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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 27,899 people, 9,740 houses or apartments, and a median cost of homes of $1,181,219, Westport house prices are not only among the most expensive in Connecticut, Westport real estate also is some of the most expensive in all of America.
Westport is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Westport than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westport. Owner-occupied housing accounts for 84.83% of Westport's homes, and 59.97% 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. Westport's housing was primarily built during this period, from the '40s through the '60s. A full 43.23% of the town's housing hails from this era. Other housing ages represented in Westport include homes built between 1970-1999 ( 25.97%) and housing constructed before 1939 ( 18.61%). There's also some housing in Westport built between 2000 and later ( 12.19%).
Appreciation rates for homes in Westport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.63%, which ranks in the top 50% nationwide. This equates to an annual average Westport house appreciation rate of 0.16%.
Over the last year, Westport appreciation rates have trailed the rest of the nation. In the last twelve months, Westport's appreciation rate has been 1.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westport were at -1.81%, which equates to an annual appreciation rate of -7.04%.
Notably, Westport's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Westport's latest annual appreciation rate is higher than 70% 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 Westport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Westport - 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 Westport real estate investment or home purchase decisions.
|$815,001 - $1,087,000||20.1|
|$543,001 - $815,000||15.6|
|$435,001 - $543,000||4.1|
|$326,001 - $435,000||1.8|
|$217,001 - $326,000||2.5|
|$108,001 - $217,000||1.9|
|$54,001 - $108,000||0.4|
|$0 - $54,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Westport HOMES|
|2000 or Newer||12.2|
|1970 - 1999||26.0|
|1940 - 1969||43.2|
|1939 or Older||18.6|
|TYPE OF Westport HOMES|
|Small Apt. Buildings||5.4|
|SIZE OF Westport HOMES|
|5 or more bedrooms||21.82|