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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 24,169, 9,503 total housing units (homes and apartments), and a median house value of $405,504, North Haven 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 Haven, accounting for 79.95% of the town's housing units. Other types of housing that are prevalent in North Haven include large apartment complexes or high rise apartments ( 13.54%), row houses and other attached homes ( 4.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.17%).
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 Haven. Owner-occupied housing accounts for 81.52% of North Haven's homes, and 69.36% 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 Haven's housing was primarily built during this period, from the '40s through the '60s. A full 51.42% of the town's housing hails from this era. Other housing ages represented in North Haven include homes built between 1970-1999 ( 28.53%) and housing constructed before 1939 ( 10.72%). There's also some housing in North Haven built between 2000 and later ( 9.33%).
North Haven's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Haven during the period has been just 3.66%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, North Haven's appreciation rate, at 7.93%, has been at or slightly above the national average. In the latest quarter, North Haven's appreciation rate has been 0.55%, which annualizes to a rate of 2.23%.
Importantly, this makes North Haven one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Connecticut, our data show that North Haven's latest annual appreciation rate is higher than 70% 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 North Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North 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 North Haven real estate investment or home purchase decisions.
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