Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$447,319+5.0% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$96,969About 1.0× the local median income ($95,670): a stretch for a typical household
Days on market42 daysAbout the same pace as a year ago
Next 12 months+3.0%Zillow expects prices to rise slightly
The typical home in Connecticut is worth $447,319, up 5.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $393,337, so the area is 13.7% overvalued. It is a balanced market, leaning toward sellers: homes take about 42 days to sell, listings are up 17% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 3.0% over the next year. A household needs about $96,969 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $95,670. In the latest IRS figures, 5,500 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$447,319
Change in 1 year
+5.0%
Overvalued %
+13.7%
Show 7 more
Fair home value
$393,337
Change in 5 years
+41.1%
Zillow forecast, next 12 months
+3.0%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$2,424
Income needed to afford it
$96,969
Property tax rate
1.81%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$2,034
Market activity
Listings vs a year ago
+17.0%
Days on market
42
Listings with a price cut
15.7%
Show 3 more
Homes for sale
6,232
Pending sales per 100 listings
72
Asking price per sq ft
$279
People and jobs
Median household income
$95,670
Population change (1 year)
+0.4%
Unemployment rate
5.6%
Show 4 more
Population
3,688,496
Income adjusted for cost of living
$92,346
Net moves in (IRS)
−5,500
Cost of living (US = 100)
103.6
Schools, risk and environment
FEMA hazard risk score (0 to 100)
93.0
Unhealthy air days a year
13
Flood risk score
95.8
Show 3 more
Wildfire risk score
45.0
Walkability (1 to 20)
9.8
Road, rail and air noise
53 dB
Questions people ask
Is Connecticut overvalued?
Home prices in Connecticut are well above what local incomes have historically supported: fair value is about $393,337, so the area is 13.7% overvalued.
Is Connecticut a buyer's or seller's market?
Connecticut is a balanced market, leaning toward sellers: homes take about 42 days to sell, listings are up 17% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Connecticut?
Home values in Connecticut are up 5.0% over the last year. Zillow's forecast for the next 12 months is +3.0%.
How much do you need to earn to buy a home in Connecticut?
A household needs about $96,969 a year to afford the typical home in Connecticut at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $95,670.