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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Southbury, CT Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Southbury, CT Housing Market Trends

With 19,979 people, 8,020 houses or apartments, and a median cost of homes of $590,434, real estate costs in Southbury are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in Southbury, accounting for 59.01% of the town's housing units. Other types of housing that are prevalent in Southbury include row houses and other attached homes ( 18.13%), duplexes, homes converted to apartments or other small apartment buildings ( 14.37%), and a few large apartment complexes or high rise apartments ( 8.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southbury. Owner-occupied housing accounts for 83.80% of Southbury's homes, and 49.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Southbury 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 Southbury built between 1940-1969 ( 19.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.10%). There's also some housing in Southbury built before 1939 ( 7.79%).

Southbury Home Appreciation Rates

Southbury's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Southbury during the period has been just 5.12%, which is lower than 80% of US communities.

Appreciation rates are so strong in Southbury that despite a nationwide downturn in the housing market, Southbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Southbury appreciation rates continue to be some of the highest in America, at 8.87%, which is higher than appreciation rates in 79.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Southbury. Southbury 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 Southbury's latest annual appreciation rate is higher 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 town. Individual neighborhoods within Southbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Southbury - 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 Southbury real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$590,434

Southbury, CT Home Prices
> $1,486,000
$1,115,001 - $1,486,000
$744,001 - $1,115,000
$594,001 - $744,000
$446,001 - $594,000
$297,001 - $446,000
$149,001 - $297,000
$74,001 - $149,000
$0 - $74,000
1.0%
1.0%
3.5%
3.5%
16.8%
16.8%
23.4%
23.4%
18.1%
18.1%
16.1%
16.1%
17.9%
17.9%
2.2%
2.2%
1.2%
1.2%
0% 100.0%
% of Homes
High

for Connecticut

Very High

for nation

Number of Homes And Apartments:

8,020

Southbury Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,969 / per month

Homeownership Rate

Owners
Renters
83.8%
83.8%
16.2%
16.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.9%
8.9%
91.1%
91.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.1%
14.1%
58.5%
58.5%
19.6%
19.6%
7.8%
7.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.0%
59.0%
18.1%
18.1%
14.4%
14.4%
8.4%
8.4%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
10.2%
10.2%
32.9%
32.9%
22.9%
22.9%
26.3%
26.3%
6.2%
6.2%
0% 100.0%
% of Homes