Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Milford area can be challenging. Home prices in New Milford are now at a median cost of $314,011, lower than the Connecticut average of $357,181.
The average cost of rent is $1,618/mo in New Milford, primarily driven by the current value of real estate in the New Milford area. While nearly 29.81% of residents own their homes outright in New Milford, 20.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Milford is $7,677 per month. Households that rent pay about 21.08% of their income on rent here. New Milford's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Candlewood Point, CT: higher priced homes
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- Washington, CT: higher priced homes
- New Preston, CT: higher priced homes
- Washington Depot, CT: higher priced homes
- Roxbury Falls, CT: higher priced homes
- New Preston-Marble Dale, CT: higher priced homes
Cities with Similar Populations
- Denver, NC: higher priced homes
- Edgewater, CO: higher priced homes
- Eagle River, AK: higher priced homes
- Duncan, OK: less expensive homes
- Duarte, CA: higher priced homes
- Drexel Heights, AZ: less expensive homes
- Douglas, GA: less expensive homes
- Dix Hills, NY: higher priced homes
- District Heights, MD: less expensive homes
- Dickson, TN: less expensive homes
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