Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Connecticut area can be challenging. Home prices in Connecticut are now at a median cost of $357,181, higher than the the United States average of $313,691.
The average cost of rent is $1,523/mo in Connecticut, primarily driven by the current value of real estate in the Connecticut area. While nearly 34.00% of residents own their homes outright in Connecticut, 30.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Connecticut is $8,513 per month. Households that rent pay about 17.88% of their income on rent here. Connecticut's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the state.
Nearby States
- Rhode Island: less expensive homes
- Massachusetts: higher priced homes
- New Jersey: equally priced homes
- New York: higher priced homes
- New Hampshire: less expensive homes
- Vermont: less expensive homes
- Delaware: less expensive homes
- Pennsylvania: less expensive homes
- Maryland: equally priced homes
- Maine: less expensive homes
States with Similar Populations
- Alaska: less expensive homes
- Hawaii: higher priced homes
- Puerto Rico: less expensive homes
- Michigan: less expensive homes
- New Mexico: less expensive homes
- New Hampshire: less expensive homes
- Mississippi: less expensive homes
- Minnesota: less expensive homes
- Massachusetts: higher priced homes
- Maine: less expensive homes
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