OLD SAYBROOK HOUSING MARKET INFORMATION With a population of 10,571, 4,460 total housing units (homes and apartments), and a median house value of $777,022, Old Saybrook house prices are not only among the most expensive in Connecticut, Old Saybrook real estate also is some of the most expensive in all of America. Single-family detached homes are the single most common housing type in Old Saybrook, accounting for 86.33% of the town's housing units. Other types of housing that are prevalent in Old Saybrook include large apartment complexes or high rise apartments ( 5.18%), row houses and other attached homes ( 4.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.38%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Old Saybrook. Owner-occupied housing accounts for 84.39% of Old Saybrook's homes, and 66.39% 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. Old Saybrook's housing was primarily built during this period, from the '40s through the '60s. A full 35.70% of the town's housing hails from this era. Other housing ages represented in Old Saybrook include homes built between 1970-1999 ( 35.15%) and housing constructed before 1939 ( 19.09%). There's also some housing in Old Saybrook built between 2000 and later ( 10.06%). Vacant housing appears to be an issue in Old Saybrook. Fully 25.46% of the housing stock is classified as vacant. Left unchecked, vacant Old Saybrook homes and apartments can be a drag on the real estate market, holding Old Saybrook 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. OLD SAYBROOK HOME APPRECIATION RATES Appreciation rates for homes in Old Saybrook have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 98.20%, which ranks in the top 50% nationwide. This equates to an annual average Old Saybrook house appreciation rate of 7.08%. Appreciation rates are so strong in Old Saybrook that despite a nationwide downturn in the housing market, Old Saybrook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Old Saybrook appreciation rates continue to be some of the highest in America, at 12.78%, which is higher than appreciation rates in 98.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Old Saybrook. Old Saybrook appreciation rates in the latest quarter were at 3.38%, which equates to an annual appreciation rate of 14.24%. Importantly, this makes Old Saybrook 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 Old Saybrook's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.