Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Redding area can be challenging. Home prices in Redding are now at a median cost of $530,548, higher than the Connecticut average of $357,181.
The average cost of rent is $1,616/mo in Redding, primarily driven by the current value of real estate in the Redding area. While nearly 26.24% of residents own their homes outright in Redding, 14.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Redding is $11,742 per month. Households that rent pay about 13.76% of their income on rent here. Redding's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Georgetown, CT: higher priced homes
- Ridgefield, CT: higher priced homes
- Bethel, CT: less expensive homes
- Cannondale, CT: higher priced homes
- Weston, CT: higher priced homes
- Easton, CT: higher priced homes
- Newtown, CT: less expensive homes
- Danbury, CT: less expensive homes
- Wilton, CT: higher priced homes
- South Salem, NY: equally priced homes
Cities with Similar Populations
- Wonder Lake, IL: less expensive homes
- Attalla, AL: less expensive homes
- Barnesville, GA: less expensive homes
- Bassett, VA: less expensive homes
- Bath, ME: less expensive homes
- Baxter, MN: less expensive homes
- Belle Vernon, PA: less expensive homes
- Belle View, VA: higher priced homes
- Bellefontaine Neighbors, MO: less expensive homes
- Winsted, CT: less expensive homes
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