Thompson, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Thompson Neighborhoods Since 2000




Thompson, 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

Thompson Housing Market Information

With 9,290 people, 3,736 houses or apartments, and a median cost of homes of $191,223, Thompson real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Thompson homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Thompson, accounting for 79.04% of the town's housing units. Other types of housing that are prevalent in Thompson include duplexes, homes converted to apartments or other small apartment buildings ( 12.95%), large apartment complexes or high rise apartments ( 3.15%), and a few mobile homes or trailers ( 2.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Thompson. Owner-occupied housing accounts for 78.96% of Thompson's homes, and 60.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Thompson 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 Thompson built between 1940-1969 ( 31.03%). A lesser amount of the housing stock also hails from before 1939 ( 24.98%). There's also some housing in Thompson built between 2000 and later ( 7.99%).

Thompson Home Appreciation Rates

Thompson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Thompson during the period has been just -1.98%, which is lower than 80% of US communities.

Appreciation rates are so strong in Thompson that despite a nationwide downturn in the housing market, Thompson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Thompson appreciation rates continue to be some of the highest in America, at 6.01%, which is higher than appreciation rates in 74.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Thompson. Thompson appreciation rates in the latest quarter were at 0.33%, which equates to an annual appreciation rate of 1.33%.

Relative to Connecticut, our data show that Thompson's latest annual appreciation rate is higher than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$191,223

Thompson, CT HOME PRICES

Value Range
> $1,049,000 0.5
$787,001 - $1,049,000 0.0
$525,001 - $787,000 1.7
$420,001 - $525,000 3.2
$315,001 - $420,000 14.6
$210,001 - $315,000 27.8
$105,001 - $210,000 45.4
$52,001 - $105,000 2.5
$0 - $52,000 4.4

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
34.5892417672565 87.5739644970414

Number Of Homes And Apartments:
3,736

Thompson 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
44.13% 2.14% 10 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,025 / per month

Homeownership Rate

Homeownership
Owners 78.96
Renters 21.04
Vacant 9.58

Housing Market Details

 

Age of Homes

AGE OF Thompson HOMES
2000 or Newer 8.0
1970 - 1999 36.0
1940 - 1969 31.0
1939 or Older 25.0

Types of Homes

TYPE OF Thompson HOMES
Single-Family 79.0
Townhomes 1.9
Small Apt. Buildings 12.9
Apt. Complexes 3.1
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Thompson HOMES
No Bedroom 1.19
1 Bedroom 9.29
2 Bedrooms 25.05
3 Bedrooms 45.50
4 Bedrooms 14.91
5 or more bedrooms 4.07

Popular Neighborhoods in Thompson

Zip Codes in Thompson, CT