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 8,515 people, 2,974 houses or apartments, and a median cost of homes of $574,177, Litchfield house prices are not only among the most expensive in New Hampshire, Litchfield 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 Litchfield, accounting for 81.96% of the town's housing units. Other types of housing that are prevalent in Litchfield include row houses and other attached homes ( 8.55%), large apartment complexes or high rise apartments ( 4.14%), and a few mobile homes or trailers ( 2.92%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Litchfield. Owner-occupied housing accounts for 87.02% of Litchfield's homes, and 75.40% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Litchfield 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 Litchfield built between 2000 and later ( 25.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.59%). There's also some housing in Litchfield built before 1939 ( 5.60%).
In the last 10 years, Litchfield has experienced some of the highest home appreciation rates of any community in the nation. Litchfield real estate appreciated 110.44% over the last ten years, which is an average annual home appreciation rate of 7.72%, putting Litchfield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Litchfield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Litchfield that despite a nationwide downturn in the housing market, Litchfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Litchfield appreciation rates continue to be some of the highest in America, at 8.23%, which is higher than appreciation rates in 87.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Litchfield. Litchfield appreciation rates in the latest quarter were at 2.18%, which equates to an annual appreciation rate of 9.01%.
Importantly, this makes Litchfield 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 New Hampshire, our data show that Litchfield's latest annual appreciation rate is lower than 50% of the other cities and towns in New Hampshire.
$574,177
for New hampshire
for nation
2,974
$3,485 / per month