Housing Report for Litchfield County, Connecticut
In Litchfield County, the real estate market was made up of 82,375 housing units in the year 2005. This represents a growth in housing units, adding in all 2,406 residential units since 2001, or 3 percent.
The residential real estate values in Litchfield County, Connecticut have seen large increases from the housing values in 2000. The residential values have increased by $97,600, or 62.3 percent, since 2000 when they were valued at $156,600.
Litchfield County recorded median owner-occupied home value in the year 2005 of $254,200, accounted by the American Community Survey. This is less than the Connecticut 2005 home median value of $271,500 and greater than home value of $167,500 across the United States during the same year.
Litchfield County can be understood as having a relatively high percentage of high-priced residential real estate. In 2005, the American Community Survey counted that 14.6 percent residential property is valued over $500k.
There seems to be a limited amount of housing that is affordable in Litchfield County, Connecticut. In 2005, 8.5 percent of the homes were valued under $125,000.
When compared to other counties in Connecticut, Litchfield County ranks 5 of 8 by percentage growth in residential real estate. The county is positioned 1,380 of 3,141, when comparing thee change in housing structures in counties throughout the nation.
Data Source: U.S. Census Bureau
The residential real estate values in Litchfield County, Connecticut have seen large increases from the housing values in 2000. The residential values have increased by $97,600, or 62.3 percent, since 2000 when they were valued at $156,600.
Litchfield County recorded median owner-occupied home value in the year 2005 of $254,200, accounted by the American Community Survey. This is less than the Connecticut 2005 home median value of $271,500 and greater than home value of $167,500 across the United States during the same year.
Litchfield County can be understood as having a relatively high percentage of high-priced residential real estate. In 2005, the American Community Survey counted that 14.6 percent residential property is valued over $500k.
There seems to be a limited amount of housing that is affordable in Litchfield County, Connecticut. In 2005, 8.5 percent of the homes were valued under $125,000.
When compared to other counties in Connecticut, Litchfield County ranks 5 of 8 by percentage growth in residential real estate. The county is positioned 1,380 of 3,141, when comparing thee change in housing structures in counties throughout the nation.
Data Source: U.S. Census Bureau
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