West Haven, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating West Haven Neighborhoods Since 2000




West Haven, 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 Haven Housing Market Information

With a population of 54,927, 20,137 total housing units (homes and apartments), and a median house value of $189,264, West Haven real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, West Haven homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in West Haven, accounting for 47.18% of the city's housing units. Other types of housing that are prevalent in West Haven include large apartment complexes or high rise apartments ( 24.66%), duplexes, homes converted to apartments or other small apartment buildings ( 23.14%), and a few row houses and other attached homes ( 4.44%).

People in West Haven primarily live in small (one, two or no bedroom) single-family detached homes. West Haven has a mixture of owner-occupied and renter-occupied housing.

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 Haven's housing was primarily built during this period, from the '40s through the '60s. A full 40.38% of the city's housing hails from this era. Other housing ages represented in West Haven include homes built before 1939 ( 29.21%) and housing constructed between 1970-1999 ( 28.36%). There's also some housing in West Haven built between 2000 and later ( 2.04%).

West Haven Home Appreciation Rates

Homes have actually lost value in West Haven over the last then years, as home values have seen a decline of 29.27% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows West Haven home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

Over the last year, West Haven appreciation rates have trailed the rest of the nation. In the last twelve months, West Haven's appreciation rate has been 0.10%, 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 Haven were at -0.47%, which equates to an annual appreciation rate of -1.86%.

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

Average Home Values

 

Median Home Value:
$189,264

West Haven, CT HOME PRICES

Value Range
> $997,000 0.8
$748,001 - $997,000 0.2
$499,001 - $748,000 0.6
$399,001 - $499,000 1.3
$299,001 - $399,000 8.0
$199,001 - $299,000 34.3
$100,001 - $199,000 45.1
$50,001 - $100,000 7.1
$0 - $50,000 2.7

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
35.090237899918 88.1656804733728

Number Of Homes And Apartments:
20,137

West Haven 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
32.14% 1.63% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,425 / per month

Homeownership Rate

Homeownership
Owners 52.12
Renters 47.88
Vacant 9.66

Housing Market Details

 

Age of Homes

AGE OF West Haven HOMES
2000 or Newer 2.0
1970 - 1999 28.4
1940 - 1969 40.4
1939 or Older 29.2

Types of Homes

TYPE OF West Haven HOMES
Single-Family 47.2
Townhomes 4.4
Small Apt. Buildings 23.1
Apt. Complexes 24.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF West Haven HOMES
No Bedroom 2.44
1 Bedroom 19.44
2 Bedrooms 31.22
3 Bedrooms 37.55
4 Bedrooms 7.02
5 or more bedrooms 2.34