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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Wethersfield, 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Wethersfield, CT Housing Market Trends

With 27,129 people, 11,411 houses or apartments, and a median cost of homes of $364,940, Wethersfield real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wethersfield, accounting for 74.14% of the town's housing units. Other types of housing that are prevalent in Wethersfield include large apartment complexes or high rise apartments ( 11.62%), duplexes, homes converted to apartments or other small apartment buildings ( 7.95%), and a few row houses and other attached homes ( 6.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wethersfield. Owner-occupied housing accounts for 79.88% of Wethersfield's homes, and 65.34% 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. Wethersfield's housing was primarily built during this period, from the '40s through the '60s. A full 50.31% of the town's housing hails from this era. Other housing ages represented in Wethersfield include homes built between 1970-1999 ( 24.29%) and housing constructed before 1939 ( 21.70%). There's also some housing in Wethersfield built between 2000 and later ( 3.70%).

Wethersfield Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Wethersfield, where house values have increased just 43.06%, which is annualized rate of 3.65%. 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, Wethersfield's appreciation rate, at 4.71%, has been at or slightly above the national average. In the latest quarter, Wethersfield's appreciation rate has been 7.03%, which annualizes to a rate of 31.22%.

Importantly, NeighborhoodScout’s exclusive research found that Wethersfield's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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

Average Home Values

Median Home Value

$364,940

Wethersfield, CT Home Prices
> $1,300,000
$975,001 - $1,300,000
$650,001 - $975,000
$520,001 - $650,000
$390,001 - $520,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
0.2%
0.2%
0.2%
0.2%
2.7%
2.7%
8.2%
8.2%
23.6%
23.6%
43.7%
43.7%
18.8%
18.8%
1.1%
1.1%
1.4%
1.4%
0% 100.0%
% of Homes
Low

for Connecticut

High

for nation

Number of Homes And Apartments:

11,411

Wethersfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,185 / per month

Homeownership Rate

Owners
Renters
Vacant
79.9%
79.9%
20.1%
20.1%
3.9%
3.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.7%
3.7%
24.3%
24.3%
50.3%
50.3%
21.7%
21.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.1%
74.1%
6.3%
6.3%
8.0%
8.0%
11.6%
11.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
11.3%
11.3%
19.8%
19.8%
44.3%
44.3%
21.0%
21.0%
1.9%
1.9%
0% 100.0%
% of Homes