Stamford, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Stamford, CT Housing Market Trends

With a population of 129,638, 49,141 total housing units (homes and apartments), and a median house value of $521,241, Stamford house prices are not only among the most expensive in Connecticut, Stamford real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Stamford, accounting for 38.31% of the city's housing units. Other types of housing that are prevalent in Stamford include single-family detached homes ( 36.89%), duplexes, homes converted to apartments or other small apartment buildings ( 16.98%), and a few row houses and other attached homes ( 7.75%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Stamford primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Stamford has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Stamford's housing was primarily built during this period, from the '40s through the '60s. A full 36.40% of the city's housing hails from this era. Other housing ages represented in Stamford include homes built between 1970-1999 ( 33.28%) and housing constructed between 2000 and later ( 16.38%). There's also some housing in Stamford built before 1939 ( 13.95%).

Stamford Home Appreciation Rates

Stamford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stamford during the period has been just 1.87%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Stamford's appreciation rate, at 10.31%, has been at or slightly above the national average. In the latest quarter, Stamford's appreciation rate has been 4.20%, which annualizes to a rate of 17.91%.

Importantly, this makes Stamford one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Connecticut, our data show that Stamford's latest annual appreciation rate is lower than 70% 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 city. Individual neighborhoods within Stamford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stamford - 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 Stamford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$521,241

Stamford, CT HOME PRICES

> $1,148,000
8.8%
8.8%
$861,001 - $1,148,000
9.1%
9.1%
$575,001 - $861,000
26.2%
26.2%
$460,001 - $575,000
17.1%
17.1%
$345,001 - $460,000
17.3%
17.3%
$229,001 - $345,000
14.8%
14.8%
$115,001 - $229,000
5.1%
5.1%
$57,001 - $115,000
0.6%
0.6%
$0 - $57,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CT

Value Relative To Nation

Number Of Homes And Apartments:
49,141

Stamford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
61.70% 2.26%
7
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,782 / per month

Homeownership Rate

Owners
51.1%
51.1%
Renters
48.9%
48.9%
Vacant
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.4%
16.4%
1970 - 1999
33.3%
33.3%
1940 - 1969
36.4%
36.4%
1939 or Older
13.9%
13.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
36.9%
36.9%
Townhomes
7.8%
7.8%
Small Apt. Buildings
17.0%
17.0%
Apt. Complexes
38.3%
38.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.5%
4.5%
1 Bedroom
19.5%
19.5%
2 Bedrooms
30.0%
30.0%
3 Bedrooms
26.6%
26.6%
4 Bedrooms
14.7%
14.7%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES