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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Southington, CT Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Southington, CT Housing Market Trends

With 43,753 people, 17,020 houses or apartments, and a median cost of homes of $443,116, Southington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Southington, accounting for 74.47% of the town's housing units. Other types of housing that are prevalent in Southington include large apartment complexes or high rise apartments ( 8.70%), duplexes, homes converted to apartments or other small apartment buildings ( 8.26%), and a few row houses and other attached homes ( 6.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southington. Owner-occupied housing accounts for 82.83% of Southington's homes, and 67.42% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Southington 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 Southington built between 1940-1969 ( 37.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.83%). There's also some housing in Southington built before 1939 ( 9.86%).

Southington Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Southington, where house values have increased just 49.00%, which is annualized rate of 4.07%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Southington that despite a nationwide downturn in the housing market, Southington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Southington appreciation rates continue to be some of the highest in America, at 7.81%, which is higher than appreciation rates in 83.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Southington. Southington appreciation rates in the latest quarter were at 0.29%, which equates to an annual appreciation rate of 1.17%.

Relative to Connecticut, our data show that Southington's latest annual appreciation rate is lower than 80% 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 Southington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Southington - 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 Southington real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$443,116

Southington, CT Home Prices
> $1,303,000
$978,001 - $1,303,000
$651,001 - $978,000
$521,001 - $651,000
$391,001 - $521,000
$261,001 - $391,000
$130,001 - $261,000
$65,001 - $130,000
$0 - $65,000
1.0%
1.0%
2.3%
2.3%
12.6%
12.6%
16.5%
16.5%
27.7%
27.7%
24.9%
24.9%
11.2%
11.2%
1.6%
1.6%
2.1%
2.1%
0% 100.0%
% of Homes
Average

for Connecticut

High

for nation

Number of Homes And Apartments:

17,020

Southington Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,452 / per month

Homeownership Rate

Owners
Renters
82.8%
82.8%
17.2%
17.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.4%
5.4%
94.6%
94.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.8%
15.8%
37.2%
37.2%
37.1%
37.1%
9.9%
9.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.5%
74.5%
6.2%
6.2%
8.3%
8.3%
8.7%
8.7%
2.4%
2.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
4.6%
4.6%
22.9%
22.9%
47.2%
47.2%
20.2%
20.2%
4.0%
4.0%
0% 100.0%
% of Homes