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These days, finding an affordable place to live in the Woodmont area can be challenging. Home prices in Woodmont are now at a median cost of $470,409, higher than the Connecticut average of $418,901.
The average cost of rent is $1,885/mo in Woodmont, primarily driven by the current value of real estate in the Woodmont area. In Woodmont, 17.91% of households rent, and 49.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Woodmont is $7,531 per month. Households that rent pay about 25.03% of their income on rent here. Woodmont’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Haven, CT: less expensive homes
- Milford, CT: less expensive homes
- Orange, CT: equally priced homes
- East Haven, CT: less expensive homes
- New Haven, CT: less expensive homes
- Stratford, CT: less expensive homes
- Derby, CT: less expensive homes
- Woodbridge, CT: higher priced homes
- Shelton, CT: equally priced homes
- Ansonia, CT: less expensive homes
Cities with Similar Populations
- Warren Park, IN: less expensive homes
- Creekside, PA: less expensive homes
- Cumberland, OH: less expensive homes
- Dallesport, WA: less expensive homes
- Dove Creek, CO: less expensive homes
- Frederic, MI: less expensive homes
- Gibbon, MN: less expensive homes
- Stanfield, AZ: less expensive homes
- Wadsworth, NV: less expensive homes
- Ashland, IL: less expensive homes
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