The Most Affordable Neighborhoods in Prospect Hill, New Haven, CT by Home Value

 

Prospect Hill, New Haven, CT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Prospect Hill area can be challenging. Home prices in Prospect Hill are now at a median cost of $632,443, higher than the New Haven average of $267,376.

The average cost of rent is $1,525/mo in Prospect Hill, primarily driven by the current value of real estate in the Prospect Hill area. While nearly 36.03% of residents own their homes outright in Prospect Hill, 77.75% rent.

Housing affordability isn’t just about home prices, though. The average household income in Prospect Hill is $5,724 per month. Households that rent pay about 26.63% of their income on rent here. Prospect Hill's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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