Plymouth, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Plymouth, CT Real Estate Data


Plymouth Housing Market Information

With 11,813 people, 4,690 houses or apartments, and a median cost of homes of $184,425, Plymouth real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Plymouth homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Plymouth, accounting for 76.67% of the town's housing units. Other types of housing that are prevalent in Plymouth include duplexes, homes converted to apartments or other small apartment buildings ( 10.14%), large apartment complexes or high rise apartments ( 7.29%), and a few row houses and other attached homes ( 3.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plymouth. Owner-occupied housing accounts for 81.47% of Plymouth's homes, and 64.01% 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. Plymouth's housing was primarily built during this period, from the '40s through the '60s. A full 34.91% of the town's housing hails from this era. Other housing ages represented in Plymouth include homes built between 1970-1999 ( 34.00%) and housing constructed before 1939 ( 19.78%). There's also some housing in Plymouth built between 2000 and later ( 11.31%).

Plymouth Home Appreciation Rates

Homes have actually lost value in Plymouth over the last then years, as home values have seen a decline of 25.80% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Plymouth home appreciation rates at 0.57%, which equates to an annual appreciation rate of 2.28%.

Appreciation rates are so strong in Plymouth that despite a nationwide downturn in the housing market, Plymouth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Plymouth appreciation rates continue to be some of the highest in America, at 6.34%, which is higher than appreciation rates in 75.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Plymouth. Plymouth appreciation rates in the latest quarter were at 0.57%, which equates to an annual appreciation rate of 2.28%.

Relative to Connecticut, our data show that Plymouth's latest annual appreciation rate is higher than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$184,425

Plymouth, CT HOME PRICES

Value Range
> $971,000 0.5
$728,001 - $971,000 0.7
$486,001 - $728,000 1.1
$389,001 - $486,000 2.2
$291,001 - $389,000 9.1
$194,001 - $291,000 31.9
$97,001 - $194,000 46.6
$49,001 - $97,000 4.8
$0 - $49,000 2.9

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
36.311965311145 90.5325443786982

Number Of Homes And Apartments:
4,690

Rent & Ownership

 

Average Market Rent:
$1,160 / per month

Homeownership Rate

Homeownership
Owners 81.47
Renters 18.53
Vacant 8.52

Housing Market Details

 

Age of Homes

AGE OF Plymouth HOMES
2000 or Newer 11.3
1970 - 1999 34.0
1940 - 1969 34.9
1939 or Older 19.8

Types of Homes

TYPE OF Plymouth HOMES
Single-Family 76.7
Townhomes 3.9
Small Apt. Buildings 10.1
Apt. Complexes 7.3
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Plymouth HOMES
No Bedroom 1.85
1 Bedroom 5.85
2 Bedrooms 27.03
3 Bedrooms 50.24
4 Bedrooms 13.77
5 or more bedrooms 1.25

Plymouth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
18.98% 1.01% 2 2
* 10 is highest

Popular Neighborhoods in Plymouth

Zip Codes in Plymouth, CT