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 17,891, 6,596 total housing units (homes and apartments), and a median house value of $335,398, Montville real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Montville homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Montville, accounting for 77.06% of the town's housing units. Other types of housing that are prevalent in Montville include duplexes, homes converted to apartments or other small apartment buildings ( 8.80%), mobile homes or trailers ( 7.63%), and a few large apartment complexes or high rise apartments ( 5.20%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montville. Owner-occupied housing accounts for 75.62% of Montville's homes, and 65.88% 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. Montville's housing was primarily built during this period, from the '40s through the '60s. A full 40.49% of the town's housing hails from this era. Other housing ages represented in Montville include homes built between 1970-1999 ( 36.39%) and housing constructed between 2000 and later ( 14.88%). There's also some housing in Montville built before 1939 ( 8.24%).
Montville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Montville during the period has been just 5.38%, which is lower than 70% of US communities.
Over the last year, Montville appreciation rates have trailed the rest of the nation. In the last twelve months, Montville's appreciation rate has been 2.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Montville were at 1.00%, which equates to an annual appreciation rate of 4.07%.
Relative to Connecticut, our data show that Montville's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.
$335,398
for Connecticut
for nation
6,596
$2,022 / per month