Connecticut Housing Market: Home Prices, Rent and Affordability
The typical Connecticut home is worth $450,873, up 5.0% over the past year and up 40.3% over five years, 22.3% above the national $368,697 (Zillow, latest release). That ranks #14 of 50 on price. A 20%-down mortgage runs $2,320 a month and takes about $131,866 of income; the median Connecticut household earns $93,228, $38,638 short.
In Hartford, the state's largest metro, typical rent is $2,034 a month against a $2,071 principal-and-interest payment on the typical home, so renting is $37 a month cheaper before taxes, insurance and maintenance. The market is warm: 19.9% of listings cut their price (national 26.4%), homes go pending in 24 days (national 53), and for-sale inventory is up 6.1% from a year ago.
All figures are Zillow Research's published numbers for August; median household income is from the Census Bureau. How the data works → · Home prices in all 50 states →
Connecticut Housing by the Numbers
How much does a house cost in Connecticut? The typical home is worth $450,873, the median sale price is $446,000 and the median list price $489,000. The six figures below describe the market this month, each with the national comparison.
How Have Connecticut Home Prices Changed?
The typical Connecticut home value every month since 2000, with the national typical home as a dashed line. Values rose 5.0% over the past year, are up 40.3% over five years, up 83.7% over ten, and up 174% since January 2000.
Is It Cheaper to Rent or Buy in Connecticut?
Two direct answers from the Zillow data. Rent versus buy sets typical asking rent in Hartford, the state's largest metro, against the mortgage payment on the typical home there, since Zillow publishes rents by metro rather than by state. The affordability gap is the income needed to buy the typical Connecticut home minus what the median household actually earns.
Rent vs. buy · Hartford, CT
The payment excludes property tax (1.79% of value in Connecticut), insurance and maintenance, all of which push the cost of owning higher; renting builds no equity. If values kept rising at the past five years' pace (40.3%), equity would narrow that gap over a long stay.
Affordability gap · #33 of 50
A $2,320 monthly payment takes 29.9% of the median Connecticut household's income before property tax and insurance; lenders generally cap total housing costs near 28–31%. Full budget for your household →
Is Connecticut a Buyer's or a Seller's Market?
Market temperature is our label from three Zillow signals compared with the national market: the share of listings with a price cut, days from listing to pending (days on market), and whether homes for sale are up from a year ago. Connecticut is warm: it slightly favors sellers: one of the three market signals points cooler than the national market.
Median sale price $446,000 against a median list price of $489,000, so the typical home closes 8.8% below asking.
Where the Connecticut market is heading
Compared with a year ago, all three signals point looser, in buyers' favor: the share of listings with a price cut is up 0.7 points from a year ago to 19.9%, homes take 1 day longer to go pending than a year ago (24 now), and the number of homes for sale is up 6.1%. The typical home value rose 5.0% over the same period and is at an all-time high. We publish no forecasts: these are Zillow's current-month readings, not a prediction of where Connecticut home prices go next.
Home Values and Rents in Connecticut Cities
Zillow publishes a city-level home value or rent for 19 of the Connecticut cities we track. The most expensive is Stamford ($724,387) and the cheapest Hartford ($203,792). Click a city for its full profile.
| City | Population | Home value | 1 yr | 5 yr | Rent | Rent 1 yr | Value ÷ income |
|---|---|---|---|---|---|---|---|
| Bridgeport | 148,006 | $364,989 | +4.5% | ||||
| Stamford | 136,212 | $724,387 | +7.7% | ||||
| New Haven | 135,307 | $339,182 | +6.1% | ||||
| Hartford | 119,674 | $203,792 | +1.9% | ||||
| Waterbury | 114,994 | $287,514 | +3.4% | ||||
| Norwalk | 92,460 | $676,843 | +5.6% | ||||
| Danbury | 86,125 | $492,946 | +4.4% | ||||
| New Britain | 74,064 | $312,170 | +8.0% | ||||
| West Hartford | 63,809 | $509,334 | +5.5% | ||||
| Bristol | 61,129 | $350,637 | +5.8% | ||||
| Meriden | 60,418 | $328,086 | +4.5% | ||||
| West Haven | 55,147 | $366,562 | +7.8% | ||||
| East Hartford | 50,798 | $310,951 | +5.2% | ||||
| Middletown | 47,646 | $368,256 | +4.7% | ||||
| Shelton | 41,402 | $565,911 | +4.9% | ||||
| Norwich | 39,992 | $306,163 | +6.3% | ||||
| Manchester | 36,561 | $334,689 | +4.7% | ||||
| Torrington | 35,481 | $301,660 | +3.9% | ||||
| Naugatuck | 31,634 | $353,857 | +3.5% |
Home value and rent are Zillow's city-level indexes; population and median household income are Census ACS. Cities without a Zillow index are omitted. All Connecticut cities ranked →
How Connecticut Compares With Nearby States
The Northeast states closest to Connecticut on price. Each card links to that state's housing page; the compare link puts the two states side by side on every category.
More on Connecticut
Connecticut dashboard
→Overall rank and grade, every category score, taxes, utilities, safety, schools and all tracked cities.
What you'd keep in Connecticut
→Take-home after housing, taxes, childcare, utilities and groceries for your household and income.
Who is moving to Connecticut
→IRS migration data: where new residents come from, where leavers go, and what both groups earn.
Connecticut Housing Market FAQ
What is the average house price in Connecticut?
$450,873 is the typical Connecticut home value according to the latest Zillow Research release of the Zillow Home Value Index, which tracks homes in the middle third of the market. The median sale price was $446,000 and the median list price $489,000. That makes Connecticut the #14 most expensive state; the national typical home is worth $368,697.
Are home prices dropping in Connecticut?
No. The typical Connecticut home value rose 5.0% over the past year and is at an all-time high. Over five years it is up 40.3% and over ten years up 83.7%. Nationally, values rose 1.2% over the year.
How have Connecticut home prices changed over the past 1, 5 and 10 years?
+5.0% over one year, +40.3% over five years and +83.7% over ten years for the typical Connecticut home value, per the latest Zillow Research release; the national figures are +1.2%, +20.3% and +77.9%. Since January 2000 the typical Connecticut home is up 174%. The monthly chart above shows the full series against the national line.
Will the Connecticut housing market crash?
We publish no forecasts, so this page cannot answer that; it can show the current readings and the historical worst case. Right now the typical Connecticut home value is at an all-time high after it rose 5.0% over the past year; 19.9% of listings have cut their price (national 26.4%), homes go pending in 24 days (national 53), and inventory is up 6.1% from a year ago, per Zillow Research. The largest decline in Zillow's monthly series for Connecticut was 26.1% from September 2006 to November 2012, and values took 103 months to regain that peak.
Is it a good time to buy a house in Connecticut?
The Connecticut market is warm right now, which means it slightly favors sellers: one of the three market signals points cooler than the national market. 19.9% of listings cut their price (national 26.4%), homes go pending in 24 days (national 53), and for-sale inventory is up 6.1% from a year ago. Affordability is the constraint: buying the typical home takes $131,866 of income, $38,638 more than the median household earns. Whether the timing is right also depends on mortgage rates and how long you plan to stay.
Is Connecticut a buyer's or seller's market?
Connecticut leans toward sellers. Fewer listings are cutting prices than the national average (19.9% vs. 26.4%), homes take 24 days to go pending (national 53), and the number of homes for sale is up 6.1% from a year ago at 8K listings. One of those three signals points toward buyers.
What is the average rent in Connecticut?
In Hartford, Connecticut's largest metro, the typical asking rent is $2,034 a month, up 3.2% over the past year and up 34.2% over five years, per the Zillow Observed Rent Index. The national typical rent is $1,948. Among Connecticut cities we track, rents range from $1,540 to $2,966 a month.
Is it cheaper to rent or buy in Connecticut?
Renting is cheaper month to month in Hartford, Connecticut's largest metro. Typical rent is $2,034 and the principal-and-interest payment on the typical home with 20% down is $2,071, a difference of $37 a month in favor of renting. The payment excludes property tax (1.79% of value in Connecticut), insurance and maintenance, and renting builds no equity, so the full answer depends on how long you stay.
How much income do you need to buy a house in Connecticut?
About $131,866 a year, using Zillow's assumptions of 20% down at current mortgage rates and a payment of no more than 30% of income. The median Connecticut household earns $93,228, so the typical household is $38,638 short. That is the #33 smallest affordability gap of the 50 states. The monthly payment of $2,320 equals 29.9% of the median household's income.
Where are homes cheapest and most expensive in Connecticut?
Among the Connecticut cities we track with Zillow data, the most expensive typical home is in Stamford ($724,387) and the cheapest in Hartford ($203,792). Also at the top: Norwalk ($676,843), Shelton ($565,911), and West Hartford ($509,334). The city table above lists every tracked Connecticut city with its value, one-year change and rent.
How does Connecticut compare with nearby states?
In the Northeast, the closest comparisons on price are Maryland ($428,308, flat in a year), Maine ($415,552, up 1.6% in a year), and Delaware ($406,074, up 1.3% in a year). Connecticut's typical home is $450,873, up 5.0%. On affordability, Connecticut ranks #33 of 50 versus Maryland at #18, Maine at #34, and Delaware at #21.
How current is the Connecticut housing data?
Every figure on this page comes from Zillow Research, which publishes state, metro and city data free each month for the prior month; the latest month shown is August. Median household income is from the Census Bureau's American Community Survey. We rebuild the page from the newest Zillow files as they are released.
Home values, rents, mortgage payments, income needed, inventory, price cuts, days to pending and sale and list prices are published by Zillow Research and shown as released, with attribution. Median household income and city populations are from the Census Bureau's American Community Survey. Home prices and housing markets in all 50 states →