HomeRule

Cost of homeownership in Connecticut

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$335,222
Avg property tax
$6,350
Homeownership rate
68.4%
1yr appreciation
3.7%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Western Connecticut Planning Region$595,600
  2. 2.Greater Bridgeport Planning Region$372,000
  3. 3.Lower Connecticut River Valley Planning Region$341,300
  4. 4.South Central Connecticut Planning Region$309,600
  5. 5.Northwest Hills Planning Region$296,800
  6. 6.Capitol Planning Region$283,800
  7. 7.Southeastern Connecticut Planning Region$275,900
  8. 8.Naugatuck Valley Planning Region$273,500
  9. 9.Northeastern Connecticut Planning Region$268,500

Most affordable counties

  1. 1.Capitol Planning Region18.9%
  2. 2.Northwest Hills Planning Region19.0%
  3. 3.Lower Connecticut River Valley Planning Region19.1%
  4. 4.Southeastern Connecticut Planning Region19.2%
  5. 5.Northeastern Connecticut Planning Region19.5%
  6. 6.Naugatuck Valley Planning Region20.0%
  7. 7.South Central Connecticut Planning Region20.2%
  8. 8.Western Connecticut Planning Region20.4%
  9. 9.Greater Bridgeport Planning Region22.2%
Avg electricity
29.4¢/kWh

DOE EIA residential average.

Avg annual energy cost
$3,173

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Connecticut

Frequently asked questions

How much does it cost to own a home in Connecticut?

Based on Census ACS, the state average home value in Connecticut is $335,222, with median annual property tax around $6,350. Your actual cost depends on county and property.

What is the property tax in Connecticut?

Property tax rates vary by county. Connecticut's state average sits at roughly $6,350 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Connecticut?

FHFA House Price Index data shows Connecticut appreciating 3.7% over the last year and 56.1% over the last five years.

Is homeownership high in Connecticut?

Connecticut's homeownership rate is 68.4% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.