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
With 10,160 people, 4,264 houses or apartments, and a median cost of homes of $380,476, Old Saybrook house prices are not only among the most expensive in Connecticut, Old Saybrook real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Old Saybrook, accounting for 91.84% of the town's housing units. Other types of housing that are prevalent in Old Saybrook include duplexes, homes converted to apartments or other small apartment buildings ( 3.81%), large apartment complexes or high rise apartments ( 2.71%), and a few row houses and other attached homes ( 1.38%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Old Saybrook. Owner-occupied housing accounts for 82.31% of Old Saybrook's homes, and 66.66% 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. Old Saybrook's housing was primarily built during this period, from the '40s through the '60s. A full 44.63% of the town's housing hails from this era. Other housing ages represented in Old Saybrook include homes built between 1970-1999 ( 33.74%) and housing constructed before 1939 ( 15.34%). There's also some housing in Old Saybrook built between 2000 and later ( 6.29%).
Vacant housing appears to be an issue in Old Saybrook. Fully 25.49% of the housing stock is classified as vacant. Left unchecked, vacant Old Saybrook homes and apartments can be a drag on the real estate market, holding Old Saybrook real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Old Saybrook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Old Saybrook during the period has been just -1.28%, which is lower than 70% of US communities.
Over the last year, Old Saybrook appreciation rates have trailed the rest of the nation. In the last twelve months, Old Saybrook's appreciation rate has been 1.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Old Saybrook were at -1.07%, which equates to an annual appreciation rate of -4.22%.
Notably, Old Saybrook's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Old Saybrook's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.
|$765,001 - $1,020,000||3.5|
|$510,001 - $765,000||17.6|
|$408,001 - $510,000||14.7|
|$306,001 - $408,000||27.8|
|$204,001 - $306,000||25.9|
|$102,001 - $204,000||2.5|
|$51,001 - $102,000||0.4|
|$0 - $51,000||2.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Old Saybrook HOMES|
|2000 or Newer||6.3|
|1970 - 1999||33.7|
|1940 - 1969||44.6|
|1939 or Older||15.3|
|TYPE OF Old Saybrook HOMES|
|Small Apt. Buildings||3.8|
|SIZE OF Old Saybrook HOMES|
|5 or more bedrooms||5.84|