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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.



Killingly, 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 Q2 2024. 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

Killingly, CT Housing Market Trends

With a population of 17,837, 7,137 total housing units (homes and apartments), and a median house value of $333,530, Killingly real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Killingly homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Killingly, accounting for 62.91% of the town's housing units. Other types of housing that are prevalent in Killingly include duplexes, homes converted to apartments or other small apartment buildings ( 18.16%), large apartment complexes or high rise apartments ( 11.08%), and a few row houses and other attached homes ( 5.67%).

The most prevalent building size and type in Killingly are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.91% owning and 35.09% renting.

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. Killingly's housing was primarily built during this period, from the '40s through the '60s. A full 31.10% of the town's housing hails from this era. Other housing ages represented in Killingly include homes built between 1970-1999 ( 30.59%) and housing constructed before 1939 ( 24.47%). There's also some housing in Killingly built between 2000 and later ( 13.84%).

Killingly Home Appreciation Rates

Real estate appreciation rates in Killingly's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.02% during the period.

Over the last year, Killingly appreciation rates have trailed the rest of the nation. In the last twelve months, Killingly's appreciation rate has been 4.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Killingly were at 3.22%, which equates to an annual appreciation rate of 13.53%.

Importantly, this makes Killingly 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 Killingly's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.

Average Home Values

Median Home Value

$333,530

Killingly, CT Home Prices
> $1,329,000
$996,001 - $1,329,000
$664,001 - $996,000
$531,001 - $664,000
$399,001 - $531,000
$266,001 - $399,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
0.6%
0.6%
0.5%
0.5%
2.4%
2.4%
3.6%
3.6%
22.4%
22.4%
44.3%
44.3%
23.0%
23.0%
2.4%
2.4%
0.8%
0.8%
0% 100.0%
% of Homes
Very Low

for Connecticut

High

for nation

Number of Homes And Apartments:

7,137

Killingly Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,242 / per month

Homeownership Rate

Owners
Renters
64.9%
64.9%
35.1%
35.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.8%
7.8%
92.2%
92.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.8%
13.8%
30.6%
30.6%
31.1%
31.1%
24.5%
24.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.9%
62.9%
5.7%
5.7%
18.2%
18.2%
11.1%
11.1%
2.2%
2.2%
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
0.2%
0.2%
12.4%
12.4%
27.1%
27.1%
44.8%
44.8%
13.0%
13.0%
2.5%
2.5%
0% 100.0%
% of Homes