North Haven, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating North Haven Neighborhoods Since 2000




North 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 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 Haven Housing Market Information

With a population of 23,828, 8,513 total housing units (homes and apartments), and a median house value of $308,712, 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 82.52% of the town's housing units. Other types of housing that are prevalent in North Haven include large apartment complexes or high rise apartments ( 9.88%), row houses and other attached homes ( 4.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.26%).

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 83.44% of North Haven's homes, and 70.89% 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 52.49% of the town's housing hails from this era. Other housing ages represented in North Haven include homes built between 1970-1999 ( 30.24%) and housing constructed before 1939 ( 8.92%). There's also some housing in North Haven built between 2000 and later ( 8.35%).

North Haven Home Appreciation Rates

Homes have actually lost value in North Haven over the last then years, as home values have seen a decline of 20.62% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows North Haven home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

Over the last year, North Haven appreciation rates have trailed the rest of the nation. In the last twelve months, North Haven's appreciation rate has been -3.31%, 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 Haven were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Connecticut, our data show that North Haven's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$308,712

North Haven, CT HOME PRICES

Value Range
> $985,000 0.6
$738,001 - $985,000 2.2
$492,001 - $738,000 6.0
$394,001 - $492,000 8.0
$295,001 - $394,000 30.7
$197,001 - $295,000 43.4
$98,001 - $197,000 7.1
$49,001 - $98,000 0.4
$0 - $49,000 1.8

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
15.5631079339037 36.094674556213

Number Of Homes And Apartments:
8,513

North Haven 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
30.34% 1.55% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,513 / per month

Homeownership Rate

Homeownership
Owners 83.44
Renters 16.56
Vacant 5.57

Housing Market Details

 

Age of Homes

AGE OF North Haven HOMES
2000 or Newer 8.4
1970 - 1999 30.2
1940 - 1969 52.5
1939 or Older 8.9

Types of Homes

TYPE OF North Haven HOMES
Single-Family 82.5
Townhomes 4.3
Small Apt. Buildings 3.3
Apt. Complexes 9.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF North Haven HOMES
No Bedroom 1.28
1 Bedroom 6.83
2 Bedrooms 16.55
3 Bedrooms 49.10
4 Bedrooms 21.80
5 or more bedrooms 4.45