Waterford, 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

Waterford, CT Housing Market Trends

With a population of 18,746, 7,715 total housing units (homes and apartments), and a median house value of $278,710, Waterford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Waterford, accounting for 85.70% of the town's housing units. Other types of housing that are prevalent in Waterford include large apartment complexes or high rise apartments ( 6.52%), duplexes, homes converted to apartments or other small apartment buildings ( 3.52%), and a few row houses and other attached homes ( 2.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waterford. Owner-occupied housing accounts for 79.81% of Waterford's homes, and 63.60% 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. Waterford's housing was primarily built during this period, from the '40s through the '60s. A full 37.11% of the town's housing hails from this era. Other housing ages represented in Waterford include homes built between 1970-1999 ( 33.84%) and housing constructed before 1939 ( 18.78%). There's also some housing in Waterford built between 2000 and later ( 10.28%).

Waterford Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Waterford, where house values have increased just 5.91%, which is annualized rate of 0.58%. 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, Waterford's appreciation rate, at 5.66%, has been at or slightly above the national average. In the latest quarter, Waterford's appreciation rate has been 2.31%, which annualizes to a rate of 9.57%.

Relative to Connecticut, our data show that Waterford'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 Waterford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waterford - 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 Waterford real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$278,710

Waterford, CT HOME PRICES

> $1,125,000
0.8%
0.8%
$844,001 - $1,125,000
1.8%
1.8%
$562,001 - $844,000
2.5%
2.5%
$450,001 - $562,000
9.0%
9.0%
$337,001 - $450,000
18.4%
18.4%
$225,001 - $337,000
39.0%
39.0%
$113,001 - $225,000
26.1%
26.1%
$56,001 - $113,000
1.1%
1.1%
$0 - $56,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for CT

Value Relative To Nation

Number Of Homes And Apartments:
7,715

Waterford 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
55.27% 2.12%
8
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,842 / per month

Homeownership Rate

Owners
79.8%
79.8%
Renters
20.2%
20.2%
Vacant
8.4%
8.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
10.3%
10.3%
1970 - 1999
33.8%
33.8%
1940 - 1969
37.1%
37.1%
1939 or Older
18.8%
18.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.7%
85.7%
Townhomes
2.7%
2.7%
Small Apt. Buildings
3.5%
3.5%
Apt. Complexes
6.5%
6.5%
Mobile Homes
1.6%
1.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
6.8%
6.8%
2 Bedrooms
24.9%
24.9%
3 Bedrooms
43.0%
43.0%
4 Bedrooms
20.6%
20.6%
5 or more bedrooms
3.7%
3.7%
0.0% 100.0%
% OF HOMES