Wallingford, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wallingford, 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

Wallingford Housing Market Information

With 44,893 people, 17,692 houses or apartments, and a median cost of homes of $246,347, 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 60.72% of the town's housing units. Other types of housing that are prevalent in Wallingford include large apartment complexes or high rise apartments ( 16.62%), duplexes, homes converted to apartments or other small apartment buildings ( 14.97%), and a few row houses and other attached homes ( 6.35%).

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 72.98% of Wallingford's homes, and 53.39% 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 ( 34.16%). A lesser amount of the housing stock also hails from before 1939 ( 18.93%). There's also some housing in Wallingford built between 2000 and later ( 8.01%).

Wallingford Home Appreciation Rates

Wallingford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wallingford during the period has been just -1.94%, which is lower than 80% of US communities.

Over the last year, Wallingford appreciation rates have trailed the rest of the nation. In the last twelve months, Wallingford's appreciation rate has been 0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wallingford were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Connecticut, our data show that Wallingford's latest annual appreciation rate is higher 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 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:
$246,347

Wallingford, CT HOME PRICES

Value Range
> $1,008,000 0.7
$756,001 - $1,008,000 0.5
$504,001 - $756,000 3.9
$403,001 - $504,000 8.1
$302,001 - $403,000 19.7
$202,001 - $302,000 41.6
$101,001 - $202,000 19.6
$50,001 - $101,000 3.3
$0 - $50,000 2.7

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
23.121996953006 68.6390532544379

Number Of Homes And Apartments:
17,692

Wallingford 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
33.98% 1.71% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,374 / per month

Homeownership Rate

Homeownership
Owners 72.98
Renters 27.02
Vacant 8.24

Housing Market Details

 

Age of Homes

AGE OF Wallingford HOMES
2000 or Newer 8.0
1970 - 1999 38.9
1940 - 1969 34.2
1939 or Older 18.9

Types of Homes

TYPE OF Wallingford HOMES
Single-Family 60.7
Townhomes 6.3
Small Apt. Buildings 15.0
Apt. Complexes 16.6
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Wallingford HOMES
No Bedroom 2.25
1 Bedroom 15.47
2 Bedrooms 26.05
3 Bedrooms 37.31
4 Bedrooms 16.08
5 or more bedrooms 2.85