Suffield, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Suffield, CT Real Estate Data


Suffield Housing Market Information

With 15,662 people, 4,822 houses or apartments, and a median cost of homes of $319,803, real estate costs in Suffield 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 Suffield, accounting for 83.62% of the town's housing units. Other types of housing that are prevalent in Suffield include row houses and other attached homes ( 7.51%), duplexes, homes converted to apartments or other small apartment buildings ( 4.71%), and a few large apartment complexes or high rise apartments ( 4.16%).

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 70.82% of Suffield's homes, and 65.36% 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 ( 31.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.34%). There's also some housing in Suffield built before 1939 ( 12.81%).

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 -0.94%, 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 2.78%, 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 0.71%, which equates to an annual appreciation rate of 2.86%.

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 lower than 50% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$319,803

Suffield, CT HOME PRICES

Value Range
> $1,016,000 1.3
$762,001 - $1,016,000 0.5
$508,001 - $762,000 11.4
$406,001 - $508,000 15.2
$305,001 - $406,000 24.0
$203,001 - $305,000 32.4
$101,001 - $203,000 11.4
$51,001 - $101,000 1.8
$0 - $51,000 2.0

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
14.9675001463957 37.2781065088757

Number Of Homes And Apartments:
4,822

Rent & Ownership

 

Average Market Rent:
$1,368 / per month

Homeownership Rate

Homeownership
Owners 70.82
Renters 29.18
Vacant 5.41

Housing Market Details

 

Age of Homes

AGE OF Suffield HOMES
2000 or Newer 15.3
1970 - 1999 40.8
1940 - 1969 31.1
1939 or Older 12.8

Types of Homes

TYPE OF Suffield HOMES
Single-Family 83.6
Townhomes 7.5
Small Apt. Buildings 4.7
Apt. Complexes 4.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Suffield HOMES
No Bedroom 0.78
1 Bedroom 5.47
2 Bedrooms 22.50
3 Bedrooms 39.64
4 Bedrooms 25.72
5 or more bedrooms 5.88

Suffield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
40.98% 2.04% 9 5
* 10 is highest