Redding, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Redding Neighborhoods Since 2000




Redding, 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

Redding Housing Market Information

With 9,293 people, 3,528 houses or apartments, and a median cost of homes of $533,700, Redding house prices are not only among the most expensive in Connecticut, Redding 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 Redding, accounting for 85.74% of the town's housing units. Other types of housing that are prevalent in Redding include large apartment complexes or high rise apartments ( 9.87%), duplexes, homes converted to apartments or other small apartment buildings ( 3.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Redding. Owner-occupied housing accounts for 81.71% of Redding's homes, and 65.88% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Redding built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Redding built between 1940-1969 ( 28.51%). A lesser amount of the housing stock also hails from before 1939 ( 20.29%). There's also some housing in Redding built between 2000 and later ( 13.75%).

Vacant housing appears to be an issue in Redding. Fully 10.98% of the housing stock is classified as vacant. Left unchecked, vacant Redding homes and apartments can be a drag on the real estate market, holding Redding 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.

Redding Home Appreciation Rates

Homes have actually lost value in Redding over the last then years, as home values have seen a decline of 26.65% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Redding home appreciation rates at -1.81%, which equates to an annual appreciation rate of -7.04%.

Over the last year, Redding appreciation rates have trailed the rest of the nation. In the last twelve months, Redding's appreciation rate has been -4.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Redding were at -1.81%, which equates to an annual appreciation rate of -7.04%.

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

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

Average Home Values

 

Median Home Value:
$533,700

Redding, CT HOME PRICES

Value Range
> $958,000 11.3
$718,001 - $958,000 16.3
$478,001 - $718,000 39.0
$383,001 - $478,000 14.9
$287,001 - $383,000 12.8
$191,001 - $287,000 3.8
$96,001 - $191,000 0.3
$48,001 - $96,000 0.0
$0 - $48,000 1.5

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
5.08027657330364 7.10059171597633

Number Of Homes And Apartments:
3,528

Redding 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
12.60% 0.69% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,715 / per month

Homeownership Rate

Homeownership
Owners 81.71
Renters 18.29
Vacant 10.98

Housing Market Details

 

Age of Homes

AGE OF Redding HOMES
2000 or Newer 13.8
1970 - 1999 37.4
1940 - 1969 28.5
1939 or Older 20.3

Types of Homes

TYPE OF Redding HOMES
Single-Family 85.7
Townhomes 0.0
Small Apt. Buildings 3.6
Apt. Complexes 9.9
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Redding HOMES
No Bedroom 0.00
1 Bedroom 6.56
2 Bedrooms 19.58
3 Bedrooms 28.89
4 Bedrooms 36.99
5 or more bedrooms 7.97

Popular Neighborhoods in Redding

Zip Codes in Redding, CT