Wallingford, CT Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wallingford, CT Housing Market Trends

With a population of 44,326, 18,664 total housing units (homes and apartments), and a median house value of $297,508, Wallingford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wallingford, accounting for 61.99% of the town's housing units. Other types of housing that are prevalent in Wallingford include large apartment complexes or high rise apartments ( 15.73%), duplexes, homes converted to apartments or other small apartment buildings ( 15.18%), and a few row houses and other attached homes ( 6.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wallingford. Owner-occupied housing accounts for 70.45% of Wallingford's homes, and 56.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wallingford 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 Wallingford built between 1940-1969 ( 36.01%). A lesser amount of the housing stock also hails from before 1939 ( 17.86%). There's also some housing in Wallingford built between 2000 and later ( 8.58%).

Wallingford Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Wallingford, where house values have increased just 7.22%, which is annualized rate of 0.70%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Wallingford's appreciation rate, at 5.59%, has been at or slightly above the national average. In the latest quarter, Wallingford's appreciation rate has been 3.07%, which annualizes to a rate of 12.85%.

Importantly, this makes Wallingford one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Connecticut, our data show that Wallingford's latest annual appreciation rate is higher than 50% 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 Wallingford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wallingford - 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 Wallingford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$297,508

Wallingford, CT HOME PRICES

> $1,106,000
0.2%
0.2%
$829,001 - $1,106,000
0.5%
0.5%
$553,001 - $829,000
4.6%
4.6%
$442,001 - $553,000
7.8%
7.8%
$332,001 - $442,000
21.1%
21.1%
$221,001 - $332,000
43.0%
43.0%
$111,001 - $221,000
18.6%
18.6%
$55,001 - $111,000
2.5%
2.5%
$0 - $55,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for CT

Value Relative To Nation

Number Of Homes And Apartments:
18,664

Wallingford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
51.84% 2.01%
7
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,679 / per month

Homeownership Rate

Owners
70.5%
70.5%
Renters
29.5%
29.5%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.6%
8.6%
1970 - 1999
37.5%
37.5%
1940 - 1969
36.0%
36.0%
1939 or Older
17.9%
17.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.0%
62.0%
Townhomes
6.0%
6.0%
Small Apt. Buildings
15.2%
15.2%
Apt. Complexes
15.7%
15.7%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
13.2%
13.2%
2 Bedrooms
26.1%
26.1%
3 Bedrooms
39.9%
39.9%
4 Bedrooms
16.2%
16.2%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES