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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.



Tolland, 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

Tolland, CT Housing Market Trends

With 14,577 people, 5,319 houses or apartments, and a median cost of homes of $490,371, Tolland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tolland, accounting for 92.11% of the town's housing units. Other types of housing that are prevalent in Tolland include duplexes, homes converted to apartments or other small apartment buildings ( 3.57%), large apartment complexes or high rise apartments ( 3.18%), and a few row houses and other attached homes ( 1.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tolland. Owner-occupied housing accounts for 92.16% of Tolland's homes, and 82.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tolland 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 Tolland built between 1940-1969 ( 26.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.51%). There's also some housing in Tolland built before 1939 ( 4.33%).

Tolland Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Tolland, where house values have increased just 53.40%, which is annualized rate of 4.37%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Tolland that despite a nationwide downturn in the housing market, Tolland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tolland appreciation rates continue to be some of the highest in America, at 8.35%, which is higher than appreciation rates in 73.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tolland. Tolland appreciation rates in the latest quarter were at 2.73%, which equates to an annual appreciation rate of 11.36%.

Relative to Connecticut, our data show that Tolland's latest annual appreciation rate is lower than 50% of the other cities and towns in Connecticut.

Average Home Values

Median Home Value

$490,371

Tolland, CT Home Prices
> $1,412,000
$1,060,001 - $1,412,000
$707,001 - $1,060,000
$565,001 - $707,000
$424,001 - $565,000
$283,001 - $424,000
$141,001 - $283,000
$70,001 - $141,000
$0 - $70,000
1.7%
1.7%
0.6%
0.6%
9.8%
9.8%
18.9%
18.9%
29.1%
29.1%
31.6%
31.6%
7.1%
7.1%
0.5%
0.5%
0.7%
0.7%
0% 100.0%
% of Homes
Average

for Connecticut

Very High

for nation

Number of Homes And Apartments:

5,319

Tolland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,505 / per month

Homeownership Rate

Owners
Renters
92.2%
92.2%
7.8%
7.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.5%
1.5%
98.5%
98.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.5%
19.5%
50.1%
50.1%
26.0%
26.0%
4.3%
4.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
92.1%
92.1%
1.1%
1.1%
3.6%
3.6%
3.2%
3.2%
0.0%
0.0%
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
0.3%
0.3%
6.8%
6.8%
6.1%
6.1%
51.0%
51.0%
31.3%
31.3%
4.4%
4.4%
0% 100.0%
% of Homes