commercial trade area report · 2019-03-19 · work on home improvement and remodeling projects,...

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Emanuel Greenspan REALTOR ® COMMERCIAL TRADE AREA REPORT Milford, CT 06461 P| r| e| s| e| n| t | e| d| | b| y Connecticut Real Estate License: REB.0789685 W| o| rk| : | | 203| - | 706| - | 2246 | M| o| b| i| l| e| : | | 203| - | 706| - | 2246 M| a| i| n| : | | m| a| n| n| i| e| @| g| re| e| n| sp| a| n| re| . | c | o| m | M| a| i| n| : | | m| a| n| n| i| e| @| g| re| e| n| sp| a| n| re| . | c | o| m Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019

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Page 1: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

Emanuel Greenspan REALTOR®

COMMERCIAL TRADE AREA REPORT

Milford, CT 06461

P |r |e |s |e |n |t |e |d | |b |y

Connecticut Real Estate License: REB.0789685

W|o|rk|: | |203|- |706|- |2246 | M|o|b|i |l |e|: | |203|- |706|- |2246

M|a|i |n|: | |m|a|n|n|i |e|@|g|re|e|n|sp|a|n|re|. |c |o|m | M|a|i |n|: | |m|a|n|n|i |e|@|g|re|e|n|sp|a|n|re|. |c |o|m

Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.

3/19/2019

Page 2: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

Criteria Used for AnalysisIncome:Median Household Income

Age:Median Age

Population Stats:Total Population

Segmentation:1st Dominant Segment

$95,811 45.5 15,016 PleasantvilleTotal dollars:$95,811 out of $5,614

Total years:45.5 out of 15,016.0

Consumer SegmentationLife Mode UrbanizationWhat are thepeople like thatlive in this area?

Upscale AvenuesProsperous, married couples in higher-densityneighborhoods

Where do peoplelike this usuallylive?

Suburban PeripheryAffluence in the suburbs, married couple-families,longer commutes

Top TapestrySegments Pleasantville Savvy Suburbanites Golden Years Green Acres Parks and Rec

% of Households 1,190 (21.2%) 1,115 (19.9%) 1,104 (19.7%) 842 (15.0%) 828 (14.7%)

% of Milford 4,908 (23.1%) 1,421 (6.7%) 2,616 (12.3%) 891 (4.2%) 4,131 (19.5%)

Lifestyle Group Upscale Avenues Affluent Estates Senior Styles Cozy Country Living GenXurban

Urbanization Group Suburban Periphery Suburban Periphery Suburban Periphery Rural Suburban Periphery

Residence Type Single Family Single Family Multi-Units; SingleFamily

Single Family Single Family

Household Type Married Couples Married Couples Singles Married Couples Married Couples

Average Household Size 2.86 2.83 2.05 2.69 2.49

Median Age 41.9 44.1 51 43 40.3

Diversity Index 58.1 33.2 40.6 24 47.5

Median Household Income $85,000 $104,000 $61,000 $72,000 $55,000

Median Net Worth $285,000 $502,000 $140,000 $226,000 $98,000

Median Home Value $31,200 $311,000 $283,000 $197,000 $180,000

Homeownership 83.6 % 91 % 63.7 % 86.7 % 70.7 %

Employment Professional orManagement

Professional orManagement

Professional orServices

Professional orManagement

Professional,Management orAdministration

Education Some College orCollege Degree

College Degree College Degree College Degree High School Graduate

Preferred Activities Enjoy outdoorgardening. Go to thebeach, theme parks,museums.

Enjoy good food,wine. DIY gardening,home remodeling.

Travel overseasfrequently. Shop, paybills, track investmentsonline.

Are member ofveterans' club,fraternal order. Dohome improvementprojects.

Take U.S.vacations. Playblackjack, pokeronline.

Financial Invest conservatively Carry first, secondmortgages

Manage portfolios ofCDs, stocks

Bank, pay bills online Budget wisely

Media Have bundled services(TV/Internet/phone)

Shop, bank online Watch cable TV; readnewspapers

Watch TV by satellite Watch Animal Planet,Discovery, HistoryChannel

Vehicle Own/Lease importedSUV

Prefer late-modelSUVs, minivans,station wagons

Prefer late-modelvehicle

Own truck/SUV Own domestic truck orSUV

Milford, CT 06461

Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019

Page 3: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

Who We AreProsperous domesticity best describesthe settled denizens of Pleasantville.Situated principally in older housing insuburban areas in the Northeast(especially in New York and New Jersey)and secondarily in the West (especially inCalifornia), these slightly older couplesmove less than any other market. Manycouples have already transitioned toempty nesters; many are still home toadult children. Families own older, single-family homes and maintain their standardof living with dual incomes. Theseconsumers have higher incomes andhome values and much higher net worth.Older homes require upkeep; homeimprovement and remodeling projects area priority--preferably done by contractors.Residents spend their spare timeparticipating in a variety of sports orwatching movies. They shop online and ina variety of stores, from upscale todiscount, and use the Internet largely forfinancial purposes.

Our NeighborhoodSuburban periphery of large metropolitanareas, primarily in Middle Atlantic or Pacificstates.Most homes owned (and mortgaged).Households composed of older married-couplefamilies, more without children under 18, butmany with children over 18 years.Older, single-family homes: two-thirds builtbefore 1970, close to half from 1950 to 1969.One of the lowest percentages of vacanthousing units at 4.7%.Suburban households with 1 or 2 vehicles anda longer travel time to work.

Socioeconomic TraitsEducation: 64% college educated, 34% with abachelor's degree or higher.Low unemployment at 7.8%; higher labor forceparticipation rate at 67%; higher proportion ofHHs with 2 or more workers.Many professionals in finance,information/technology or management.Median household income denotes affluence,with income primarily from salaries, but alsofrom investments or Social Security andretirement income.Not cost-conscious, these consumers willing tospend more for quality and brands they like.Prefer fashion that is classic and timeless asopposed to trendy.Use all types of media equally (newspapers,magazines, radio, Internet, TV).

Market ProfilePrefer imported SUVs, serviced by a gas stationor car dealer.Invest in conservative securities and contributeto charities.Work on home improvement and remodelingprojects, but also hire contractors.Have bundled services (TV/Internet/phone).Access the Internet via fiber optics or cablemodem, on a newer computer, to pay bills,make purchases and track investments.Subscribe to premium channels (HBO,Showtime or Starz) and use video-on-demandto watch TV shows and movies.Enjoy outdoor gardening, going to the beach,visiting theme parks, frequenting museums andattending rock concerts.

An overview of who makes up this segment across the United States

The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifiesU.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2017. UpdateFrequency: Annually.

This is the

#1dominant segmentfor this area

In this area

21.2%of households fallinto this segment

In the United States

2.2%of households fallinto this segment

About this segment

Pleasantville

Milford, CT 06461

Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019

Page 4: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

Who We AreSavvy Suburbanites residents are welleducated, well read and well capitalized.Families include empty nesters and emptynester wannabes, who still have adultchildren at home. Located in olderneighborhoods outside the urban core,their suburban lifestyle includes homeremodeling and gardening plus the activepursuit of sports and exercise. They enjoygood food and wine, plus the amenities ofthe city's cultural events.

Our NeighborhoodEstablished neighborhoods (most builtbetween 1970 and 1990) found in thesuburban periphery of large metropolitanmarkets.Married couples with no children or olderchildren; average household size is 2.83.91% owner occupied; 71% mortgaged.Primarily single-family homes, with a medianvalue of $311,000.Low vacancy rate at 4.5%.

Socioeconomic TraitsEducation: 48.1% college graduates; 76.1%with some college education.Low unemployment at 5.8%; higher labor forceparticipation rate at 68.5% with proportionatelymore two-worker households at 65.4%.Well-connected consumers that appreciatetechnology and make liberal use of it foreverything from shopping and banking tostaying current and communicating.Informed shoppers that do their research priorto purchasing and focus on quality.

Market ProfileResidents prefer late model, family-orientedvehicles: SUVs, minivans, and station wagons.Gardening and home remodeling arepriorities, usually DIY. Riding mowers andpower tools are popular, although they alsohire contractors for the heavy lifting.There is extensive use of housekeeping andpersonal care services.Foodies: They like to cook and prefer natural ororganic products.These investors are financially active, using anumber of resources for informed investing.They are not afraid of debt; many householdscarry first and second mortgages, plus homeequity credit lines.Physically fit, residents actively pursue anumber of sports, from skiing to golf, and investheavily in sports gear and exercise equipment.

An overview of who makes up this segment across the United States

The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifiesU.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2017. UpdateFrequency: Annually.

This is the

#2dominant segmentfor this area

In this area

19.9%of households fallinto this segment

In the United States

3.0%of households fallinto this segment

About this segment

Savvy Suburbanites

Milford, CT 06461

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Page 5: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

Who We AreGolden Years residents are independent,active seniors nearing the end of theircareers or already in retirement. Thismarket is primarily singles living alone orempty nesters. Those still active in thelabor force are employed in professionaloccupations; however, these consumersare actively pursuing a variety of leisureinterests--travel, sports, dining out,museums and concerts. They areinvolved, focused on physical fitness andenjoying their lives. This market issmaller, but growing, and financiallysecure.

Our NeighborhoodThis older market has a median age of 51years and a disproportionate share (nearly30%) of residents aged 65 years or older.Single-person households (over 40%) andmarried-couple families with no children (one-third) dominate these neighborhoods; averagehousehold size is low at 2.05.Most of the housing was built after 1970;approximately 43% of householders live insingle-family homes and 42% in multi-unitdwellings.These neighborhoods are found in largemetropolitan areas, outside central cities,scattered across the U.S.

Socioeconomic TraitsGolden Years residents are well educated--20% have graduate or professional degrees,26% have bachelor's degrees, and 26% havesome college credits.Unemployment is low at 7%, but so is laborforce participation at 55%, due to residentsreaching retirement.Median household income is higher in thismarket, more than $61,000. Although wagesstill provide income to 2 out of 3 households,earned income is available from investments,Social Security benefits and retirementincome.These consumers are well connected: Internetaccess is used for everything from shopping orpaying bills to monitoring investments andentertainment.They are generous supporters of the arts andcharitable organizations.They keep their landlines and view cell phonesmore as a convenience.

Market ProfileAvid readers, they regularly read dailynewspapers, particularly the Sunday edition.They subscribe to cable TV; news and sportsprograms are popular as well as on-demandmovies.They use professional services to maintaintheir homes inside and out and minimize theirchores.Leisure time is spent on sports (tennis, golf,boating and fishing) or simple exercise likewalking.Good health is a priority; they believe inhealthy eating, coupled with vitamins anddietary supplements.Active social lives include travel, especiallyabroad, plus going to concerts and museums.Residents maintain actively managed financialportfolios that include a range of instrumentssuch as common stock and certificates ofdeposit (more than six months).

An overview of who makes up this segment across the United States

The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifiesU.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2017. UpdateFrequency: Annually.

This is the

#3dominant segmentfor this area

In this area

19.7%of households fallinto this segment

In the United States

1.3%of households fallinto this segment

About this segment

Golden Years

Milford, CT 06461

Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019

Page 6: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

Who We AreThe Green Acres lifestyle features countryliving and self-reliance. They are avid do-it-yourselfers, maintaining and remodelingtheir homes, with all the necessary powertools to accomplish the jobs. Gardening,especially growing vegetables, is also apriority, again with the right tools, tillers,tractors and riding mowers. Outdoor livingalso features a variety of sports: huntingand fishing, motorcycling, hiking andcamping, and even golf. Self-describedconservatives, residents of Green Acresremain pessimistic about the near futureyet are heavily invested in it.

Our NeighborhoodRural enclaves in metropolitan areas, primarily(not exclusively) older homes with acreage;new housing growth inthe past 10 years.Single-family, owner-occupied housing, with amedian value of $197,000.An older market, primarily married couples,most with no children.

Socioeconomic TraitsEducation: 60% are college educated.Unemployment is low at 6%; labor forceparticipation rate is high at 67.4%.Income is derived not only from wages andsalaries but also from self-employment (morethan 15% of households), investments (30% ofhouseholds), and increasingly, from retirement.They are cautious consumers with a focus onquality and durability.Comfortable with technology, more as a toolthan a trend: banking or paying bills online isconvenient; but the Internet is not viewed asentertainment.Economic outlook is professed as pessimistic,but consumers are comfortable with debt,primarily as home and auto loans, andinvestments.

Market ProfilePurchasing choices reflect Green Acres'residents country life, including a variety ofvehicles from trucks and SUVs to ATVs andmotorcycles, preferably late model.Homeowners favor DIY home improvementprojects and gardening.Media of choice are provided by satelliteservice, radio and television, also with anemphasis on country and home and garden.Green Acres residents pursue physical fitnessvigorously, from working out on home exerciseequipment to playing a variety of sports.Residents are active in their communities anda variety of social organizations, from fraternalorders to veterans' clubs.

An overview of who makes up this segment across the United States

The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifiesU.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2017. UpdateFrequency: Annually.

This is the

#4dominant segmentfor this area

In this area

15.0%of households fallinto this segment

In the United States

3.2%of households fallinto this segment

About this segment

Green Acres

Milford, CT 06461

Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019

Page 7: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

Who We ArePractical Parks and Rec suburbaniteshave achieved the dream of homeownership. They have purchased homesthat are within their means. Their homesare older, and townhomes and duplexesare not uncommon. Many of these familiesare two-income married couplesapproaching retirement age; they arecomfortable in their jobs and their homes,budget wisely, but do not plan on retiringanytime soon or moving. Neighborhoodsare well established, as are the amenitiesand programs that supported their nowindependent children through school andcollege. The appeal of these kid-friendlyneighborhoods is now attracting a newgeneration of young couples.

Our NeighborhoodHomes are primarily owner-occupied, single-family residences built prior to 1970;townhomes and duplexes are scattered throughthe neighborhoods.Both median home value and average rent areclose to the national level.Households by type mirror the U.S. distribution;married couples, more without children,dominate. Average household size is slightlylower at 2.49, but this market is also a bit older.

Socioeconomic TraitsMore than half of the population is collegeeducated.Older residents draw Social Security andretirement income.The work force is diverse: professionals inhealth care, retail trade and education, orskilled workers in manufacturing andconstruction.This is a financially shrewd market; consumersare careful to research their big-ticketpurchases.When planning trips, they search fordiscounted airline fares and hotels and chooseto vacation within the U.S.These practical residents tend to use their cellphones for calls and texting only.

Market ProfileCost and practicality come first whenpurchasing a vehicle; Parks and Rec residentsare more likely to buy domestic SUVs or trucksover compact or subcompact vehicles.Budget-conscious consumers stock up onstaples at warehouse clubs.Pass time at home watching documentaries onAnimal Planet, Discovery or History channels.For an outing, they choose to dine out atfamily-style restaurants and attend movies.Between trips to the casinos, they gamble onlottery tickets and practice their blackjack andpoker skills online.Convenience is important in the kitchen; theyregularly use frozen or packaged main coursemeals. Ground coffee is preferred over coffeebeans.Residents here take advantage of local parksand recreational activities. Their exerciseroutine is a balance of home-based exercise; asession at their local community gym; or aquick jog, swim or run.

An overview of who makes up this segment across the United States

The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifiesU.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2017. UpdateFrequency: Annually.

This is the

#5dominant segmentfor this area

In this area

14.7%of households fallinto this segment

In the United States

2.0%of households fallinto this segment

About this segment

Parks and Rec

Milford, CT 06461

Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019

Page 8: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

20172022 (Projected)

Total PopulationThis chart shows the total population inan area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

20172022 (Projected)

Population DensityThis chart shows the number of peopleper square mile in an area, comparedwith other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

20172022 (Projected)

Population Change Since 2010This chart shows the percentage changein area's population from 2010 to 2017,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

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Total Daytime PopulationThis chart shows the number of peoplewho are present in an area during normalbusiness hours, including workers, andcompares that population to othergeographies. Daytime population is incontrast to the "resident" populationpresent during evening and nighttimehours.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Milford, CT 06461: Population Comparison06461  

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Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019

Page 9: Commercial Trade Area Report · 2019-03-19 · Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet

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Daytime Population DensityThis chart shows the number people whoare present in an area during normalbusiness hours, including workers, persquare mile in an area, compared withother geographies. Daytime population isin contrast to the "resident" populationpresent during evening and nighttimehours.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

20172022 (Projected)

Average Household SizeThis chart shows the average householdsize in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

20172022 (Projected)

Population Living in FamilyHouseholdsThis chart shows the percentage of anarea’s population that lives in ahousehold with one or more individualsrelated by birth, marriage or adoption,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Women 2017Men 2017Women 2022 (Projected)Men 2022 (Projected)

Female / Male RatioThis chart shows the ratio of females tomales in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

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Milford, CT 06461

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20172022 (Projected)

Median AgeThis chart shows the median age in anarea, compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

20172022 (Projected)

Population by AgeThis chart breaks down the population ofan area by age group.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Milford, CT 06461: Age Comparison06461  

Milford, CT 06461

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MarriedUnmarried

Married / Unmarried AdultsRatioThis chart shows the ratio of married tounmarried adults in an area, comparedwith other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

MarriedThis chart shows the number of people inan area who are married, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Never MarriedThis chart shows the number of people inan area who have never been married,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

WidowedThis chart shows the number of people inan area who are widowed, comparedwith other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

DivorcedThis chart shows the number of people inan area who are divorced, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Milford, CT 06461: Marital Status Comparison06461  

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20172022 (Projected)

Average Household IncomeThis chart shows the average householdincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

20172022 (Projected)

Median Household IncomeThis chart shows the median householdincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

20172022 (Projected)

Per Capita IncomeThis chart shows per capita income in anarea, compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Average Disposable IncomeThis chart shows the average disposableincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Milford, CT 06461: Economic Comparison06461  

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New Haven CountyConnecticutUSA

Unemployment RateThis chart shows the unemploymenttrend in an area, compared with othergeographies.Data Source: Bureau of Labor Statisticsvia 3DLUpdate Frequency: Monthly

Employment Count byIndustryThis chart shows industries in an areaand the number of people employed ineach category.Data Source: Bureau of Labor Statisticsvia Esri, 2017Update Frequency: Annually

Milford, CT 06461

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Less than 9th GradeThis chart shows the percentage ofpeople in an area who have less than aninth grade education, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Some High SchoolThis chart shows the percentage ofpeople in an area whose highesteducational achievement is some highschool, without graduating or passing ahigh school GED test, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

High School GEDThis chart shows the percentage ofpeople in an area whose highesteducational achievement is passing ahigh school GED test, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

High School GraduateThis chart shows the percentage ofpeople in an area whose highesteducational achievement is high school,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Some CollegeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is somecollege, without receiving a degree,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Milford, CT 06461: Education Comparison06461  

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Associate DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is an associatedegree, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Bachelor's DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is a bachelor'sdegree, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Grad/Professional DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is a graduateor professional degree, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

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Average Commute TimeThis chart shows average commute timesto work, in minutes, by percentage of anarea's population.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

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How People Get to WorkThis chart shows the types oftransportation that residents of the areayou searched use for their commute, bypercentage of an area's population.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2017Update Frequency: Annually

Milford, CT 06461: Commute Comparison

Milford, CT 06461

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Median Estimated Home ValueThis chart displays property estimates foran area and a subject property, whereone has been selected. Estimated homevalues are generated by a valuationmodel and are not formal appraisals.Data Source: Valuation calculationsbased on public records and MLS sourceswhere licensedUpdate Frequency: Monthly

12-Month Change in MedianEstimated Home ValueThis chart shows the 12-month change inthe estimated value of all homes in thisarea, the county and the state. Estimatedhome values are generated by avaluation model and are not formalappraisals.Data Source: Valuation calculationsbased on public records and MLS sourceswhere licensedUpdate Frequency: Monthly

Median Listing PriceThis chart displays the median listingprice for homes in this area, the countyand the state.Data Source: On- and off-market listingssourcesUpdate Frequency: Monthly

12-Month Change in MedianListing PriceThis chart displays the 12-month changein the median listing price of homes inthis area, and compares it to the countyand state.Data Source: On- and off-market listingssourcesUpdate Frequency: Monthly

Milford, CT 06461: Home Value Comparison

Milford, CT 06461

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Best Retail Businesses: Milford, CT 06461

This chart shows the types of businesses that consumers are leaving an area to find. The business types represented by blue bars are relatively scarce in the area,so consumers go elsewhere to have their needs met. The beige business types are relatively plentiful in the area, meaning there are existing competitors for thedollars that consumers spend in these categories.Data Source: Retail Marketplace via Esri, 2017Update Frequency: Annually

Milford, CT 06461

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Daily Traffic Counts: Over 100,000 / day50,001 – 100,00030,001 – 50,00015,001 – 30,0006,001 – 15,000Up 6,000 / day

129,5132017 Est. dailytraffic counts

S |t |r |e |e |t |: I- 95C|r |o |s |s |: Forest RdC|r |o |s |s | |D|i |r |: SED|i |s |t |: 0.06 miles

H|i |s |t |o |r |i |c |a |l | |c |o |u |n |t |sYear Count Type

2012 136,000 ADT

2005 126,900 ADT

2002 128,900 ADT

2001 133,800 ADT

1997 119,700 AADT

125,3232017 Est. dailytraffic counts

S |t |r |e |e |t |: I- 95C|r |o |s |s |: High StC|r |o |s |s | |D|i |r |: NED|i |s |t |: 0.21 miles

H|i |s |t |o |r |i |c |a |l | |c |o |u |n |t |sYear Count Type

2012 126,900 ADT

2005 125,800 ADT

2002 128,000 ADT

2001 128,900 ADT

1997 111,200 AADT

125,1102017 Est. dailytraffic counts

S |t |r |e |e |t |: I- 95C|r |o |s |s |: Schoolhouse RdC|r |o |s |s | |D|i |r |: NED|i |s |t |: 0.25 miles

H|i |s |t |o |r |i |c |a |l | |c |o |u |n |t |sYear Count Type

2012 117,900 ADT

2005 115,500 ADT

2002 115,000 ADT

121,9702017 Est. dailytraffic counts

S |t |r |e |e |t |: I- 95C|r |o |s |s |: High StC|r |o |s |s | |D|i |r |: NED|i |s |t |: 0.03 miles

H|i |s |t |o |r |i |c |a |l | |c |o |u |n |t |sYear Count Type

2012 118,300 ADT

2005 116,500 ADT

2002 119,500 ADT

121,7062017 Est. dailytraffic counts

S |t |r |e |e |t |: I- 95C|r |o |s |s |: Naugatuck AveC|r |o |s |s | |D|i |r |: WD|i |s |t |: 0.49 miles

H|i |s |t |o |r |i |c |a |l | |c |o |u |n |t |sYear Count Type

2012 108,900 ADT

2005 106,200 ADT

2002 108,400 ADT

Traffic Counts

N|O|T|E|: | |D|a|i |l |y | |T|ra|f f i |c | |C|o|u|n|t |s |a|re| |a| |m|i |x |t |u|re| |o|f |a|c |t |u|a|l | |a|n|d| |E|st |i |m|a|t |e|s |( |* |)

Milford, CT 06461

Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019

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About RPR (Realtors Property Resource)

Realtors Property Resource® is a wholly owned subsidiary of the NationalAssociation REALTORS®.RPR offers comprehensive data – including a nationwide database of 164 millionproperties – as well as powerful analytics and dynamic reports exclusively formembers of the NAR.RPR's focus is giving residential and commercial real estate practitioners,brokers, and MLS and Association staff the tools they need to serve their clients.This report has been provided to you by a member of the NAR.

About RPR's DataRPR generates and compiles real estate and other data from a vast array of sources.The data contained in your report includes some or all of the following:

Listing data from our partner MLSs and CIEs, and related calculations, likeestimated value for a property or median sales price for a local market.Public records data including tax, assessment, and deed information.Foreclosure and distressed data from public records and RealtyTrac.Market conditions and forecasts based on listing and public records data.Census and employment data from the U.S. Census and the U.S. Bureau ofLabor Statistics.Demographics and trends data from Esri. The data in commercial and economicreports includes Tapestry Segmentation, which classifies U.S. residentialneighborhoods into unique market segments based on socioeconomic anddemographic characteristics.Business data including consumer expenditures, commercial market potential,retail marketplace, SIC and NAICS business information, and banking potentialdata from Esri.School data and reviews from Niche.Specialty data sets such as walkability scores, traffic counts and flood zones.

Update FrequencyListings and public records data are updated on a continuous basis.Charts and statistics calculated from listing and public records data are refreshedmonthly.Other data sets range from daily to annual updates.

Learn moreFor more information about RPR, please visit RPR'spublic website: http://blog.narrpr.com

Milford, CT 06461

Copyright 2019 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/19/2019