The Most Affordable Neighborhoods in Meriden, CT by Home Value

These days, finding an affordable place to live in the Meriden area can be challenging. Home prices in Meriden are now at a median cost of $238,440, lower than the Connecticut average of $418,901.

The average cost of rent is $1,450/mo in Meriden, primarily driven by the current value of real estate in the Meriden area. In Meriden, 40.10% of households rent, and 34.94% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Meriden is $6,539 per month. Households that rent pay about 22.18% of their income on rent here. Meriden’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.

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