Newington, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newington Neighborhoods Since 2000




Newington, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Newington Housing Market Information

With a population of 30,604, 12,649 total housing units (homes and apartments), and a median house value of $232,552, Newington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Newington, accounting for 63.62% of the town's housing units. Other types of housing that are prevalent in Newington include large apartment complexes or high rise apartments ( 17.15%), row houses and other attached homes ( 11.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newington. Owner-occupied housing accounts for 78.76% of Newington's homes, and 57.65% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Newington's housing was primarily built during this period, from the '40s through the '60s. A full 45.25% of the town's housing hails from this era. Other housing ages represented in Newington include homes built between 1970-1999 ( 39.48%) and housing constructed before 1939 ( 9.18%). There's also some housing in Newington built between 2000 and later ( 6.09%).

Newington Home Appreciation Rates

Newington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newington during the period has been just -1.50%, which is lower than 80% of US communities.

Over the last year, Newington appreciation rates have trailed the rest of the nation. In the last twelve months, Newington's appreciation rate has been -0.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newington were at -1.07%, which equates to an annual appreciation rate of -4.22%.

Notably, Newington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Newington'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 town. Individual neighborhoods within Newington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newington - 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 Newington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$232,552

Newington, CT HOME PRICES

Value Range
> $1,000,000 0.3
$750,001 - $1,000,000 0.2
$499,001 - $750,000 0.6
$400,001 - $499,000 2.8
$300,001 - $400,000 14.0
$200,001 - $300,000 48.9
$100,001 - $200,000 28.9
$50,001 - $100,000 1.7
$0 - $50,000 2.5

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
25.3662252431736 73.3727810650888

Number Of Homes And Apartments:
12,649

Newington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
30.63% 1.56% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,387 / per month

Homeownership Rate

Homeownership
Owners 78.76
Renters 21.24
Vacant 2.63

Housing Market Details

 

Age of Homes

AGE OF Newington HOMES
2000 or Newer 6.1
1970 - 1999 39.5
1940 - 1969 45.3
1939 or Older 9.2

Types of Homes

TYPE OF Newington HOMES
Single-Family 63.6
Townhomes 11.0
Small Apt. Buildings 8.0
Apt. Complexes 17.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Newington HOMES
No Bedroom 1.03
1 Bedroom 7.51
2 Bedrooms 32.77
3 Bedrooms 42.93
4 Bedrooms 14.72
5 or more bedrooms 1.04