menu
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.



Montville, 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 Q4 2023. 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

Montville, CT Housing Market Trends

With a population of 17,891, 6,596 total housing units (homes and apartments), and a median house value of $364,061, Montville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Montville, accounting for 77.06% of the town's housing units. Other types of housing that are prevalent in Montville include duplexes, homes converted to apartments or other small apartment buildings ( 8.80%), mobile homes or trailers ( 7.63%), and a few large apartment complexes or high rise apartments ( 5.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montville. Owner-occupied housing accounts for 75.62% of Montville's homes, and 65.88% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Montville's housing was primarily built during this period, from the '40s through the '60s. A full 40.49% of the town's housing hails from this era. Other housing ages represented in Montville include homes built between 1970-1999 ( 36.39%) and housing constructed between 2000 and later ( 14.88%). There's also some housing in Montville built before 1939 ( 8.24%).

Montville Home Appreciation Rates

Real estate appreciation rates in Montville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.95% during the period.

Appreciation rates are so strong in Montville that despite a nationwide downturn in the housing market, Montville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Montville appreciation rates continue to be some of the highest in America, at 10.23%, which is higher than appreciation rates in 95.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Montville. Montville appreciation rates in the latest quarter were at 1.96%, which equates to an annual appreciation rate of 8.07%.

Relative to Connecticut, our data show that Montville's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.

Average Home Values

Median Home Value

$364,061

Montville, CT Home Prices
> $1,402,000
$1,051,001 - $1,402,000
$701,001 - $1,051,000
$561,001 - $701,000
$420,001 - $561,000
$280,001 - $420,000
$140,001 - $280,000
$70,001 - $140,000
$0 - $70,000
0.3%
0.3%
0.3%
0.3%
2.5%
2.5%
7.4%
7.4%
14.8%
14.8%
45.9%
45.9%
17.2%
17.2%
3.3%
3.3%
8.3%
8.3%
0% 100.0%
% of Homes
Low

for Connecticut

High

for nation

Number of Homes And Apartments:

6,596

Montville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,961 / per month

Homeownership Rate

Owners
Renters
75.6%
75.6%
24.4%
24.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.4%
5.4%
94.6%
94.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.9%
14.9%
36.4%
36.4%
40.5%
40.5%
8.2%
8.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.1%
77.1%
1.3%
1.3%
8.8%
8.8%
5.2%
5.2%
7.6%
7.6%
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
0.5%
0.5%
10.2%
10.2%
20.9%
20.9%
44.1%
44.1%
21.8%
21.8%
2.5%
2.5%
0% 100.0%
% of Homes