Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gales Ferry area can be challenging. Home prices in Gales Ferry are now at a median cost of $255,904, lower than the Connecticut average of $357,181.
The average cost of rent is $1,777/mo in Gales Ferry, primarily driven by the current value of real estate in the Gales Ferry area. While nearly 25.94% of residents own their homes outright in Gales Ferry, 15.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gales Ferry is $8,742 per month. Households that rent pay about 20.33% of their income on rent here. Gales Ferry's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Oxoboxo River, CT: less expensive homes
- Uncasville, CT: less expensive homes
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- Conning Towers Nautilus Park, CT: equally priced homes
- Ledyard, CT: equally priced homes
- Montville, CT: equally priced homes
- Groton, CT: less expensive homes
- New London, CT: less expensive homes
- Mystic, CT: higher priced homes
- Old Mystic, CT: higher priced homes
Cities with Similar Populations
- Vandenberg Village, CA: higher priced homes
- Flourtown, PA: higher priced homes
- Folcroft, PA: less expensive homes
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- Forest Hills, PA: less expensive homes
- Fort Benning, GA: less expensive homes
- Fort Campbell, TN: less expensive homes
- Fort Dix, NJ: equally priced homes
- Vidalia, LA: less expensive homes
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