A ongoing real estate trend in Danbury is that the western part of town is more expensive to purchase or rent homes compared to the rest of the city. One might say there is a so called ‘lack’ of starter homes and apartments if you are in the market for that type of real estate. As the western side of Danbury was devolved later in time compared to the Urban Core and rest of the the city limits, land supply grew close and the town made zoning pretty much 1+ acre lots. Due to the size of the lots and costs associated with construction, the neighborhoods that were developed consist of larger homes that were were already existing, geared toward move trade up, corporate relocation clients or clients that need larger homes. The trend did continue of the years. There are some pockets of relativity affordable single family homes where the market values are just under about $300,000 such as the Benson Drive area, Terry Drive, Ward Drive area, Old Lantern area and Saddle Rock,where raised ranch style homes are common. As far condos/townhomes go, you can find a great unit over at Westwood Village, Kensington Woods, Briar Woods or a smaller unit at Lake Place or Rivington.If none of the options work, or there is limited inventory, you might just have to wait or look further away from New York. Danbury is only 42 square miles of land.
As far as multifamily dwellings, there are a couple of reasons why they are not around. Most multi family homes were original homes single families homes on smaller lots in-town that were converted into apartments when families grew and town water/sewer were added. The older homes in the west side where typically on large lots for farming.Though over the years, the land was subdivided but remain on septic and wells. Eventually, zoning rules were put into place which kept multi families basically out.
You would have to look closer to town to find them,such as the far end of Lake Avenue or off of Park Avenue. It’s just the way it is. Newer upscale apartment complexes have been built over the last few years (Crown Point, Willow Grove, Abbey Woods and Mayfair Square) if you are not committed to purchasing. Sometimes single family homes or condos offered by private owners become available to lease.
Are you in the market for a home in the western part of Danbury? View current properties on the market, or contact me with your ‘wish list’.