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 7,807, 2,812 total housing units (homes and apartments), and a median house value of $494,129, Middlebury real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Middlebury, accounting for 83.20% of the town's housing units. Other types of housing that are prevalent in Middlebury include large apartment complexes or high rise apartments ( 8.28%), row houses and other attached homes ( 6.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middlebury. Owner-occupied housing accounts for 88.65% of Middlebury's homes, and 72.32% 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. Middlebury's housing was primarily built during this period, from the '40s through the '60s. A full 34.91% of the town's housing hails from this era. Other housing ages represented in Middlebury include homes built between 2000 and later ( 28.14%) and housing constructed between 1970-1999 ( 21.79%). There's also some housing in Middlebury built before 1939 ( 15.15%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Middlebury, where house values have increased just 55.77%, which is annualized rate of 4.53%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Middlebury that despite a nationwide downturn in the housing market, Middlebury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Middlebury appreciation rates continue to be some of the highest in America, at 8.19%, which is higher than appreciation rates in 72.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Middlebury. Middlebury 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 Middlebury's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.
$494,129
for Connecticut
for nation
2,812
$2,276 / per month