Connecticut home prices and mortgage costs
Typical home value $447,319 · +5.0% in a year · property tax 1.59%
Connecticut ranks 15th most expensive of 51 states and D.C. Home values changed +5.0% over the past year and +41.1% over five years. Buying the typical home with 20% down costs about $3,222 a month at 7.11%, which needs a household income of about $138,100.
Cost of the typical Connecticut home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $89,464 | $357,855 | $2,407 | $0 | $815 | $3,222 | $138,100 |
| 10% down | $44,732 | $402,587 | $2,708 | $168 | $815 | $3,691 | $158,200 |
| 5% down | $22,366 | $424,953 | $2,859 | $177 | $815 | $3,851 | $165,000 |
| 3.5% down (FHA) | $15,656 | $439,217 | $2,955 | $198 | $815 | $3,968 | $170,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.59% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Check a specific budget: how much house you can afford in Connecticut by salary · payment on a $450K home in Connecticut
Home prices by county in Connecticut
| County | Typical home | 1-yr change | Tax rate | Payment / month | Income needed |
|---|---|---|---|---|---|
| Fairfield County | $687,642 | +6.2% | 1.59% | $4,954 | $212,300 |
| Middlesex County | $461,315 | +5.0% | 1.59% | $3,323 | $142,400 |
| New London County | $430,928 | +7.0% | 1.59% | $3,104 | $133,000 |
| Litchfield County | $424,057 | +2.8% | 1.59% | $3,055 | $130,900 |
| Tolland County | $409,254 | +5.5% | 1.59% | $2,948 | $126,300 |
| New Haven County | $406,207 | +4.9% | 1.59% | $2,926 | $125,400 |
| Hartford County | $384,859 | +5.2% | 1.59% | $2,772 | $118,800 |
| Windham County | $375,521 | +4.4% | 1.59% | $2,705 | $115,900 |
Metro areas in Connecticut
Frequently asked questions
What is the average home price in Connecticut?
The typical home in Connecticut is worth $447,319 according to the Zillow Home Value Index for September 2026.
How much income do you need to buy a house in Connecticut?
About $138,100 a year to buy the typical $447,319 home with 20% down at 7.11%, keeping housing under 28% of income.
What is the property tax rate in Connecticut?
The typical effective rate is 1.59% of the home's value a year (median taxes paid divided by median home value, Census ACS 2025).