Housing Report for New Haven-Milford

New Haven-Milford had an owner-occupied dwelling median in 2005 of $245,600, according to the American Community Survey. This home value is less than the overall State of Connecticut 2005 home median value of $271,500 and greater than median home value of $167,500 for the United States in the same year.

In New Haven-Milford, there were a total of 346,893 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding a total of 4,693 residential structures since 2001, a change of 1.4 percent.

Looking across the State of Connecticut, New Haven-Milford is positioned 4 of the 4 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 342 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

New Haven-Milford has a relatively high proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 9.4 percent of owner-occupied dwellings were valued over a half a million dollars.

According to the data, there is a limited amount affordable residential real estate in New Haven-Milford, Connecticut. In 2005, only 10.2 percent of the homes were valued under $125,000.



Data Source: U.S. Census Bureau