Friday, November 10, 2006

Housing Report for Middlesex County, Connecticut

In Middlesex County, there were a total of 71,037 homes in 2005. The county has experienced a growth in housing units, adding a sum of 2,844 residential units since 2001, or 4.2 percent.

The owner-occupied dwellings in Middlesex County, Connecticut have seen large increases since their reported values in 2000. The values have increased by $99,600, or 60 percent, from their 2000 value of $166,000.

Middlesex County had a median home value in the year 2005 of $265,600, reported by the American Community Survey. This value is less than the overall Connecticut 2005 median home value of $271,500 and greater than median owner-occupied dwelling value of $167,500 for the United States in the same year.

Middlesex County can be understood as having a relatively high proportion of high-valued homes. In 2005, the American Community Survey reports that 9.1 percent of the homes were valued over $500,000.

There seems to be a limited amount affordable residential real estate in Middlesex County, Connecticut. In 2005, 7.8 percent of the homes were valued under $125,000.

Throughout the State of Connecticut, Middlesex County places 2 of 8 by percent in growth of new residential structures. The county places 1,018 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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