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 15,709 people, 6,110 houses or apartments, and a median cost of homes of $115,541, house prices in New Haven are solidly below the national average.
Single-family detached homes are the single most common housing type in New Haven, accounting for 75.78% of the city's housing units. Other types of housing that are prevalent in New Haven include mobile homes or trailers ( 10.12%), large apartment complexes or high rise apartments ( 9.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.97%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Haven. Owner-occupied housing accounts for 73.26% of New Haven's homes, and 68.99% 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. New Haven's housing was primarily built during this period, from the '40s through the '60s. A full 38.81% of the city's housing hails from this era. Other housing ages represented in New Haven include homes built between 1970-1999 ( 37.21%) and housing constructed between 2000 and later ( 16.38%). There's also some housing in New Haven built before 1939 ( 7.60%).
New Haven's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Haven during the period has been just -0.87%, which is lower than 70% of US communities.
Over the last year, New Haven appreciation rates have trailed the rest of the nation. In the last twelve months, New Haven's appreciation rate has been 0.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Haven were at -1.88%, which equates to an annual appreciation rate of -7.30%.
Notably, New Haven's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that New Haven's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Haven - 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 New Haven real estate investment or home purchase decisions.
|$792,001 - $1,056,000||0.0|
|$528,001 - $792,000||0.5|
|$422,001 - $528,000||0.1|
|$317,001 - $422,000||0.1|
|$211,001 - $317,000||4.2|
|$106,001 - $211,000||36.7|
|$53,001 - $106,000||45.3|
|$0 - $53,000||12.6|
|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 New Haven HOMES|
|2000 or Newer||16.4|
|1970 - 1999||37.2|
|1940 - 1969||38.8|
|1939 or Older||7.6|
|TYPE OF New Haven HOMES|
|Small Apt. Buildings||3.0|
|SIZE OF New Haven HOMES|
|5 or more bedrooms||3.11|