Wolcott, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wolcott Neighborhoods Since 2000




Wolcott, 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

Wolcott Housing Market Information

With 16,673 people, 5,746 houses or apartments, and a median cost of homes of $257,256, Wolcott real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wolcott, accounting for 85.12% of the town's housing units. Other types of housing that are prevalent in Wolcott include duplexes, homes converted to apartments or other small apartment buildings ( 6.80%), large apartment complexes or high rise apartments ( 5.74%), and a few row houses and other attached homes ( 2.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wolcott. Owner-occupied housing accounts for 85.60% of Wolcott's homes, and 73.01% 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. Wolcott's housing was primarily built during this period, from the '40s through the '60s. A full 46.86% of the town's housing hails from this era. Other housing ages represented in Wolcott include homes built between 1970-1999 ( 34.62%) and housing constructed between 2000 and later ( 10.23%). There's also some housing in Wolcott built before 1939 ( 8.29%).

Wolcott Home Appreciation Rates

Homes have actually lost value in Wolcott over the last then years, as home values have seen a decline of 20.12% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wolcott home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

Over the last year, Wolcott appreciation rates have trailed the rest of the nation. In the last twelve months, Wolcott's appreciation rate has been -0.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wolcott were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Connecticut, our data show that Wolcott's latest annual appreciation rate is higher than 50% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$257,256

Wolcott, CT HOME PRICES

Value Range
> $1,008,000 1.9
$756,001 - $1,008,000 0.2
$504,001 - $756,000 2.9
$403,001 - $504,000 8.7
$302,001 - $403,000 16.3
$202,001 - $302,000 39.1
$101,001 - $202,000 25.8
$50,001 - $101,000 1.8
$0 - $50,000 3.3

Average for CT
High for Nation

Value Relative to Nation Value Relative to State
21.4520098441345 60.3550295857988

Number Of Homes And Apartments:
5,746

Wolcott 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
32.32% 1.64% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,082 / per month

Homeownership Rate

Homeownership
Owners 85.60
Renters 14.40
Vacant 4.91

Housing Market Details

 

Age of Homes

AGE OF Wolcott HOMES
2000 or Newer 10.2
1970 - 1999 34.6
1940 - 1969 46.9
1939 or Older 8.3

Types of Homes

TYPE OF Wolcott HOMES
Single-Family 85.1
Townhomes 2.3
Small Apt. Buildings 6.8
Apt. Complexes 5.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wolcott HOMES
No Bedroom 0.93
1 Bedroom 5.97
2 Bedrooms 16.27
3 Bedrooms 55.06
4 Bedrooms 17.95
5 or more bedrooms 3.82