Granby, CT Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Granby, CT Housing Market Trends

With a population of 11,507, 4,147 total housing units (homes and apartments), and a median house value of $410,930, real estate costs in Granby are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in Granby, accounting for 90.59% of the town's housing units. Other types of housing that are prevalent in Granby include row houses and other attached homes ( 4.52%), large apartment complexes or high rise apartments ( 3.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Granby. Owner-occupied housing accounts for 89.34% of Granby's homes, and 76.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Granby 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 Granby built between 1940-1969 ( 30.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.82%). There's also some housing in Granby built before 1939 ( 9.44%).

Granby Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Granby, where house values have increased just 14.04%, which is annualized rate of 1.32%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Granby's appreciation rate, at 9.03%, has been at or slightly above the national average. In the latest quarter, Granby's appreciation rate has been 3.30%, which annualizes to a rate of 13.85%.

Relative to Connecticut, our data show that Granby's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$410,930

Granby, CT HOME PRICES

> $1,139,000
0.5%
0.5%
$854,001 - $1,139,000
2.5%
2.5%
$569,001 - $854,000
11.7%
11.7%
$456,001 - $569,000
10.5%
10.5%
$342,001 - $456,000
28.7%
28.7%
$228,001 - $342,000
34.6%
34.6%
$114,001 - $228,000
9.3%
9.3%
$57,001 - $114,000
0.7%
0.7%
$0 - $57,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CT

Value Relative To Nation

Number Of Homes And Apartments:
4,147

Granby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
46.53% 1.79%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,514 / per month

Homeownership Rate

Owners
89.3%
89.3%
Renters
10.7%
10.7%
Vacant
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.8%
12.8%
1970 - 1999
47.7%
47.7%
1940 - 1969
30.1%
30.1%
1939 or Older
9.4%
9.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
90.6%
90.6%
Townhomes
4.5%
4.5%
Small Apt. Buildings
1.9%
1.9%
Apt. Complexes
3.0%
3.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
5.0%
5.0%
2 Bedrooms
10.3%
10.3%
3 Bedrooms
45.9%
45.9%
4 Bedrooms
30.2%
30.2%
5 or more bedrooms
7.9%
7.9%
0.0% 100.0%
% OF HOMES