North Branford, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating North Branford Neighborhoods Since 2000




North Branford, 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

North Branford Housing Market Information

With 14,263 people, 5,371 houses or apartments, and a median cost of homes of $256,528, North Branford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in North Branford, accounting for 81.20% of the town's housing units. Other types of housing that are prevalent in North Branford include large apartment complexes or high rise apartments ( 10.73%), duplexes, homes converted to apartments or other small apartment buildings ( 5.03%), and a few row houses and other attached homes ( 2.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Branford. Owner-occupied housing accounts for 88.72% of North Branford's homes, and 66.85% 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. North Branford's housing was primarily built during this period, from the '40s through the '60s. A full 44.80% of the town's housing hails from this era. Other housing ages represented in North Branford include homes built between 1970-1999 ( 43.93%) and housing constructed between 2000 and later ( 6.61%). There's also some housing in North Branford built before 1939 ( 4.65%).

North Branford Home Appreciation Rates

Homes have actually lost value in North Branford over the last then years, as home values have seen a decline of 19.28% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows North Branford home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

Over the last year, North Branford appreciation rates have trailed the rest of the nation. In the last twelve months, North Branford's appreciation rate has been 0.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Branford were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Connecticut, our data show that North Branford's latest annual appreciation rate is higher than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$256,528

North Branford, CT HOME PRICES

Value Range
> $1,011,000 2.0
$759,001 - $1,011,000 0.0
$506,001 - $759,000 6.8
$405,001 - $506,000 8.9
$303,001 - $405,000 25.1
$202,001 - $303,000 39.8
$101,001 - $202,000 12.7
$50,001 - $101,000 0.9
$0 - $50,000 3.8

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
21.5692019219501 60.9467455621302

Number Of Homes And Apartments:
5,371

North Branford 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
30.45% 1.55% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,376 / per month

Homeownership Rate

Homeownership
Owners 88.72
Renters 11.28
Vacant 4.58

Housing Market Details

 

Age of Homes

AGE OF North Branford HOMES
2000 or Newer 6.6
1970 - 1999 43.9
1940 - 1969 44.8
1939 or Older 4.7

Types of Homes

TYPE OF North Branford HOMES
Single-Family 81.2
Townhomes 2.2
Small Apt. Buildings 5.0
Apt. Complexes 10.7
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF North Branford HOMES
No Bedroom 0.25
1 Bedroom 5.22
2 Bedrooms 21.30
3 Bedrooms 51.59
4 Bedrooms 15.26
5 or more bedrooms 6.38

Popular Neighborhoods in North Branford

Zip Codes in North Branford, CT