Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 28,148 people, 13,087 houses or apartments, and a median cost of homes of $458,034, Branford real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Branford, accounting for 54.08% of the town's housing units. Other types of housing that are prevalent in Branford include large apartment complexes or high rise apartments ( 17.25%), duplexes, homes converted to apartments or other small apartment buildings ( 14.75%), and a few row houses and other attached homes ( 13.52%).
Dwellings in Branford tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.28% of the homes in Branford have two or fewer bedrooms.
There is a lot of housing in Branford built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Branford built between 1940-1969 ( 26.43%). A lesser amount of the housing stock also hails from before 1939 ( 19.46%). There's also some housing in Branford built between 2000 and later ( 7.04%).
Branford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Branford during the period has been just 5.14%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Branford's appreciation rate, at 7.37%, has been at or slightly above the national average. In the latest quarter, Branford's appreciation rate has been 0.95%, which annualizes to a rate of 3.86%.
Relative to Connecticut, our data show that Branford's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Branford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Branford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Branford real estate investment or home purchase decisions.
$458,034
for Connecticut
for nation
13,087
$2,496 / per month