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 about Scout's Real Estate Data
With a population of 27,427, 9,725 total housing units (homes and apartments), and a median house value of $1,504,014, 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.
The large homes that make up Westport are primarily owner-occupied ( 88.05%).
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 37.57% of the town's housing hails from this era. Other housing ages represented in Westport include homes built between 1970-1999 ( 25.01%) and housing constructed before 1939 ( 18.92%). There's also some housing in Westport built between 2000 and later ( 18.50%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Westport, where house values have increased just 36.55%, which is annualized rate of 3.16%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Westport's appreciation rate, at 6.49%, has been at or slightly above the national average. In the latest quarter, Westport's appreciation rate has been 0.41%, which annualizes to a rate of 1.64%.
Relative to Connecticut, our data show that Westport's latest annual appreciation rate is lower than 80% 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.
$1,504,014
for Connecticut
for nation
9,725
$3,701 / per month