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 5,562, 2,069 total housing units (homes and apartments), and a median house value of $525,800, Harwinton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Harwinton, accounting for 93.62% of the town's housing units. Other types of housing that are prevalent in Harwinton include duplexes, homes converted to apartments or other small apartment buildings ( 3.28%), row houses and other attached homes ( 2.24%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harwinton. Owner-occupied housing accounts for 92.97% of Harwinton's homes, and 77.03% 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. Harwinton's housing was primarily built during this period, from the '40s through the '60s. A full 44.22% of the town's housing hails from this era. Other housing ages represented in Harwinton include homes built between 1970-1999 ( 30.91%) and housing constructed before 1939 ( 14.44%). There's also some housing in Harwinton built between 2000 and later ( 10.43%).
Vacant housing appears to be an issue in Harwinton. Fully 10.82% of the housing stock is classified as vacant. Left unchecked, vacant Harwinton homes and apartments can be a drag on the real estate market, holding Harwinton 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.
Harwinton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Harwinton during the period has been just 5.47%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Harwinton's appreciation rate, at 6.76%, has been at or slightly above the national average. In the latest quarter, Harwinton's appreciation rate has been -0.51%, which annualizes to a rate of -2.02%.
Notably, Harwinton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Harwinton's latest annual appreciation rate is lower than 70% of the other cities and towns in Connecticut.
$525,800
for Connecticut
for nation
2,069
$2,183 / per month