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 8,746, 3,374 total housing units (homes and apartments), and a median house value of $936,471, Redding house prices are not only among the most expensive in Connecticut, Redding real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Redding, accounting for 88.33% of the town's housing units. Other types of housing that are prevalent in Redding include large apartment complexes or high rise apartments ( 8.29%), row houses and other attached homes ( 2.10%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Redding. Owner-occupied housing accounts for 86.78% of Redding's homes, and 76.53% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Redding 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 Redding built between 1940-1969 ( 22.85%). A lesser amount of the housing stock also hails from before 1939 ( 19.33%). There's also some housing in Redding built between 2000 and later ( 14.80%).
Redding's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Redding during the period has been just 4.81%, which is lower than 80% of US communities.
Appreciation rates are so strong in Redding that despite a nationwide downturn in the housing market, Redding real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Redding appreciation rates continue to be some of the highest in America, at 12.19%, which is higher than appreciation rates in 94.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Redding. Redding 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 Redding's latest annual appreciation rate is higher than 90% of the other cities and towns in Connecticut.
$936,471
for Connecticut
for nation
3,374
$3,219 / per month