Southbury, 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

Southbury, CT Housing Market Trends

With a population of 19,571, 7,966 total housing units (homes and apartments), and a median house value of $471,319, Southbury house prices are not only among the most expensive in Connecticut, Southbury real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Southbury, accounting for 57.42% of the town's housing units. Other types of housing that are prevalent in Southbury include duplexes, homes converted to apartments or other small apartment buildings ( 17.50%), row houses and other attached homes ( 15.39%), and a few large apartment complexes or high rise apartments ( 9.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southbury. Owner-occupied housing accounts for 83.24% of Southbury's homes, and 52.75% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Southbury 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 Southbury built between 1940-1969 ( 20.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.10%). There's also some housing in Southbury built before 1939 ( 7.40%).

Southbury Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Southbury, where house values have increased just 18.46%, which is annualized rate of 1.71%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Southbury that despite a nationwide downturn in the housing market, Southbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Southbury appreciation rates continue to be some of the highest in America, at 12.82%, which is higher than appreciation rates in 88.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Southbury. Southbury appreciation rates in the latest quarter were at 3.70%, which equates to an annual appreciation rate of 15.63%.

Importantly, this makes Southbury one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$471,319

Southbury, CT HOME PRICES

> $1,244,000
1.5%
1.5%
$933,001 - $1,244,000
1.3%
1.3%
$622,001 - $933,000
10.5%
10.5%
$498,001 - $622,000
19.5%
19.5%
$373,001 - $498,000
26.0%
26.0%
$249,001 - $373,000
17.1%
17.1%
$124,001 - $249,000
18.1%
18.1%
$62,001 - $124,000
5.8%
5.8%
$0 - $62,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CT

Value Relative To Nation

Number Of Homes And Apartments:
7,966

Southbury 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
43.20% 1.68%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,188 / per month

Homeownership Rate

Owners
83.2%
83.2%
Renters
16.8%
16.8%
Vacant
9.3%
9.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.1%
9.1%
1970 - 1999
63.3%
63.3%
1940 - 1969
20.2%
20.2%
1939 or Older
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.4%
57.4%
Townhomes
15.4%
15.4%
Small Apt. Buildings
17.5%
17.5%
Apt. Complexes
9.4%
9.4%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
11.6%
11.6%
2 Bedrooms
30.3%
30.3%
3 Bedrooms
26.4%
26.4%
4 Bedrooms
26.3%
26.3%
5 or more bedrooms
3.9%
3.9%
0.0% 100.0%
% OF HOMES