Weston CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Weston, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Weston Housing Market Information

With 10,252 people, 3,473 houses or apartments, and a median cost of homes of $788,937, Weston house prices are not only among the most expensive in Connecticut, Weston real estate also is some of the most expensive in all of America.

Weston is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Weston than is found in 98% of the communities in America.

The large homes that make up Weston are primarily owner-occupied ( 95.85%).

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. Weston's housing was primarily built during this period, from the '40s through the '60s. A full 41.57% of the town's housing hails from this era. Other housing ages represented in Weston include homes built between 1970-1999 ( 34.71%) and housing constructed before 1939 ( 14.63%). There's also some housing in Weston built between 2000 and later ( 9.09%).

Vacant housing appears to be an issue in Weston. Fully 11.81% of the housing stock is classified as vacant. Left unchecked, vacant Weston homes and apartments can be a drag on the real estate market, holding Weston 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.

Weston Home Appreciation Rates

Homes have actually lost value in Weston over the last then years, as home values have seen a decline of 4.03% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Weston home appreciation rates at 0.93%, which equates to an annual appreciation rate of 3.77%.

Over the last year, Weston appreciation rates have trailed the rest of the nation. In the last twelve months, Weston's appreciation rate has been 1.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Weston were at 0.93%, which equates to an annual appreciation rate of 3.77%.

Relative to Connecticut, our data show that Weston's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$788,937

Weston, CT HOME PRICES

Value Range
> $961,000 35.8
$721,001 - $961,000 28.5
$481,001 - $721,000 26.1
$384,001 - $481,000 4.1
$288,001 - $384,000 2.4
$192,001 - $288,000 1.5
$96,001 - $192,000 0.8
$48,001 - $96,000 0.0
$0 - $48,000 0.8

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
2.58102189781022 3.55029585798817

Number Of Homes And Apartments:
3,473

Weston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
12.75% 0.58%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,301 / per month

Homeownership Rate

Homeownership
Owners 95.85
Renters 4.15
Vacant 11.81

Housing Market Details

 

Age of Homes

AGE OF Weston HOMES
2000 or Newer 9.1
1970 - 1999 34.7
1940 - 1969 41.6
1939 or Older 14.6

Types of Homes

TYPE OF Weston HOMES
Single-Family 99.1
Townhomes 0.5
Small Apt. Buildings 0.0
Apt. Complexes 0.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Weston HOMES
No Bedroom 0.89
1 Bedroom 1.19
2 Bedrooms 5.21
3 Bedrooms 18.82
4 Bedrooms 45.53
5 or more bedrooms 28.36