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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 $221,956, lower than the New York average of $610,895.
The average cost of rent is $848/mo in Hamden, primarily driven by the current value of real estate in the Hamden area. In Hamden, 13.78% of households rent, and 55.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamden is $5,441 per month. Households that rent pay about 15.59% of their income on rent here. Hamden’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- McCallsburg, IA: equally priced homes
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- Mikana, WI: higher priced homes
- Midway, TX: equally priced homes
- Merna, NE: equally priced homes
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