Stratford, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stratford, CT Real Estate Data


Stratford Housing Market Information

With 52,609 people, 20,714 houses or apartments, and a median cost of homes of $248,822, Stratford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stratford, accounting for 64.84% of the town's housing units. Other types of housing that are prevalent in Stratford include duplexes, homes converted to apartments or other small apartment buildings ( 14.01%), row houses and other attached homes ( 12.37%), and a few large apartment complexes or high rise apartments ( 8.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stratford. Owner-occupied housing accounts for 79.32% of Stratford's homes, and 58.36% have either three or four bedrooms, which is average sized relative to America.

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. Stratford's housing was primarily built during this period, from the '40s through the '60s. A full 49.30% of the town's housing hails from this era. Other housing ages represented in Stratford include homes built between 1970-1999 ( 27.97%) and housing constructed before 1939 ( 20.29%). There's also some housing in Stratford built between 2000 and later ( 2.43%).

Stratford Home Appreciation Rates

Homes have actually lost value in Stratford over the last then years, as home values have seen a decline of 27.12% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Stratford home appreciation rates at -1.01%, which equates to an annual appreciation rate of -3.99%.

Over the last year, Stratford appreciation rates have trailed the rest of the nation. In the last twelve months, Stratford's appreciation rate has been -0.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stratford were at -1.01%, which equates to an annual appreciation rate of -3.99%.

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

Relative to Connecticut, our data show that Stratford'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 town. Individual neighborhoods within Stratford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stratford - 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 Stratford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$248,822

Stratford, CT HOME PRICES

Value Range
> $1,009,000 0.2
$757,001 - $1,009,000 0.4
$505,001 - $757,000 3.2
$404,001 - $505,000 5.3
$303,001 - $404,000 17.4
$202,001 - $303,000 41.3
$101,001 - $202,000 24.0
$50,001 - $101,000 4.6
$0 - $50,000 3.3

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
22.4364232977851 67.4556213017752

Number Of Homes And Apartments:
20,714

Rent & Ownership

 

Average Market Rent:
$1,472 / per month

Homeownership Rate

Homeownership
Owners 79.32
Renters 20.68
Vacant 6.96

Housing Market Details

 

Age of Homes

AGE OF Stratford HOMES
2000 or Newer 2.4
1970 - 1999 28.0
1940 - 1969 49.3
1939 or Older 20.3

Types of Homes

TYPE OF Stratford HOMES
Single-Family 64.8
Townhomes 12.4
Small Apt. Buildings 14.0
Apt. Complexes 8.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Stratford HOMES
No Bedroom 1.36
1 Bedroom 11.54
2 Bedrooms 26.73
3 Bedrooms 44.30
4 Bedrooms 14.06
5 or more bedrooms 2.01

Stratford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
17.89% 0.96% 2 2
* 10 is highest