Living in Terryville, CT
Terryville, CT, is a charming suburban area with a peaceful environment, historic homes, and a strong sense of community. It hosts numerous outdoor activities and has access to quality education. Its convenient transportation options and local amenities make it an ideal place for families and investors alike.
Current Market Conditions in Terryville, CT
The current real estate market in Terryville, CT, is on the rise, with home prices gradually increasing over the past few years. The demand for single-family homes remains strong, driven by families and first-time homebuyers looking for affordable yet spacious options in suburban settings. This trend suggests a favorable environment for real estate investment as more individuals seek out the lifestyle that Terryville offers.
Investors can expect a diverse range of properties, from historic homes to new developments, catering to various buyer preferences. With ongoing community initiatives and developments, the growing interest in Terryville highlights its potential for appreciation in property values, making it a strategic location for investment.
Home Value Estimator For Terryville, CT
There are currently 3,496 real estate properties
in Terryville, CT,
with a median automated valuation model (AVM) price
of $317,497.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Terryville, CT, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Terryville, CT,
is $329,678.00, with the most expensive house
in Terryville, CT, topping out
at $4,695,080.00 and the cheapest home
in Terryville, CT,
clocking in at $13,850.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Terryville, CT!
Rent Prices
In Terryville, CT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Terryville, CT, is on
a rollercoaster ride. The
average rent price in Terryville, CT,
is $1,365.00. Indeed, when looking to rent in
Terryville, CT, you can expect to pay as little
as $560.00 or as much
as $2,560.00,
with the average rent median estimated to
be $1,380.00. The good news is that finding
an affordable and desirable property to rent in Terryville, CT
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
