Expensive
Affordable
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These days, finding an affordable place to live in the Old Lyme area can be challenging. Home prices in Old Lyme are now at a median cost of $510,331, higher than the Connecticut average of $418,901.
The average cost of rent is $2,316/mo in Old Lyme, primarily driven by the current value of real estate in the Old Lyme area. In Old Lyme, 10.35% of households rent, and 42.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Old Lyme is $11,839 per month. Households that rent pay about 19.57% of their income on rent here. Old Lyme’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Laysville, CT: equally priced homes
- Giants Neck, CT: less expensive homes
- South Lyme, CT: equally priced homes
- Essex Village, CT: higher priced homes
- Fenwick, CT: higher priced homes
- Niantic, CT: less expensive homes
- Hamburg, CT: higher priced homes
- Old Saybrook, CT: equally priced homes
- East Lyme, CT: less expensive homes
- Essex, CT: higher priced homes
Cities with Similar Populations
- Rayville, LA: less expensive homes
- Mora, MN: less expensive homes
- Morton, MS: less expensive homes
- Mosinee, WI: less expensive homes
- Mount Orab, OH: less expensive homes
- Newport, AR: less expensive homes
- North Madison, OH: less expensive homes
- North Weeki Wachee, FL: less expensive homes
- Prestonsburg, KY: less expensive homes
- Quitman, GA: less expensive homes
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