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These days, finding an affordable place to live in the Greenwich area can be challenging. Home prices in Greenwich are now at a median cost of $1,509,516, higher than the Connecticut average of $418,901.
The average cost of rent is $2,809/mo in Greenwich, primarily driven by the current value of real estate in the Greenwich area. In Greenwich, 34.83% of households rent, and 40.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Greenwich is $14,914 per month. Households that rent pay about 18.84% of their income on rent here. Greenwich’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rye Brook, NY: less expensive homes
- Cos Cob, CT: equally priced homes
- Port Chester, NY: less expensive homes
- Riverside, CT: higher priced homes
- Purchase, NY: higher priced homes
- Old Greenwich, CT: higher priced homes
- Harrison, NY: less expensive homes
- Rye, NY: higher priced homes
- Stamford, CT: less expensive homes
- West Harrison, NY: less expensive homes
Cities with Similar Populations
- Willowbrook, CA: less expensive homes
- College Park, MD: less expensive homes
- Claremont, CA: less expensive homes
- Old Bridge, NJ: less expensive homes
- Rome, NY: less expensive homes
- Rockledge, FL: less expensive homes
- Ringgold, GA: less expensive homes
- Port Huron, MI: less expensive homes
- Perry Hall, MD: less expensive homes
- Peachtree City, GA: less expensive homes
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