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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.



Windham, 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

Windham, CT Housing Market Trends

With a population of 24,399, 9,307 total housing units (homes and apartments), and a median house value of $279,305, Windham real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Windham homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Windham, accounting for 48.46% of the town's housing units. Other types of housing that are prevalent in Windham include duplexes, homes converted to apartments or other small apartment buildings ( 25.89%), large apartment complexes or high rise apartments ( 18.68%), and a few mobile homes or trailers ( 3.80%).

The most prevalent building size and type in Windham are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 42.97% owning and 57.03% renting.

The housing in Windham was primarily built before 1939 ( 33.62%), making the housing stock in Windham some of the oldest overall in America, although there is a range of ages of homes in Windham. The next most important housing age is between 1970-1999 ( 31.79%), followed by between 1940-1969 ( 28.58%). There's also some housing in Windham built between 2000 and later ( 6.01%).

Windham Home Appreciation Rates

Appreciation rates for homes in Windham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.97%, which ranks in the top 50% nationwide. This equates to an annual average Windham house appreciation rate of 6.57%.

NeighborhoodScout's data show that during the latest twelve months, Windham's appreciation rate, at 7.94%, has been at or slightly above the national average. In the latest quarter, Windham's appreciation rate has been 3.22%, which annualizes to a rate of 13.53%.

Importantly, this makes Windham 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 Windham's latest annual appreciation rate is lower than 60% 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 Windham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Windham - 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 Windham real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$279,305

Windham, CT Home Prices
> $1,636,000
$1,227,001 - $1,636,000
$818,001 - $1,227,000
$654,001 - $818,000
$491,001 - $654,000
$327,001 - $491,000
$164,001 - $327,000
$82,001 - $164,000
$0 - $82,000
0.0%
0.0%
0.2%
0.2%
0.4%
0.4%
1.2%
1.2%
3.1%
3.1%
22.9%
22.9%
65.3%
65.3%
5.0%
5.0%
2.1%
2.1%
0% 100.0%
% of Homes
Very Low

for Connecticut

Average

for nation

Number of Homes And Apartments:

9,307

Windham Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,012 / per month

Homeownership Rate

Owners
Renters
43.0%
43.0%
57.0%
57.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.0%
6.0%
31.8%
31.8%
28.6%
28.6%
33.6%
33.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
48.5%
48.5%
3.2%
3.2%
25.9%
25.9%
18.7%
18.7%
3.8%
3.8%
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
0.9%
0.9%
19.0%
19.0%
26.2%
26.2%
38.9%
38.9%
10.6%
10.6%
4.3%
4.3%
0% 100.0%
% of Homes