Stafford, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stafford, 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

Stafford Housing Market Information

With a population of 11,837, 4,796 total housing units (homes and apartments), and a median house value of $215,457, Stafford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stafford, accounting for 71.59% of the town's housing units. Other types of housing that are prevalent in Stafford include duplexes, homes converted to apartments or other small apartment buildings ( 13.38%), large apartment complexes or high rise apartments ( 9.30%), and a few row houses and other attached homes ( 3.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stafford. Owner-occupied housing accounts for 70.99% of Stafford's homes, and 60.54% have either three or four bedrooms, which is average sized relative to America.

Vacant housing appears to be an issue in Stafford. Fully 11.64% of the housing stock is classified as vacant. Left unchecked, vacant Stafford homes and apartments can be a drag on the real estate market, holding Stafford 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.

Stafford Home Appreciation Rates

Stafford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stafford during the period has been just -1.83%, which is lower than 80% of US communities.

Over the last year, Stafford appreciation rates have trailed the rest of the nation. In the last twelve months, Stafford's appreciation rate has been 1.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stafford were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Stafford's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$215,457

Stafford, CT HOME PRICES

Value Range
> $1,029,000 0.4
$772,001 - $1,029,000 0.7
$515,001 - $772,000 1.8
$412,001 - $515,000 1.9
$309,001 - $412,000 9.8
$206,001 - $309,000 29.0
$103,001 - $206,000 48.8
$52,001 - $103,000 4.1
$0 - $52,000 3.4

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
28.6358842142271 78.698224852071

Number Of Homes And Apartments:
4,796

Stafford 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
33.56% 1.69% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,333 / per month

Homeownership Rate

Homeownership
Owners 70.99
Renters 29.01
Vacant 11.64

Housing Market Details

 

Age of Homes

AGE OF Stafford HOMES
2000 or Newer 8.7
1970 - 1999 33.0
1940 - 1969 25.4
1939 or Older 33.0

Types of Homes

TYPE OF Stafford HOMES
Single-Family 71.6
Townhomes 3.7
Small Apt. Buildings 13.4
Apt. Complexes 9.3
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Stafford HOMES
No Bedroom 2.28
1 Bedroom 9.36
2 Bedrooms 26.29
3 Bedrooms 45.06
4 Bedrooms 15.48
5 or more bedrooms 1.53

Popular Neighborhoods in Stafford

Zip Codes in Stafford, CT