Thomaston, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Thomaston, 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

Thomaston Housing Market Information

With 7,621 people, 2,982 houses or apartments, and a median cost of homes of $204,290, Thomaston real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Thomaston homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Thomaston, accounting for 71.75% of the town's housing units. Other types of housing that are prevalent in Thomaston include large apartment complexes or high rise apartments ( 11.40%), duplexes, homes converted to apartments or other small apartment buildings ( 10.60%), and a few row houses and other attached homes ( 5.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Thomaston. Owner-occupied housing accounts for 78.54% of Thomaston's homes, and 62.76% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Thomaston 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 Thomaston built between 1940-1969 ( 30.64%). A lesser amount of the housing stock also hails from before 1939 ( 25.06%). There's also some housing in Thomaston built between 2000 and later ( 7.73%).

Thomaston Home Appreciation Rates

Homes have actually lost value in Thomaston over the last then years, as home values have seen a decline of 26.61% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Thomaston home appreciation rates at -3.59%, which equates to an annual appreciation rate of -13.62%.

Over the last year, Thomaston appreciation rates have trailed the rest of the nation. In the last twelve months, Thomaston's appreciation rate has been 0.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thomaston were at -3.59%, which equates to an annual appreciation rate of -13.62%.

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

Relative to Connecticut, our data show that Thomaston's latest annual appreciation rate is higher than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$204,290

Thomaston, CT HOME PRICES

Value Range
> $993,000 0.0
$745,001 - $993,000 0.0
$497,001 - $745,000 0.0
$397,001 - $497,000 5.0
$298,001 - $397,000 17.6
$199,001 - $298,000 30.4
$100,001 - $199,000 37.8
$50,001 - $100,000 7.5
$0 - $50,000 1.7

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
31.2375483417321 81.6568047337278

Number Of Homes And Apartments:
2,982

Thomaston 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
17.33% 0.93% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,240 / per month

Homeownership Rate

Homeownership
Owners 78.54
Renters 21.46
Vacant 3.93

Housing Market Details

 

Age of Homes

AGE OF Thomaston HOMES
2000 or Newer 7.7
1970 - 1999 36.6
1940 - 1969 30.6
1939 or Older 25.1

Types of Homes

TYPE OF Thomaston HOMES
Single-Family 71.7
Townhomes 5.7
Small Apt. Buildings 10.6
Apt. Complexes 11.4
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Thomaston HOMES
No Bedroom 2.45
1 Bedroom 6.09
2 Bedrooms 25.10
3 Bedrooms 44.68
4 Bedrooms 18.07
5 or more bedrooms 3.61

Popular Neighborhoods in Thomaston

Zip Codes in Thomaston, CT