Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Essex area can be challenging. Home prices in Essex are now at a median cost of $573,908, higher than the Connecticut average of $357,181.
The average cost of rent is $1,432/mo in Essex, primarily driven by the current value of real estate in the Essex area. While nearly 44.54% of residents own their homes outright in Essex, 19.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Essex is $9,792 per month. Households that rent pay about 14.63% of their income on rent here. Essex's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Centerbrook, CT: less expensive homes
- Essex Village, CT: less expensive homes
- Ivoryton, CT: less expensive homes
- Deep River, CT: less expensive homes
- Hamburg, CT: equally priced homes
- Old Saybrook, CT: less expensive homes
- Westbrook, CT: less expensive homes
- Hadlyme, CT: less expensive homes
- Old Lyme, CT: less expensive homes
- Chester, CT: less expensive homes
Cities with Similar Populations
- Elm Springs, AR: less expensive homes
- Barnesville, MN: less expensive homes
- Santa Maria, PR: less expensive homes
- Lake Erie Beach, NY: less expensive homes
- Grantville, PA: less expensive homes
- Girard, KS: less expensive homes
- Elsie, MI: less expensive homes
- Elim, PA: less expensive homes
- East Rockingham, NC: less expensive homes
- Dyer, TN: less expensive homes
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