The Most Affordable Neighborhoods in Hamden, CT by Home Value

These days, finding an affordable place to live in the Hamden area can be challenging. Home prices in Hamden are now at a median cost of $306,971, lower than the Connecticut average of $418,901.

The average cost of rent is $1,652/mo in Hamden, primarily driven by the current value of real estate in the Hamden area. In Hamden, 38.10% of households rent, and 33.84% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hamden is $8,987 per month. Households that rent pay about 18.38% of their income on rent here. Hamden’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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