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 15,731 people, 5,307 houses or apartments, and a median cost of homes of $501,150, Suffield real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Suffield, accounting for 79.65% of the town's housing units. Other types of housing that are prevalent in Suffield include duplexes, homes converted to apartments or other small apartment buildings ( 7.31%), large apartment complexes or high rise apartments ( 6.90%), and a few row houses and other attached homes ( 5.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Suffield. Owner-occupied housing accounts for 77.80% of Suffield's homes, and 68.31% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Suffield 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 Suffield built between 1940-1969 ( 25.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.70%). There's also some housing in Suffield built before 1939 ( 14.45%).
Suffield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Suffield during the period has been just 4.58%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Suffield's appreciation rate, at 11.43%, has been at or slightly above the national average. In the latest quarter, Suffield's appreciation rate has been 2.92%, which annualizes to a rate of 12.19%.
Relative to Connecticut, our data show that Suffield's latest annual appreciation rate is lower than 70% 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 Suffield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Suffield - 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 Suffield real estate investment or home purchase decisions.
$501,150
for Connecticut
for nation
5,307
$2,399 / per month