New Britain Connecticut Area Home Supply Charts

This page looks at a variety of New Britain Connecticut housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. New Britain shows it has a Housing Units of 31,800 which is the second most housing units of all the places in the greater New Britain region.

Figure 2 illustrates the housing density in the New Britain housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) New Britain indicates it has a Housing Density of 2381.2 which is the second most housing densities of all the places in the greater New Britain region. The city with the highest housing density in the area is Hartford which depicts a density of 3150.2 (32.3% larger). Comparing housing density to the United States average of 38.9, New Britain is very much bigger. Also, measured against the state of Connecticut, housing density of 313.2, New Britain is very much bigger.

In Figure 4, New Britain area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. New Britain shows it has a Housing Unit Change of 1.8% which is the third most housing units of all other places in the greater New Britain region. The city with the highest change in the housing units in the area is Hartford which depicts a housing units of 5.7% (approximately 3.1 times bigger). Comparing change in the housing units to the United States average of 5.7%, New Britain is approximately a third the size. Also, measured against the state of Connecticut, change in the housing units of 1.9%, New Britain is only about 5.1% smaller.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) New Britain depicts it has a Renter Percent of 59.9% which is the second most renter percent of all the places in the greater New Britain region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 40.1% which is the second smallest in order of owner percent of all the other places in the local area.

New Britain Connecticut Home Cost Charts

Looking at the housing data provided in Figure 7, the average New Britain home price is illustrated for this community and a useful analysis of affordable housing. New Britain depicts it has a Median Home Value of $160,800 which is the smallest in order of median home price of all the other places in the local area. The city with the highest median home price in the area is West Hartford CDP which depicts a home price of $334,300 (about twice as large). Figure 8 provides aggregate comparative data for the New Britain Connecticut metro area in terms of the median housing rental rate, apartment rent, etc. New Britain depicts it has a Median Gross Rent of $1,025 which is the second smallest when ranked by rental rates of all the other places in the metro area. The city with the highest rental rates in the area is West Hartford CDP which depicts a rental rates of $1,325 (29.3% larger). Comparing rental rates to the United States average of $1,062, New Britain is only about 3.6% smaller. Also, measured against the state of Connecticut, rental rates of $1,180, New Britain is about 15.1% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. New Britain has one of the largest proportions of home price worth less than $50,000 at 7% of the total and is ranked #2. The only larger city being Hartford with 10%. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 69% of the total and is ranked #1. Third, it has the smallest proportion of home price worth between $100,000 to $200,000 at 16% of the total. Also, it has the smallest proportion of home price worth between $200,000 to $300,000 at 3% of the total. In addition, it has the smallest proportion of home price worth between $300,000 to $400,000 at 1% of the total. Furthermore, it has the smallest proportion of home price worth between $400,000 to $500,000 at 0% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. New Britain depicts it has a Median Owner Cost of $1,367 which is the smallest when sorted by median ownership cost of all the other places in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the New Britain metro area. it has a Owner Cost as % of HH Income of 24% which is the second most of all the places in the area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. New Britain depicts it has a Median Home Value as Percent of Median Earnings of 370% which is the second smallest in terms of median home value as a percent of median worker earnings of all the other places in the surrounding region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) New Britain shows it has a Median Owner Costs-With Mortgage of $1,682 which is the second smallest in order of median housing cost of all the other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $763 which is less than most other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. New Britain has one of the largest proportions of owner cost between $300 and $500 at 11% of the total and is ranked #2. The only larger city being Bristol with 11%. Second, it has one of the largest proportions of owner cost between $500 and $700 at 20% of the total and is ranked #2. The only larger city being Newington CDP with 20%. Third, it has the smallest proportion of owner cost between $2,000 and $2,500 at 3% of the total. Also, it has the smallest proportion of owner cost between $2,500 and $3,000 at 2% of the total. In addition, it has the smallest proportion of owner cost between $3,000 and $3,500 at 0% of the total. Furthermore, it has the smallest proportion of owner cost between $3,500 and $4,000 at 1% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) New Britain depicts it has a % of Income Owner Costs-With Mortgage of 26% which is the largest of all places in the surrounding region. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. New Britain depicts it has a % of Income Owner Costs-No Mortgage of 16% which is the third most cost as a percent of household income of all other places in the greater New Britain region. The city with the highest cost as a percent of household income in the area is Hartford which depicts a cost as a percent of household income of 18% (7.3% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) New Britain has the percentage of rent as a percent of income is less than 10 pct less than most other places in the local area at 17% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 24% of the total and is ranked #3. Only #2 Bristol (24%), and #1 Hartford (31%) are larger.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. New Britain has the largest proportion of housing cost between $700 and $1,000 at 36% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $2,500 and $3,000 at 1% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $4,907 which is less than most other places in the area. The city with the highest median real estate taxes paid in the area is West Hartford CDP which depicts a taxes paid of $8,171 (66.5% larger). Comparing median real estate taxes paid to the United States average of $2,471, New Britain is about twice as large. Also, measured against the state of Connecticut, median real estate taxes paid of $5,898, New Britain is about 20.2% smaller.

Figure 23 shows the rental rate distribution for this area. New Britain Connecticut has one of the largest proportions of rent between 500 and 750 dollars at 25% of the total and is ranked #2. The only larger city being Hartford with 26%. Second, it has the second smallest as measured by rent less than 300 dollars of all the other places in the metro area when sorted by rent between 1000 and 1500 dollars at 6% of the total.

New Britain Connecticut Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. New Britain has the smallest proportion of with mortgage at 8% of the total. Second, it has the largest proportion of no 2nd mortgage and no heloc at 36% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. New Britain has the largest proportion of houses with mortgages at 36% of the total and is ranked #1.

New Britain Connecticut Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.3 which is the second most family members per housing unit of all the places in the greater New Britain region. The city with the highest family members per housing unit in the area is Hartford which shows a family members per housing unit of 3.5 (only about 4.7% larger). Comparing family members per housing unit to the United States average of 3.3, New Britain is about the same size. Also, in comparison with the state of Connecticut, family members per housing unit of 3.2, New Britain is only about 3.1% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 4.7 which is the second smallest as measured by average number of rooms in a house of all the other places in the metro area. The city with the highest average number of rooms in a house in the area is Kensington CDP which depicts an average number of rooms in a house of 6.2 (31.9% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1952 which is the second smallest as measured by year built of all the other places in the metro area. The city with the highest year built in the area is Newington CDP which shows a year built of 1968 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 the second smallest when ranked by homes built in 2014 or later of all the other places in the surrounding region at 2% of the total. Second, it has the smallest proportion of homes built between 2000 to 2009 at 2% of the total. Third, it has one of the largest proportions of homes built between 1940 to 1949 at 36% of the total and is ranked #2. The only larger city being Hartford with 40%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 16,924 of the total and is ranked #2. The only larger city being Hartford with 35,494.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit attached at 17% of the total and is ranked #1. Second, it has one of the largest proportions of 2 units at 20% of the total and is ranked #2. The only larger city being Hartford with 23%. Third, it has one of the largest proportions of 3 or 4 units at 10% of the total and is ranked #2. The only larger city being Hartford with 13%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2010 to 2013 the second smallest when ranked by value of homes built 2014 or later of all the other places in the local area at $181,900 of the total. Second, it has the second smallest when ranked by value of homes built 2014 or later of all the other places in the metropolitan area when ranked by value of homes built 2000 to 2009 at $161,500 of the total. Third, it has the smallest proportion of value of homes built 1990 to 1999 at $152,900 of the total. Also, it has less than most other places in the metro area when ranked by value of homes built 1980 to 1989 at $186,000 of the total. In addition, it has the second smallest in terms of value of homes built 2014 or later of all the other places in the metropolitan area in terms of value of homes built 1970 to 1979 at $168,300 of the total. Furthermore, it has the smallest proportion of value of homes built 1960 to 1969 at $153,800 of the total. Next it has the second smallest in order of value of homes built 2014 or later of all the other places in the local area in terms of value of homes built 1950 to 1959 at $160,900 of the total. Additionally, it has the smallest proportion of value of homes built 1940 to 1949 at $165,900 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for New Britain residents. it has a Owner-Household Size of 2.5 which is less than most other places in the metro area. The city with the highest homeowner household size in the area is Hartford which shows a homeowner household size of 2.8 (9.8% larger).

Figure 37 shows the household size for renters. New Britain shows it has a Renter-Household Size of 2.4 which is ranked #1 of all places in the greater New Britain region. Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 8% of the total and is ranked #2. The only larger city being Bristol with 8%. Second, it has the smallest proportion of owners moved in 2000 to 2009 at 14% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2003 which is the second most median year that a home owner moved in of all the places in the greater New Britain region. Figure 41 compares the median year that renters moved into their home. New Britain shows it has a Renter Median Year Moved In of 2014 which is the second most median year that a renter moved in of all the places in the greater New Britain region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of homes using solar energy less than most other places in the metro area at 0% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the New Britain housing department, Connecticut department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. New Britain depicts it has a Total In Group Quarters of 2,712 which is the second most of all the places in the local area.