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These days, finding an affordable place to live in the Torrington area can be challenging. Home prices in Torrington are now at a median cost of $211,200, lower than the Connecticut average of $418,901.
The average cost of rent is $1,218/mo in Torrington, primarily driven by the current value of real estate in the Torrington area. In Torrington, 33.85% of households rent, and 36.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Torrington is $6,424 per month. Households that rent pay about 18.97% of their income on rent here. Torrington’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harwinton, CT: higher priced homes
- East Litchfield, CT: higher priced homes
- New Hartford, CT: higher priced homes
- Litchfield, CT: higher priced homes
- Nepaug, CT: higher priced homes
- Goshen, CT: higher priced homes
- Winchester Center, CT: higher priced homes
- Northfield, CT: higher priced homes
- Winsted, CT: higher priced homes
- Milton, CT: higher priced homes
Cities with Similar Populations
- Andover, MA: higher priced homes
- Rubidoux, CA: higher priced homes
- Roseville, MN: higher priced homes
- Rio Grande City, TX: less expensive homes
- Paragould, AR: less expensive homes
- Palmetto, FL: higher priced homes
- Oak Creek, WI: higher priced homes
- North Ridgeville, OH: higher priced homes
- Natick, MA: higher priced homes
- San Lorenzo, PR: less expensive homes
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