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Affordable
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These days, finding an affordable place to live in the Cobalt area can be challenging. Home prices in Cobalt are now at a median cost of $381,777, lower than the Connecticut average of $418,901.
The average cost of rent is $1,382/mo in Cobalt, primarily driven by the current value of real estate in the Cobalt area. In Cobalt, 1.25% of households rent, and 39.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cobalt is $10,860 per month. Households that rent pay about 12.72% of their income on rent here. Cobalt’s most expensive areas are in the central 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
- Lake Pocotopaug, CT: less expensive homes
- East Hampton, CT: less expensive homes
- Portland, CT: less expensive homes
- South Glastonbury, CT: higher priced homes
- Maromas, CT: equally priced homes
- Marlborough, CT: equally priced homes
- Cromwell, CT: less expensive homes
- Middletown, CT: less expensive homes
- Rocky Hill, CT: less expensive homes
- Westchester, CT: higher priced homes
Cities with Similar Populations
- Wichert, IL: less expensive homes
- Wild Horse, CO: less expensive homes
- Wilbur Springs, CA: higher priced homes
- Wilbur, PA: less expensive homes
- McGinty, LA: less expensive homes
- Melrose, AR: less expensive homes
- Wiest, CA: less expensive homes
- Wick, WV: less expensive homes
- Menauhant, MA: higher priced homes
- Mercier, KS: less expensive homes
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