Trumbull, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Trumbull Neighborhoods Since 2000




Trumbull, 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

Trumbull Housing Market Information

With 36,628 people, 12,123 houses or apartments, and a median cost of homes of $401,778, Trumbull house prices are not only among the most expensive in Connecticut, Trumbull real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Trumbull, accounting for 87.33% of the town's housing units. Other types of housing that are prevalent in Trumbull include large apartment complexes or high rise apartments ( 6.25%), row houses and other attached homes ( 3.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Trumbull. Owner-occupied housing accounts for 87.28% of Trumbull's homes, and 77.29% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Trumbull's housing was primarily built during this period, from the '40s through the '60s. A full 47.90% of the town's housing hails from this era. Other housing ages represented in Trumbull include homes built between 1970-1999 ( 34.90%) and housing constructed before 1939 ( 11.75%). There's also some housing in Trumbull built between 2000 and later ( 5.45%).

Trumbull Home Appreciation Rates

Homes have actually lost value in Trumbull over the last then years, as home values have seen a decline of 21.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Trumbull home appreciation rates at -1.81%, which equates to an annual appreciation rate of -7.04%.

Over the last year, Trumbull appreciation rates have trailed the rest of the nation. In the last twelve months, Trumbull's appreciation rate has been -1.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Trumbull were at -1.81%, which equates to an annual appreciation rate of -7.04%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Trumbull differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Trumbull - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Trumbull real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$401,778

Trumbull, CT HOME PRICES

Value Range
> $1,006,000 1.4
$754,001 - $1,006,000 3.9
$503,001 - $754,000 20.4
$402,001 - $503,000 23.3
$302,001 - $402,000 36.9
$201,001 - $302,000 10.3
$101,001 - $201,000 2.3
$50,001 - $101,000 0.1
$0 - $50,000 1.5

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
9.42810266026017 15.3846153846154

Number Of Homes And Apartments:
12,123

Trumbull 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
24.47% 1.28% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,306 / per month

Homeownership Rate

Homeownership
Owners 87.28
Renters 12.72
Vacant 3.34

Housing Market Details

 

Age of Homes

AGE OF Trumbull HOMES
2000 or Newer 5.4
1970 - 1999 34.9
1940 - 1969 47.9
1939 or Older 11.8

Types of Homes

TYPE OF Trumbull HOMES
Single-Family 87.3
Townhomes 3.9
Small Apt. Buildings 2.5
Apt. Complexes 6.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Trumbull HOMES
No Bedroom 0.76
1 Bedroom 5.37
2 Bedrooms 10.07
3 Bedrooms 42.48
4 Bedrooms 34.81
5 or more bedrooms 6.51