New Haven, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

New Haven Housing Market Information

With a population of 130,250, 49,770 total housing units (homes and apartments), and a median house value of $221,105, New Haven real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, New Haven homes are still considered rather expensive.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in New Haven, accounting for 42.20% of the city's housing units. Other types of housing that are prevalent in New Haven include large apartment complexes or high rise apartments ( 34.28%), single-family detached homes ( 19.31%), and a few row houses and other attached homes ( 4.17%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

New Haven is dominated by renter-occupied one, two, or no bedrooms apartments. 74.42% of New Haven's dwellings are rentals.

The housing in New Haven was primarily built before 1939 ( 49.88%), making the housing stock in New Haven some of the oldest overall in America, although there is a range of ages of homes in New Haven. The next most important housing age is between 1940-1969 ( 24.68%), followed by between 1970-1999 ( 18.31%). There's also some housing in New Haven built between 2000 and later ( 7.13%).

Vacant housing appears to be an issue in New Haven. Fully 11.29% of the housing stock is classified as vacant. Left unchecked, vacant New Haven homes and apartments can be a drag on the real estate market, holding New Haven real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

New Haven Home Appreciation Rates

New Haven's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Haven during the period has been just 1.51%, which is lower than 70% of US communities.

Over the last year, New Haven appreciation rates have trailed the rest of the nation. In the last twelve months, New Haven's appreciation rate has been 3.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Haven were at 2.04%, which equates to an annual appreciation rate of 8.42%.

Importantly, this makes New Haven one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Connecticut, our data show that New Haven's latest annual appreciation rate is higher than 50% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Haven - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Haven real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$221,105

New Haven, CT HOME PRICES

> $1,151,000
0.9%
0.9%
$863,001 - $1,151,000
2.0%
2.0%
$575,001 - $863,000
3.2%
3.2%
$460,001 - $575,000
4.5%
4.5%
$345,001 - $460,000
8.2%
8.2%
$230,001 - $345,000
25.8%
25.8%
$115,001 - $230,000
41.7%
41.7%
$57,001 - $115,000
10.3%
10.3%
$0 - $57,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for CT

Value Relative To Nation

Number Of Homes And Apartments:
49,770

New Haven Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
86.07% 3.04%
10
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,582 / per month

Homeownership Rate

Owners
25.6%
25.6%
Renters
74.4%
74.4%
Vacant
11.3%
11.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
7.1%
7.1%
1970 - 1999
18.3%
18.3%
1940 - 1969
24.7%
24.7%
1939 or Older
49.9%
49.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
19.3%
19.3%
Townhomes
4.2%
4.2%
Small Apt. Buildings
42.2%
42.2%
Apt. Complexes
34.3%
34.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
6.0%
6.0%
1 Bedroom
21.5%
21.5%
2 Bedrooms
38.1%
38.1%
3 Bedrooms
24.1%
24.1%
4 Bedrooms
7.4%
7.4%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES