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These days, finding an affordable place to live in the South Ellsworth area can be challenging. Home prices in South Ellsworth are now at a median cost of $705,800, higher than the Connecticut average of $418,901.
The average cost of rent is $1,750/mo in South Ellsworth, primarily driven by the current value of real estate in the South Ellsworth area. In South Ellsworth, 4.58% of households rent, and 41.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Ellsworth is $8,206 per month. Households that rent pay about 21.33% of their income on rent here. South Ellsworth’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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