Southbury, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Southbury Neighborhoods Since 2000




Southbury, 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

Southbury Housing Market Information

With 19,675 people, 7,669 houses or apartments, and a median cost of homes of $388,040, Southbury house prices are not only among the most expensive in Connecticut, Southbury 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 Southbury, accounting for 58.46% of the town's housing units. Other types of housing that are prevalent in Southbury include row houses and other attached homes ( 17.46%), duplexes, homes converted to apartments or other small apartment buildings ( 16.88%), and a few large apartment complexes or high rise apartments ( 6.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southbury. Owner-occupied housing accounts for 82.80% of Southbury's homes, and 53.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Southbury 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 Southbury built between 1940-1969 ( 23.88%). A lesser amount of the housing stock also hails from before 1939 ( 8.06%). There's also some housing in Southbury built between 2000 and later ( 7.05%).

Southbury Home Appreciation Rates

Homes have actually lost value in Southbury over the last then years, as home values have seen a decline of 20.42% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Southbury home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

Over the last year, Southbury appreciation rates have trailed the rest of the nation. In the last twelve months, Southbury's appreciation rate has been 0.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Southbury were at -0.47%, which equates to an annual appreciation rate of -1.86%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Southbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Southbury - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Southbury real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$388,040

Southbury, CT HOME PRICES

Value Range
> $1,019,000 1.1
$764,001 - $1,019,000 1.2
$509,001 - $764,000 14.3
$407,001 - $509,000 18.6
$306,001 - $407,000 20.4
$204,001 - $306,000 17.7
$102,001 - $204,000 20.2
$51,001 - $102,000 5.5
$0 - $51,000 1.0

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
9.99062463377476 16.5680473372781

Number Of Homes And Apartments:
7,669

Southbury 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
20.35% 1.08% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,256 / per month

Homeownership Rate

Homeownership
Owners 82.80
Renters 17.20
Vacant 9.08

Housing Market Details

 

Age of Homes

AGE OF Southbury HOMES
2000 or Newer 7.1
1970 - 1999 61.0
1940 - 1969 23.9
1939 or Older 8.1

Types of Homes

TYPE OF Southbury HOMES
Single-Family 58.5
Townhomes 17.5
Small Apt. Buildings 16.9
Apt. Complexes 6.7
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Southbury HOMES
No Bedroom 1.14
1 Bedroom 10.67
2 Bedrooms 30.73
3 Bedrooms 26.58
4 Bedrooms 26.53
5 or more bedrooms 4.35