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 a population of 86,967, 31,692 total housing units (homes and apartments), and a median house value of $494,482, Danbury real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Danbury, accounting for 42.05% of the city's housing units. Other types of housing that are prevalent in Danbury include large apartment complexes or high rise apartments ( 24.50%), duplexes, homes converted to apartments or other small apartment buildings ( 19.71%), and a few row houses and other attached homes ( 12.33%).
People in Danbury primarily live in small (one, two or no bedroom) single-family detached homes. Danbury has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Danbury 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 Danbury built between 1940-1969 ( 28.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.01%). There's also some housing in Danbury built before 1939 ( 16.48%).
Real estate appreciation rates in Danbury's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.45% during the period.
Appreciation rates are so strong in Danbury that despite a nationwide downturn in the housing market, Danbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Danbury appreciation rates continue to be some of the highest in America, at 13.85%, which is higher than appreciation rates in 96.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Danbury. Danbury appreciation rates in the latest quarter were at 1.79%, which equates to an annual appreciation rate of 7.35%.
Relative to Connecticut, our data show that Danbury's latest annual appreciation rate is higher than 90% 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 city. Individual neighborhoods within Danbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Danbury - 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 Danbury real estate investment or home purchase decisions.
$494,482
for Connecticut
for nation
31,692
$3,082 / per month