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 5,218 people, 1,947 houses or apartments, and a median cost of homes of $449,413, East Granby real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in East Granby, accounting for 73.67% of the town's housing units. Other types of housing that are prevalent in East Granby include large apartment complexes or high rise apartments ( 12.90%), row houses and other attached homes ( 7.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Granby. Owner-occupied housing accounts for 81.39% of East Granby's homes, and 60.06% 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. East Granby's housing was primarily built during this period, from the '40s through the '60s. A full 41.62% of the town's housing hails from this era. Other housing ages represented in East Granby include homes built between 1970-1999 ( 37.32%) and housing constructed between 2000 and later ( 16.71%). There's also some housing in East Granby built before 1939 ( 4.34%).
Vacant housing appears to be an issue in East Granby. Fully 13.70% of the housing stock is classified as vacant. Left unchecked, vacant East Granby homes and apartments can be a drag on the real estate market, holding East Granby real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in East Granby, where house values have increased just 55.76%, which is annualized rate of 4.53%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, East Granby appreciation rates have trailed the rest of the nation. In the last twelve months, East Granby's appreciation rate has been 5.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Granby were at 2.73%, which equates to an annual appreciation rate of 11.36%.
Relative to Connecticut, our data show that East Granby's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.
$449,413
$1,979 / per month