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These days, finding an affordable place to live in the Bantam area can be challenging. Home prices in Bantam are now at a median cost of $337,523, lower than the Connecticut average of $418,901.
The average cost of rent is $813/mo in Bantam, primarily driven by the current value of real estate in the Bantam area. In Bantam, 30.40% of households rent, and 33.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bantam is $7,742 per month. Households that rent pay about 10.50% of their income on rent here. Bantam’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Woodville, CT: higher priced homes
- Lakeside, CT: higher priced homes
- Morris, CT: higher priced homes
- Litchfield, CT: higher priced homes
- Milton, CT: higher priced homes
- Washington Depot, CT: higher priced homes
- Bethlehem, CT: higher priced homes
- Warren, CT: higher priced homes
- New Preston-Marble Dale, CT: higher priced homes
- New Preston, CT: higher priced homes
Cities with Similar Populations
- Philipsburg, MT: equally priced homes
- Hardyville, KY: less expensive homes
- Eagle Rock, VA: less expensive homes
- Segno, TX: less expensive homes
- Round Mountain, NV: less expensive homes
- Faber, VA: equally priced homes
- Riverton, KS: less expensive homes
- Floral, AR: less expensive homes
- Riceville, IA: less expensive homes
- Pulaski, MI: less expensive homes
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