Friday, November 10, 2006

Housing Report for New Haven County, Connecticut

New Haven County recorded a median home value in 2005 of $245,600, accounted by the American Community Survey. This median is less than the overall State of Connecticut 2005 home median value of $271,500 and greater than median owner-occupied dwelling value of $167,500 across the nation during that year.

In New Haven County, the U.S. Census Bureau, Population Division accounted for a total of 346,893 housing units in the year 2005. This represents a growth in housing units, adding a total of 4,693 residential units since 2001, or 1.4 percent.

The residential home values in New Haven County, Connecticut have seen large increases from the housing values in 2000. The residential values have increased by $93,700, or 61.7 percent, since their values in that year of $151,900.

Throughout the State of Connecticut, New Haven County places 8 of 8 in terms of growth of new housing structures between 2001 and 2005. The county stands 2,411 of 3,141, in terms of residential real estate percentage change change in the United States.

There seems to be a limited amount of affordable housing in New Haven County, Connecticut. In 2005, 10.2 percent of the homes were valued under $125,000.

New Haven County is made up of a relatively high percentage of homes that are high in price. In 2005, the American Community Survey accounted that 9.4 percent of the homes were valued over $500,000.

Data Source: U.S. Census Bureau

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