
Home Price Key
These days, finding an affordable place to live in the Cannondale area can be challenging. Home prices in Cannondale are now at a median cost of $951,992, higher than the Connecticut average of $357,181.
The average cost of rent is $1,718/mo in Cannondale, primarily driven by the current value of real estate in the Cannondale area. While nearly 29.79% of residents own their homes outright in Cannondale, 20.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cannondale is $18,344 per month. Households that rent pay about 9.37% of their income on rent here. Cannondale's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
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