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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 $702,456, higher than the Connecticut average of $418,901.
The average cost of rent is $1,947/mo in Redding, primarily driven by the current value of real estate in the Redding area. In Redding, 9.77% of households rent, and 34.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redding is $14,458 per month. Households that rent pay about 13.47% of their income on rent here. Redding’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Georgetown, CT: equally 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: higher 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: equally priced homes
- Bellefontaine Neighbors, MO: less expensive homes
- Winsted, CT: less expensive homes
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