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 a population of 44,017, 18,431 total housing units (homes and apartments), and a median house value of $403,060, Wallingford real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Wallingford, accounting for 62.51% of the town's housing units. Other types of housing that are prevalent in Wallingford include duplexes, homes converted to apartments or other small apartment buildings ( 15.40%), large apartment complexes or high rise apartments ( 14.32%), and a few row houses and other attached homes ( 6.17%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wallingford. Owner-occupied housing accounts for 72.85% of Wallingford's homes, and 55.97% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Wallingford 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 Wallingford built between 1940-1969 ( 31.91%). A lesser amount of the housing stock also hails from before 1939 ( 16.07%). There's also some housing in Wallingford built between 2000 and later ( 10.67%).
Wallingford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wallingford during the period has been just 4.89%, which is lower than 80% of US communities.
Appreciation rates are so strong in Wallingford that despite a nationwide downturn in the housing market, Wallingford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wallingford appreciation rates continue to be some of the highest in America, at 8.86%, which is higher than appreciation rates in 79.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wallingford. Wallingford appreciation rates in the latest quarter were at 0.95%, which equates to an annual appreciation rate of 3.86%.
Relative to Connecticut, our data show that Wallingford's latest annual appreciation rate is higher than 50% 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 Wallingford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wallingford - 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 Wallingford real estate investment or home purchase decisions.
$403,060
for Connecticut
for nation
18,431
$2,355 / per month