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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 $619,082, higher than the Connecticut average of $418,901.
The average cost of rent is $1,783/mo in Stonington, primarily driven by the current value of real estate in the Stonington area. In Stonington, 22.72% of households rent, and 41.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stonington is $10,511 per month. Households that rent pay about 16.96% of their income on rent here. Stonington’s most expensive areas are in the southeastern 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
- Wequetequock, CT: less expensive homes
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- 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
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- 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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