Waterford, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waterford, 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

Waterford Housing Market Information

With a population of 19,281, 7,839 total housing units (homes and apartments), and a median house value of $247,602, 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 87.21% of the town's housing units. Other types of housing that are prevalent in Waterford include large apartment complexes or high rise apartments ( 5.96%), row houses and other attached homes ( 2.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.72%).

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 82.85% of Waterford's homes, and 65.38% 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 39.38% of the town's housing hails from this era. Other housing ages represented in Waterford include homes built between 1970-1999 ( 31.40%) and housing constructed before 1939 ( 20.99%). There's also some housing in Waterford built between 2000 and later ( 8.23%).

Vacant housing appears to be an issue in Waterford. Fully 10.19% of the housing stock is classified as vacant. Left unchecked, vacant Waterford homes and apartments can be a drag on the real estate market, holding Waterford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Waterford Home Appreciation Rates

Homes have actually lost value in Waterford over the last then years, as home values have seen a decline of 22.41% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Waterford home appreciation rates at -1.34%, which equates to an annual appreciation rate of -5.24%.

Over the last year, Waterford appreciation rates have trailed the rest of the nation. In the last twelve months, Waterford's appreciation rate has been -0.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waterford were at -1.34%, which equates to an annual appreciation rate of -5.24%.

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

Relative to Connecticut, our data show that Waterford's latest annual appreciation rate is lower 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 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

 

Median Home Value:
$247,602

Waterford, CT HOME PRICES

Value Range
> $977,000 1.1
$733,001 - $977,000 2.0
$489,001 - $733,000 6.0
$391,001 - $489,000 8.1
$293,001 - $391,000 16.1
$195,001 - $293,000 37.1
$98,001 - $195,000 25.0
$49,001 - $98,000 2.2
$0 - $49,000 2.4

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
22.9344896285011 68.0473372781065

Number Of Homes And Apartments:
7,839

Waterford 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
31.36% 1.59% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,336 / per month

Homeownership Rate

Homeownership
Owners 82.85
Renters 17.15
Vacant 10.19

Housing Market Details

 

Age of Homes

AGE OF Waterford HOMES
2000 or Newer 8.2
1970 - 1999 31.4
1940 - 1969 39.4
1939 or Older 21.0

Types of Homes

TYPE OF Waterford HOMES
Single-Family 87.2
Townhomes 3.0
Small Apt. Buildings 2.7
Apt. Complexes 6.0
Mobile Homes 1.0
Other 0.2

Home Size

SIZE OF Waterford HOMES
No Bedroom 0.95
1 Bedroom 5.73
2 Bedrooms 24.20
3 Bedrooms 44.84
4 Bedrooms 20.53
5 or more bedrooms 3.75