Plainville, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Plainville Neighborhoods Since 2000




Plainville, 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

Plainville Housing Market Information

With a population of 17,773, 7,462 total housing units (homes and apartments), and a median house value of $181,201, Plainville real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Plainville homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Plainville, accounting for 59.64% of the town's housing units. Other types of housing that are prevalent in Plainville include large apartment complexes or high rise apartments ( 18.31%), duplexes, homes converted to apartments or other small apartment buildings ( 15.02%), and a few row houses and other attached homes ( 6.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plainville. Owner-occupied housing accounts for 67.28% of Plainville's homes, and 49.62% 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. Plainville's housing was primarily built during this period, from the '40s through the '60s. A full 39.91% of the town's housing hails from this era. Other housing ages represented in Plainville include homes built between 1970-1999 ( 35.64%) and housing constructed before 1939 ( 18.51%). There's also some housing in Plainville built between 2000 and later ( 5.94%).

Plainville Home Appreciation Rates

Plainville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Plainville during the period has been just -1.88%, which is lower than 80% of US communities.

Over the last year, Plainville appreciation rates have trailed the rest of the nation. In the last twelve months, Plainville's appreciation rate has been 0.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plainville were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

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

Average Home Values

 

Median Home Value:
$181,201

Plainville, CT HOME PRICES

Value Range
> $988,000 1.0
$741,001 - $988,000 0.0
$494,001 - $741,000 0.8
$395,001 - $494,000 2.0
$296,001 - $395,000 8.7
$197,001 - $296,000 34.2
$99,001 - $197,000 44.4
$50,001 - $99,000 5.5
$0 - $50,000 3.3

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
37.7124106410407 90.5325443786982

Number Of Homes And Apartments:
7,462

Plainville 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
32.00% 1.62% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,221 / per month

Homeownership Rate

Homeownership
Owners 67.28
Renters 32.72
Vacant 7.13

Housing Market Details

 

Age of Homes

AGE OF Plainville HOMES
2000 or Newer 5.9
1970 - 1999 35.6
1940 - 1969 39.9
1939 or Older 18.5

Types of Homes

TYPE OF Plainville HOMES
Single-Family 59.6
Townhomes 6.1
Small Apt. Buildings 15.0
Apt. Complexes 18.3
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Plainville HOMES
No Bedroom 3.00
1 Bedroom 13.90
2 Bedrooms 32.36
3 Bedrooms 37.31
4 Bedrooms 12.31
5 or more bedrooms 1.12