North Haven, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Haven, CT Real Estate Data


North Haven Housing Market Information

With 23,828 people, 8,590 houses or apartments, and a median cost of homes of $330,879, real estate costs in North Haven are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in North Haven, accounting for 82.83% of the town's housing units. Other types of housing that are prevalent in North Haven include large apartment complexes or high rise apartments ( 9.27%), row houses and other attached homes ( 4.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.11%).

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 85.07% of North Haven's homes, and 71.96% 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 53.23% of the town's housing hails from this era. Other housing ages represented in North Haven include homes built between 1970-1999 ( 27.47%) and housing constructed before 1939 ( 10.72%). There's also some housing in North Haven built between 2000 and later ( 8.58%).

North Haven Home Appreciation Rates

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 -1.50%, which is lower than 80% of US communities.

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 3.42%, 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 1.01%, which equates to an annual appreciation rate of 4.11%.

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

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.

Average Home Values

 

Median Home Value:
$330,879

North Haven, CT HOME PRICES

Value Range
> $1,053,000 0.6
$789,001 - $1,053,000 2.2
$526,001 - $789,000 5.7
$421,001 - $526,000 8.1
$316,001 - $421,000 32.6
$210,001 - $316,000 41.0
$105,001 - $210,000 7.6
$53,001 - $105,000 0.4
$0 - $53,000 1.8

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
14.0891257246589 33.1360946745562

Number Of Homes And Apartments:
8,590

Rent & Ownership

 

Average Market Rent:
$1,533 / per month

Homeownership Rate

Homeownership
Owners 85.07
Renters 14.93
Vacant 5.12

Housing Market Details

 

Age of Homes

AGE OF North Haven HOMES
2000 or Newer 8.6
1970 - 1999 27.5
1940 - 1969 53.2
1939 or Older 10.7

Types of Homes

TYPE OF North Haven HOMES
Single-Family 82.8
Townhomes 4.7
Small Apt. Buildings 3.1
Apt. Complexes 9.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF North Haven HOMES
No Bedroom 1.07
1 Bedroom 6.38
2 Bedrooms 16.03
3 Bedrooms 49.25
4 Bedrooms 22.71
5 or more bedrooms 4.56

North Haven Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
41.27% 2.05% 9 5
* 10 is highest

Popular Neighborhoods in North Haven

Zip Codes in North Haven, CT