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 a population of 1,064, 492 total housing units (homes and apartments), and a median house value of $329,800, Stamford real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Stamford, accounting for 52.47% of the village's housing units. Other types of housing that are prevalent in Stamford include duplexes, homes converted to apartments or other small apartment buildings ( 29.48%), large apartment complexes or high rise apartments ( 10.65%), and a few row houses and other attached homes ( 4.01%).
The most prevalent building size and type in Stamford are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.28% owning and 44.72% renting.
The housing in Stamford was primarily built before 1939 ( 48.46%), making the housing stock in Stamford some of the oldest overall in America, although there is a range of ages of homes in Stamford. The next most important housing age is between 1940-1969 ( 26.23%), followed by between 1970-1999 ( 18.06%). There's also some housing in Stamford built between 2000 and later ( 7.25%).
Vacant housing appears to be an issue in Stamford. Fully 24.07% of the housing stock is classified as vacant. Left unchecked, vacant Stamford homes and apartments can be a drag on the real estate market, holding Stamford 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, Stamford has experienced some of the highest home appreciation rates of any community in the nation. Stamford real estate appreciated 113.59% over the last ten years, which is an average annual home appreciation rate of 7.88%, putting Stamford in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Stamford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Stamford that despite a nationwide downturn in the housing market, Stamford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stamford appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 82.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stamford. Stamford appreciation rates in the latest quarter were at 3.58%, which equates to an annual appreciation rate of 15.10%.
Importantly, this makes Stamford one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to New York, our data show that Stamford's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$329,800
for New york
for nation
492
$1,361 / per month