Tolland, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tolland, 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

Tolland Housing Market Information

With 14,849 people, 5,238 houses or apartments, and a median cost of homes of $280,706, Tolland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tolland, accounting for 94.69% of the town's housing units. Other types of housing that are prevalent in Tolland include large apartment complexes or high rise apartments ( 3.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tolland. Owner-occupied housing accounts for 93.11% of Tolland's homes, and 80.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tolland 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 Tolland built between 1940-1969 ( 33.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.08%). There's also some housing in Tolland built before 1939 ( 6.01%).

Tolland Home Appreciation Rates

Tolland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tolland during the period has been just -1.88%, which is lower than 80% of US communities.

Over the last year, Tolland appreciation rates have trailed the rest of the nation. In the last twelve months, Tolland's appreciation rate has been -1.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tolland were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Tolland's latest annual appreciation rate is lower than 70% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$280,706

Tolland, CT HOME PRICES

Value Range
> $982,000 0.4
$737,001 - $982,000 0.0
$491,001 - $737,000 7.3
$393,001 - $491,000 9.9
$294,001 - $393,000 27.3
$196,001 - $294,000 34.7
$98,001 - $196,000 17.4
$49,001 - $98,000 1.0
$0 - $49,000 2.1

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
18.3991562170397 46.1538461538462

Number Of Homes And Apartments:
5,238

Tolland 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
21.57% 1.14% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,425 / per month

Homeownership Rate

Homeownership
Owners 93.11
Renters 6.89
Vacant 3.70

Housing Market Details

 

Age of Homes

AGE OF Tolland HOMES
2000 or Newer 15.1
1970 - 1999 45.4
1940 - 1969 33.5
1939 or Older 6.0

Types of Homes

TYPE OF Tolland HOMES
Single-Family 94.7
Townhomes 0.9
Small Apt. Buildings 0.9
Apt. Complexes 3.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Tolland HOMES
No Bedroom 0.00
1 Bedroom 3.55
2 Bedrooms 13.50
3 Bedrooms 47.95
4 Bedrooms 32.25
5 or more bedrooms 2.76

Popular Neighborhoods in Tolland

Zip Codes in Tolland, CT