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 31,705, 12,257 total housing units (homes and apartments), and a median house value of $358,563, Naugatuck real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Naugatuck homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Naugatuck, accounting for 58.81% of the borough's housing units. Other types of housing that are prevalent in Naugatuck include duplexes, homes converted to apartments or other small apartment buildings ( 16.01%), large apartment complexes or high rise apartments ( 15.91%), and a few row houses and other attached homes ( 7.54%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Naugatuck. Owner-occupied housing accounts for 65.34% of Naugatuck's homes, and 57.14% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Naugatuck 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 Naugatuck built between 1940-1969 ( 27.93%). A lesser amount of the housing stock also hails from before 1939 ( 20.98%). There's also some housing in Naugatuck built between 2000 and later ( 7.51%).
Appreciation rates for homes in Naugatuck have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.06%, which ranks in the top 40% nationwide. This equates to an annual average Naugatuck house appreciation rate of 6.96%.
Appreciation rates are so strong in Naugatuck that despite a nationwide downturn in the housing market, Naugatuck real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Naugatuck appreciation rates continue to be some of the highest in America, at 8.40%, which is higher than appreciation rates in 74.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Naugatuck. Naugatuck 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 Naugatuck's latest annual appreciation rate is lower than 50% of the other cities and towns in Connecticut.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Naugatuck differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Naugatuck - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Naugatuck real estate investment or home purchase decisions.
$358,563
for Connecticut
for nation
12,257
$2,187 / per month