Suffield, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Suffield Neighborhoods Since 2000




Suffield, 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

Suffield Housing Market Information

With 15,662 people, 4,670 houses or apartments, and a median cost of homes of $259,501, Suffield real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Suffield, accounting for 83.83% of the town's housing units. Other types of housing that are prevalent in Suffield include row houses and other attached homes ( 7.66%), large apartment complexes or high rise apartments ( 5.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Suffield. Owner-occupied housing accounts for 70.59% of Suffield's homes, and 68.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Suffield 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 Suffield built between 1940-1969 ( 30.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.13%). There's also some housing in Suffield built before 1939 ( 13.04%).

Suffield Home Appreciation Rates

Suffield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Suffield during the period has been just -1.21%, which is lower than 70% of US communities.

Over the last year, Suffield appreciation rates have trailed the rest of the nation. In the last twelve months, Suffield's appreciation rate has been 1.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Suffield were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Suffield's latest annual appreciation rate is higher than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$259,501

Suffield, CT HOME PRICES

Value Range
> $1,011,000 1.0
$758,001 - $1,011,000 0.5
$506,001 - $758,000 9.9
$405,001 - $506,000 13.6
$303,001 - $405,000 23.9
$202,001 - $303,000 32.5
$101,001 - $202,000 15.0
$51,001 - $101,000 1.8
$0 - $51,000 1.9

Average for CT
High for Nation

Value Relative to Nation Value Relative to State
21.1180124223602 58.5798816568047

Number Of Homes And Apartments:
4,670

Suffield 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
38.13% 1.89% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,470 / per month

Homeownership Rate

Homeownership
Owners 70.59
Renters 29.41
Vacant 6.17

Housing Market Details

 

Age of Homes

AGE OF Suffield HOMES
2000 or Newer 16.1
1970 - 1999 40.8
1940 - 1969 30.0
1939 or Older 13.0

Types of Homes

TYPE OF Suffield HOMES
Single-Family 83.8
Townhomes 7.7
Small Apt. Buildings 3.1
Apt. Complexes 5.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Suffield HOMES
No Bedroom 0.16
1 Bedroom 4.74
2 Bedrooms 22.30
3 Bedrooms 42.90
4 Bedrooms 25.24
5 or more bedrooms 4.66