Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Falls Village area can be challenging. Home prices in Falls Village are now at a median cost of $454,929, higher than the Connecticut average of $357,181.
The average cost of rent is $1,254/mo in Falls Village, primarily driven by the current value of real estate in the Falls Village area. While nearly 42.24% of residents own their homes outright in Falls Village, 16.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Falls Village is $7,100 per month. Households that rent pay about 17.66% of their income on rent here. Falls Village's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- South Canaan, CT: less expensive homes
- Lime Rock, CT: equally priced homes
- Salisbury, CT: higher priced homes
- Canaan, CT: less expensive homes
- Lakeville, CT: higher priced homes
- East Canaan, CT: less expensive homes
- West Cornwall, CT: equally priced homes
- Ashley Falls, MA: less expensive homes
- Norfolk, CT: less expensive homes
- Taconic, CT: higher priced homes
Cities with Similar Populations
- Hogg, TX: less expensive homes
- Luce, MI: less expensive homes
- La Moille, IL: less expensive homes
- Keystone, SD: less expensive homes
- Kenmare, ND: less expensive homes
- Jumpertown, MS: less expensive homes
- Jay, NY: less expensive homes
- Inverness, MS: less expensive homes
- Illiopolis, IL: less expensive homes
- Hughes, AR: less expensive homes
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