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 11,692, 4,569 total housing units (homes and apartments), and a median house value of $353,494, Stafford real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Stafford homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Stafford, accounting for 72.91% of the town's housing units. Other types of housing that are prevalent in Stafford include duplexes, homes converted to apartments or other small apartment buildings ( 12.04%), large apartment complexes or high rise apartments ( 10.63%), and a few row houses and other attached homes ( 3.41%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stafford. Owner-occupied housing accounts for 77.14% of Stafford's homes, and 60.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Stafford 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 Stafford built between 1940-1969 ( 28.38%). A lesser amount of the housing stock also hails from before 1939 ( 25.07%). There's also some housing in Stafford built between 2000 and later ( 9.73%).
Stafford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stafford during the period has been just 5.73%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Stafford's appreciation rate, at 3.83%, has been at or slightly above the national average. In the latest quarter, Stafford's appreciation rate has been 3.47%, which annualizes to a rate of 14.61%.
Importantly, this makes Stafford one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Connecticut, our data show that Stafford's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.
$353,494
for Connecticut
for nation
4,569
$1,806 / per month