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 6,881, 3,510 total housing units (homes and apartments), and a median house value of $593,965, real estate costs in Westbrook are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.
Single-family detached homes are the single most common housing type in Westbrook, accounting for 80.05% of the town's housing units. Other types of housing that are prevalent in Westbrook include duplexes, homes converted to apartments or other small apartment buildings ( 7.66%), large apartment complexes or high rise apartments ( 5.91%), and a few mobile homes or trailers ( 4.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westbrook. Owner-occupied housing accounts for 75.44% of Westbrook's homes, and 56.05% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Westbrook 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 Westbrook built between 1940-1969 ( 29.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.78%). There's also some housing in Westbrook built before 1939 ( 19.47%).
Vacant housing appears to be an issue in Westbrook. Fully 16.03% of the housing stock is classified as vacant. Left unchecked, vacant Westbrook homes and apartments can be a drag on the real estate market, holding Westbrook 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Westbrook, where house values have increased just 56.02%, which is annualized rate of 4.55%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Westbrook appreciation rates have trailed the rest of the nation. In the last twelve months, Westbrook's appreciation rate has been -2.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westbrook were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Relative to Connecticut, our data show that Westbrook's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.
$593,965
for Connecticut
for nation
3,510
$2,181 / per month