Newington, 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

Newington, CT Housing Market Trends

With 30,014 people, 12,366 houses or apartments, and a median cost of homes of $280,858, Newington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Newington, accounting for 64.03% of the town's housing units. Other types of housing that are prevalent in Newington include large apartment complexes or high rise apartments ( 17.88%), row houses and other attached homes ( 11.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newington. Owner-occupied housing accounts for 76.94% of Newington's homes, and 56.46% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Newington's housing was primarily built during this period, from the '40s through the '60s. A full 45.20% of the town's housing hails from this era. Other housing ages represented in Newington include homes built between 1970-1999 ( 37.90%) and housing constructed before 1939 ( 9.14%). There's also some housing in Newington built between 2000 and later ( 7.76%).

Newington Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Newington, where house values have increased just 17.70%, which is annualized rate of 1.64%. 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, Newington's appreciation rate, at 9.64%, has been at or slightly above the national average. In the latest quarter, Newington's appreciation rate has been 3.29%, which annualizes to a rate of 13.82%.

Relative to Connecticut, our data show that Newington's latest annual appreciation rate is lower than 80% 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 Newington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newington - 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 Newington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$280,858

Newington, CT HOME PRICES

> $1,178,000
0.3%
0.3%
$883,001 - $1,178,000
0.2%
0.2%
$589,001 - $883,000
1.1%
1.1%
$471,001 - $589,000
2.7%
2.7%
$354,001 - $471,000
14.2%
14.2%
$236,001 - $354,000
47.2%
47.2%
$118,001 - $236,000
30.4%
30.4%
$59,001 - $118,000
2.9%
2.9%
$0 - $59,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for CT

Value Relative To Nation

Number Of Homes And Apartments:
12,366

Newington 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
57.29% 2.13%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,808 / per month

Homeownership Rate

Owners
76.9%
76.9%
Renters
23.1%
23.1%
Vacant
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.8%
7.8%
1970 - 1999
37.9%
37.9%
1940 - 1969
45.2%
45.2%
1939 or Older
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.0%
64.0%
Townhomes
11.1%
11.1%
Small Apt. Buildings
6.9%
6.9%
Apt. Complexes
17.9%
17.9%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
9.2%
9.2%
2 Bedrooms
31.7%
31.7%
3 Bedrooms
43.5%
43.5%
4 Bedrooms
12.9%
12.9%
5 or more bedrooms
1.5%
1.5%
0.0% 100.0%
% OF HOMES