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 20,684, 7,390 total housing units (homes and apartments), and a median house value of $601,548, real estate costs in Bethel are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.
Single-family detached homes are the single most common housing type in Bethel, accounting for 64.94% of the town's housing units. Other types of housing that are prevalent in Bethel include duplexes, homes converted to apartments or other small apartment buildings ( 16.82%), row houses and other attached homes ( 10.25%), and a few large apartment complexes or high rise apartments ( 7.99%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bethel. Owner-occupied housing accounts for 77.60% of Bethel's homes, and 66.38% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bethel 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 Bethel built between 1940-1969 ( 22.81%). A lesser amount of the housing stock also hails from before 1939 ( 17.28%). There's also some housing in Bethel built between 2000 and later ( 15.86%).
Real estate appreciation rates in Bethel's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.92% during the period.
Appreciation rates are so strong in Bethel that despite a nationwide downturn in the housing market, Bethel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bethel appreciation rates continue to be some of the highest in America, at 10.88%, which is higher than appreciation rates in 90.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bethel. Bethel 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 Bethel's latest annual appreciation rate is higher than 80% of the other cities and towns in Connecticut.
$601,548
for Connecticut
for nation
7,390
$2,597 / per month