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These days, finding an affordable place to live in the New Haven area can be challenging. Home prices in New Haven are now at a median cost of $335,669, lower than the Connecticut average of $418,901.
The average cost of rent is $1,584/mo in New Haven, primarily driven by the current value of real estate in the New Haven area. In New Haven, 37.59% of households rent, and 37.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Haven is $8,136 per month. Households that rent pay about 19.47% of their income on rent here. New Haven’s most expensive areas are in the southwestern 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
- East Haven, CT: less expensive homes
- West Haven, CT: less expensive homes
- Hamden, CT: equally priced homes
- Spring Glen, CT: higher priced homes
- Woodbridge, CT: higher priced homes
- North Haven, CT: higher priced homes
- Orange, CT: higher priced homes
- Branford Center, CT: equally priced homes
- Branford, CT: higher priced homes
- Woodmont, CT: higher priced homes
Cities with Similar Populations
- St. Joseph, MO: less expensive homes
- Summerville, SC: equally priced homes
- St. Louis, MO: less expensive homes
- Stockbridge, GA: less expensive homes
- Surprise, AZ: higher priced homes
- St. Paul, MN: equally priced homes
- Statesville, NC: less expensive homes
- Suwanee, GA: higher priced homes
- Sunrise Manor, NV: less expensive homes
- Stafford, VA: higher priced homes
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