Southbury, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Southbury, CT Real Estate Data


Southbury Housing Market Information

With 19,675 people, 7,841 houses or apartments, and a median cost of homes of $324,749, real estate costs in Southbury are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in Southbury, accounting for 59.31% of the town's housing units. Other types of housing that are prevalent in Southbury include row houses and other attached homes ( 17.05%), duplexes, homes converted to apartments or other small apartment buildings ( 16.56%), and a few large apartment complexes or high rise apartments ( 6.63%).

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 82.68% of Southbury's homes, and 51.35% 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 ( 22.29%). A lesser amount of the housing stock also hails from before 1939 ( 9.94%). There's also some housing in Southbury built between 2000 and later ( 7.64%).

Southbury Home Appreciation Rates

Southbury's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Southbury during the period has been just -1.86%, which is lower than 80% of US communities.

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 2.57%, 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 1.01%, which equates to an annual appreciation rate of 4.11%.

Relative to Connecticut, our data show that Southbury's latest annual appreciation rate is lower 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:
$324,749

Southbury, CT HOME PRICES

Value Range
> $1,011,000 1.1
$758,001 - $1,011,000 2.4
$506,001 - $758,000 16.2
$404,001 - $506,000 16.7
$304,001 - $404,000 20.4
$202,001 - $304,000 16.8
$101,001 - $202,000 19.7
$50,001 - $101,000 5.7
$0 - $50,000 1.0

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
14.5634479123968 34.3195266272189

Number Of Homes And Apartments:
7,841

Rent & Ownership

 

Average Market Rent:
$1,774 / per month

Homeownership Rate

Homeownership
Owners 82.68
Renters 17.32
Vacant 8.45

Housing Market Details

 

Age of Homes

AGE OF Southbury HOMES
2000 or Newer 7.6
1970 - 1999 60.1
1940 - 1969 22.3
1939 or Older 9.9

Types of Homes

TYPE OF Southbury HOMES
Single-Family 59.3
Townhomes 17.0
Small Apt. Buildings 16.6
Apt. Complexes 6.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Southbury HOMES
No Bedroom 1.54
1 Bedroom 10.36
2 Bedrooms 32.42
3 Bedrooms 26.18
4 Bedrooms 25.17
5 or more bedrooms 4.33

Southbury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
25.48% 1.34% 3 3
* 10 is highest