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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Newington, CT Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Newington, CT Housing Market Trends

With a population of 30,356, 12,514 total housing units (homes and apartments), and a median house value of $340,290, 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 61.69% of the town's housing units. Other types of housing that are prevalent in Newington include large apartment complexes or high rise apartments ( 16.60%), row houses and other attached homes ( 14.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.00%).

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 76.37% of Newington's homes, and 57.30% 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 48.33% of the town's housing hails from this era. Other housing ages represented in Newington include homes built between 1970-1999 ( 35.86%) and housing constructed between 2000 and later ( 8.38%). There's also some housing in Newington built before 1939 ( 7.43%).

Newington Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Newington, where house values have increased just 48.73%, which is annualized rate of 4.05%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Newington that despite a nationwide downturn in the housing market, Newington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newington appreciation rates continue to be some of the highest in America, at 7.81%, which is higher than appreciation rates in 83.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newington. Newington appreciation rates in the latest quarter were at 0.29%, which equates to an annual appreciation rate of 1.17%.

Relative to Connecticut, our data show that Newington's latest annual appreciation rate is lower than 60% 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

$340,290

Newington, CT Home Prices
> $1,297,000
$973,001 - $1,297,000
$648,001 - $973,000
$519,001 - $648,000
$389,001 - $519,000
$259,001 - $389,000
$130,001 - $259,000
$65,001 - $130,000
$0 - $65,000
0.5%
0.5%
0.1%
0.1%
2.8%
2.8%
6.6%
6.6%
26.2%
26.2%
41.1%
41.1%
17.1%
17.1%
3.4%
3.4%
2.2%
2.2%
0% 100.0%
% of Homes
Low

for Connecticut

High

for nation

Number of Homes And Apartments:

12,514

Newington Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,308 / per month

Homeownership Rate

Owners
Renters
76.4%
76.4%
23.6%
23.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.4%
8.4%
35.9%
35.9%
48.3%
48.3%
7.4%
7.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.7%
61.7%
14.6%
14.6%
7.0%
7.0%
16.6%
16.6%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
9.0%
9.0%
31.2%
31.2%
43.5%
43.5%
13.8%
13.8%
1.2%
1.2%
0% 100.0%
% of Homes