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 747 people, 298 houses or apartments, and a median cost of homes of $199,555, house prices in Branford are solidly below the national average.
Single-family detached homes are the single most common housing type in Branford, accounting for 63.61% of the town's housing units. Other types of housing that are prevalent in Branford include mobile homes or trailers ( 20.75%), large apartment complexes or high rise apartments ( 14.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.35%).
The most prevalent building size and type in Branford are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 52.68% owning and 47.32% renting.
There is a lot of housing in Branford 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 Branford built between 1940-1969 ( 30.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.25%). There's also some housing in Branford built before 1939 ( 7.01%).
Vacant housing appears to be an issue in Branford. Fully 19.68% of the housing stock is classified as vacant. Left unchecked, vacant Branford homes and apartments can be a drag on the real estate market, holding Branford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Branford has experienced some of the highest home appreciation rates of any community in the nation. Branford real estate appreciated 132.89% over the last ten years, which is an average annual home appreciation rate of 8.82%, putting Branford in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Branford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Branford appreciation rates have trailed the rest of the nation. In the last twelve months, Branford's appreciation rate has been 0.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Branford were at -2.36%, which equates to an annual appreciation rate of -9.13%.
Notably, Branford's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Branford's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.
$199,555
for Florida
for nation
298
$995 / per month