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 8,515 people, 2,974 houses or apartments, and a median cost of homes of $571,302, real estate costs in Litchfield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Hampshire communities.
Single-family detached homes are the single most common housing type in Litchfield, accounting for 81.96% of the town's housing units. Other types of housing that are prevalent in Litchfield include row houses and other attached homes ( 8.55%), large apartment complexes or high rise apartments ( 4.14%), and a few mobile homes or trailers ( 2.92%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Litchfield. Owner-occupied housing accounts for 87.02% of Litchfield's homes, and 75.40% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Litchfield 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 Litchfield built between 2000 and later ( 25.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.59%). There's also some housing in Litchfield built before 1939 ( 5.60%).
Appreciation rates for homes in Litchfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.05%, which ranks in the top 30% nationwide. This equates to an annual average Litchfield house appreciation rate of 7.65%.
Over the last year, Litchfield appreciation rates have trailed the rest of the nation. In the last twelve months, Litchfield's appreciation rate has been 7.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Litchfield were at -2.01%, which equates to an annual appreciation rate of -7.81%.
Notably, Litchfield's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Hampshire, our data show that Litchfield's latest annual appreciation rate is lower than 80% of the other cities and towns in New Hampshire.
$571,302
for New hampshire
for nation
2,974
$3,589 / per month