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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 18,370, 7,749 total housing units (homes and apartments), and a median house value of $326,509, real estate costs in Stonington 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 Stonington, accounting for 68.41% of the town's housing units. Other types of housing that are prevalent in Stonington include duplexes, homes converted to apartments or other small apartment buildings ( 17.80%), large apartment complexes or high rise apartments ( 8.45%), and a few mobile homes or trailers ( 2.65%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stonington. Owner-occupied housing accounts for 70.07% of Stonington's homes, and 56.22% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Stonington 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 Stonington built before 1939 ( 31.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.42%). There's also some housing in Stonington built between 2000 and later ( 10.13%).
Vacant housing appears to be an issue in Stonington. Fully 16.51% of the housing stock is classified as vacant. Left unchecked, vacant Stonington homes and apartments can be a drag on the real estate market, holding Stonington 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.
Stonington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stonington during the period has been just -1.84%, which is lower than 80% of US communities.
Over the last year, Stonington appreciation rates have trailed the rest of the nation. In the last twelve months, Stonington's appreciation rate has been 0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stonington were at -1.34%, which equates to an annual appreciation rate of -5.24%.
Notably, Stonington's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Stonington'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 Stonington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stonington - 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 Stonington real estate investment or home purchase decisions.
|$756,001 - $1,007,000||3.9|
|$504,001 - $756,000||11.5|
|$403,001 - $504,000||14.2|
|$303,001 - $403,000||18.9|
|$202,001 - $303,000||27.8|
|$101,001 - $202,000||11.2|
|$50,001 - $101,000||1.8|
|$0 - $50,000||5.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Stonington HOMES|
|2000 or Newer||10.1|
|1970 - 1999||33.6|
|1940 - 1969||24.4|
|1939 or Older||31.9|
|TYPE OF Stonington HOMES|
|Small Apt. Buildings||17.8|
|SIZE OF Stonington HOMES|
|5 or more bedrooms||3.21|