Friday, November 10, 2006

Housing Report for Tolland County, Connecticut

The State of Connecticut, Tolland County places 1 of 8 in terms of growth of new housing structures between 2001 and 2005. The county stands 908 of 3,141, in terms of residential real estate percentage change change in the United States.

Tolland County recorded a median home value in 2005 of $229,000, accounted by the American Community Survey. This median is less than the State of 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.

In Tolland County, the U.S. Census Bureau, Population Division accounted for a total of 54,764 housing structures in 2005. The area has seen growth in housing units, adding a sum of 2,455 homes since 2001, or 4.7 percent.

The owner-occupied dwellings in Tolland County, Connecticut have seen large increases since the Census values accounted for in the year 2000. The values have increased by $77,400, or 51.1 percent, from their 2000 value of $151,600.

Tolland County is made up of a medium proportion of high-valued homes. In 2005, the American Community Survey accounted that 3.9 percent of the homes were valued over $500,000.

There is a limited amount of housing that is affordable in Tolland County, Connecticut. In 2005, 7.9 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

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