West Hartford, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating West Hartford Neighborhoods Since 2000




West Hartford, 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

West Hartford Housing Market Information

With 63,053 people, 24,935 houses or apartments, and a median cost of homes of $308,524, West Hartford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in West Hartford, accounting for 66.56% of the town's housing units. Other types of housing that are prevalent in West Hartford include large apartment complexes or high rise apartments ( 19.38%), duplexes, homes converted to apartments or other small apartment buildings ( 10.75%), and a few row houses and other attached homes ( 3.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Hartford. Owner-occupied housing accounts for 69.80% of West Hartford's homes, and 56.61% 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. West Hartford's housing was primarily built during this period, from the '40s through the '60s. A full 54.32% of the town's housing hails from this era. Other housing ages represented in West Hartford include homes built before 1939 ( 26.70%) and housing constructed between 1970-1999 ( 14.80%). There's also some housing in West Hartford built between 2000 and later ( 4.17%).

West Hartford Home Appreciation Rates

West Hartford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Hartford during the period has been just -0.91%, which is lower than 70% of US communities.

Over the last year, West Hartford appreciation rates have trailed the rest of the nation. In the last twelve months, West Hartford's appreciation rate has been -0.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Hartford were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

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

Average Home Values

 

Median Home Value:
$308,524

West Hartford, CT HOME PRICES

Value Range
> $1,007,000 1.6
$756,001 - $1,007,000 2.5
$504,001 - $756,000 9.0
$403,001 - $504,000 14.1
$302,001 - $403,000 22.7
$201,001 - $302,000 35.1
$100,001 - $201,000 11.5
$50,001 - $100,000 1.1
$0 - $50,000 2.3

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
15.5865463494668 36.6863905325444

Number Of Homes And Apartments:
24,935

West Hartford 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
42.76% 2.09% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,566 / per month

Homeownership Rate

Homeownership
Owners 69.80
Renters 30.20
Vacant 5.05

Housing Market Details

 

Age of Homes

AGE OF West Hartford HOMES
2000 or Newer 4.2
1970 - 1999 14.8
1940 - 1969 54.3
1939 or Older 26.7

Types of Homes

TYPE OF West Hartford HOMES
Single-Family 66.6
Townhomes 3.0
Small Apt. Buildings 10.8
Apt. Complexes 19.4
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF West Hartford HOMES
No Bedroom 1.48
1 Bedroom 11.34
2 Bedrooms 23.40
3 Bedrooms 37.91
4 Bedrooms 18.69
5 or more bedrooms 7.17