Stamford, CT Real Estate Market
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 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Stamford, CT Housing Market Trends
With 136,188 people, 53,520 houses or apartments, and a median cost of homes of $719,973, Stamford house prices are not only among the most expensive in Connecticut, Stamford real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Stamford, accounting for 42.51% of the city's housing units. Other types of housing that are prevalent in Stamford include single-family detached homes ( 32.93%), duplexes, homes converted to apartments or other small apartment buildings ( 16.95%), and a few row houses and other attached homes ( 7.50%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Stamford primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Stamford has a mixture of owner-occupied and renter-occupied housing.
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. Stamford's housing was primarily built during this period, from the '40s through the '60s. A full 34.22% of the city's housing hails from this era. Other housing ages represented in Stamford include homes built between 1970-1999 ( 31.16%) and housing constructed between 2000 and later ( 20.30%). There's also some housing in Stamford built before 1939 ( 14.33%).
Stamford Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in Stamford, where house values have increased just 55.02%, which is annualized rate of 4.48%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Stamford that despite a nationwide downturn in the housing market, Stamford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stamford appreciation rates continue to be some of the highest in America, at 10.62%, which is higher than appreciation rates in 89.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stamford. Stamford appreciation rates in the latest quarter were at 1.79%, which equates to an annual appreciation rate of 7.35%.
Relative to Connecticut, our data show that Stamford's latest annual appreciation rate is higher than 70% 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 city. Individual neighborhoods within Stamford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stamford - 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 Stamford real estate investment or home purchase decisions.
Median Home Value
$719,973
Very High
for Connecticut
Very High
for nation
Number of Homes And Apartments:
53,520
CT
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$3,944 / per month