Wethersfield, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wethersfield Neighborhoods Since 2000




Wethersfield, CT Real Estate Data


Wethersfield Housing Market Information

With a population of 26,367, 10,853 total housing units (homes and apartments), and a median house value of $273,071, Wethersfield real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wethersfield, accounting for 74.29% of the town's housing units. Other types of housing that are prevalent in Wethersfield include large apartment complexes or high rise apartments ( 12.35%), duplexes, homes converted to apartments or other small apartment buildings ( 8.80%), and a few row houses and other attached homes ( 4.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wethersfield. Owner-occupied housing accounts for 78.51% of Wethersfield's homes, and 63.12% 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. Wethersfield's housing was primarily built during this period, from the '40s through the '60s. A full 48.76% of the town's housing hails from this era. Other housing ages represented in Wethersfield include homes built between 1970-1999 ( 29.53%) and housing constructed before 1939 ( 19.02%). There's also some housing in Wethersfield built between 2000 and later ( 2.69%).

Wethersfield Home Appreciation Rates

Wethersfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wethersfield during the period has been just -0.95%, which is lower than 70% of US communities.

Over the last year, Wethersfield appreciation rates have trailed the rest of the nation. In the last twelve months, Wethersfield's appreciation rate has been 2.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wethersfield were at 0.71%, which equates to an annual appreciation rate of 2.86%.

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

Relative to Connecticut, our data show that Wethersfield's latest annual appreciation rate is lower than 60% 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 Wethersfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wethersfield - 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 Wethersfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$273,071

Wethersfield, CT HOME PRICES

Value Range
> $1,032,000 0.3
$775,001 - $1,032,000 0.2
$516,001 - $775,000 3.3
$413,001 - $516,000 6.8
$310,001 - $413,000 20.6
$207,001 - $310,000 46.7
$103,001 - $207,000 17.5
$52,001 - $103,000 2.0
$0 - $52,000 2.6

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
19.8746852491655 58.5798816568047

Number Of Homes And Apartments:
10,853

Rent & Ownership

 

Average Market Rent:
$1,105 / per month

Homeownership Rate

Homeownership
Owners 78.51
Renters 21.49
Vacant 3.88

Housing Market Details

 

Age of Homes

AGE OF Wethersfield HOMES
2000 or Newer 2.7
1970 - 1999 29.5
1940 - 1969 48.8
1939 or Older 19.0

Types of Homes

TYPE OF Wethersfield HOMES
Single-Family 74.3
Townhomes 4.6
Small Apt. Buildings 8.8
Apt. Complexes 12.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wethersfield HOMES
No Bedroom 0.24
1 Bedroom 11.22
2 Bedrooms 22.44
3 Bedrooms 44.20
4 Bedrooms 18.92
5 or more bedrooms 2.98

Wethersfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
35.94% 1.82% 7 4
* 10 is highest