Expensive
Affordable
Affordable
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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 $320,250, lower than the Connecticut average of $418,901.
The average cost of rent is $1,828/mo in Gales Ferry, primarily driven by the current value of real estate in the Gales Ferry area. In Gales Ferry, 19.29% of households rent, and 29.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gales Ferry is $10,044 per month. Households that rent pay about 18.20% of their income on rent here. Gales Ferry’s most expensive areas are in the southeastern 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
- Oxoboxo River, CT: equally priced homes
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- Quaker Hill, CT: equally priced homes
- Conning Towers Nautilus Park, CT: less expensive homes
- Ledyard, CT: equally priced homes
- Montville, CT: higher 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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- Fort Benning, GA: less expensive homes
- Fort Campbell, TN: less expensive homes
- Fort Dix, NJ: higher priced homes
- Vidalia, LA: less expensive homes
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