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 27,427 people, 9,725 houses or apartments, and a median cost of homes of $1,733,236, Westport house prices are not only among the most expensive in Connecticut, Westport real estate also is some of the most expensive in all of America.
Westport is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Westport than is found in 98% of the communities in America.
The large homes that make up Westport are primarily owner-occupied ( 88.05%).
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Westport's housing was primarily built during this period, from the '40s through the '60s. A full 37.57% of the town's housing hails from this era. Other housing ages represented in Westport include homes built between 1970-1999 ( 25.01%) and housing constructed before 1939 ( 18.92%). There's also some housing in Westport built between 2000 and later ( 18.50%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Westport, where house values have increased just 52.90%, which is annualized rate of 4.34%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Westport that despite a nationwide downturn in the housing market, Westport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Westport appreciation rates continue to be some of the highest in America, at 13.99%, which is higher than appreciation rates in 96.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Westport. Westport 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 Westport's latest annual appreciation rate is higher than 90% 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 Westport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Westport - 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 Westport real estate investment or home purchase decisions.
$1,733,236
for Connecticut
for nation
9,725
$3,784 / per month