Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Stonington area can be challenging. Home prices in Stonington are now at a median cost of $524,575, higher than the Connecticut average of $357,181.
The average cost of rent is $1,417/mo in Stonington, primarily driven by the current value of real estate in the Stonington area. While nearly 44.30% of residents own their homes outright in Stonington, 28.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Stonington is $7,672 per month. Households that rent pay about 18.47% of their income on rent here. Stonington's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Wequetequock, CT: less expensive homes
- Old Mystic, CT: less expensive homes
- Mystic, CT: less expensive homes
- Pawcatuck, CT: less expensive homes
- Noank, CT: equally priced homes
- Westerly, RI: less expensive homes
- Groton Long Point, CT: higher priced homes
- Ledyard, CT: less expensive homes
- North Stonington, CT: less expensive homes
- Groton, CT: less expensive homes
Cities with Similar Populations
- Bonners Ferry, ID: less expensive homes
- Scranton, SC: less expensive homes
- Bradford, OH: less expensive homes
- Owingsville, KY: less expensive homes
- Boyce, LA: less expensive homes
- Chouteau, OK: less expensive homes
- Bowling Green, FL: less expensive homes
- Bourbon, MO: less expensive homes
- Boonville, NY: less expensive homes
- Brandon, VT: less expensive homes
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