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South Central Connecticut Planning Region Housing Market

Connecticut · 9 counties · Ranked #2747 in home value

Above National Avg

Housing at a Glance

Median Home Value

$328,300

vs national+$328,300 vs $281,900 national

Median Gross Rent

$1,463/mo

vs national+$1,463 vs $1,163 national

Effective Tax Rate

2.03%

vs national+2.03% vs 1.02% national

Median Household Income

$86,266

vs national+$86,266 vs $74,755 national

Affordability Ratio

3.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$6,676

Tax as % of Home Value

2.03%

Monthly Owner Cost

$1,896

Renter Income

$48,244

Frequently Asked Questions

What is the median home value in South Central Connecticut Planning Region?
The median home value in South Central Connecticut Planning Region is $328,300. This is above the national median of $281,900.
How much is rent in South Central Connecticut Planning Region?
The median gross rent in South Central Connecticut Planning Region is $1,463 per month.
What is the property tax rate in South Central Connecticut Planning Region?
The effective property tax rate in South Central Connecticut Planning Region is 2.03%. The median annual property tax bill is $6,676.
Is South Central Connecticut Planning Region affordable?
With a home-value-to-income ratio of 3.8x, South Central Connecticut Planning Region is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.