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These days, finding an affordable place to live in the Newent area can be challenging. Home prices in Newent are now at a median cost of $325,653, lower than the Connecticut average of $418,901.
The average cost of rent is $1,045/mo in Newent, primarily driven by the current value of real estate in the Newent area. In Newent, 4.01% of households rent, and 44.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newent is $6,656 per month. Households that rent pay about 15.70% of their income on rent here. Newent’s most expensive areas are in the central 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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Cities with Similar Populations
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