Capitol Planning Region, Connecticut Housing Market Prices
Capitol Planning Region Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 17% below the Connecticut median$232,901
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Median rent 4% below the Connecticut median$1,423
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Capitol Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $232,901 | $281,244 | $248,835 |
| Price Trend (Annual %) | 2.3% | 3.6% | 7.5% |
| Median Gross Rent | $1,423 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Capitol Planning Region is about 17% lower than in Connecticut. Rent is about 4% lower than the Connecticut average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Capitol Planning Region, up about 2.3% and 3.9% a year respectively. Rent is changing faster.
Median rent in Capitol Planning Region rose about 39.8% between 2015 and 2024, from $1,018 to $1,423. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Capitol Planning Region.
Buying the median-priced home in Capitol Planning Region costs roughly 13.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Capitol Planning Region. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Capitol Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $232,901 | $281,244 | $248,835 |
| Median Household Income | $94,231 | $97,098 | $80,455 |
| Price-to-Income Ratio | 2.5 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Capitol Planning Region rose about 21.5%, while median household income rose about 36.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Capitol Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.8% | 62.8% | 58.5% |
| Rental Rate | 32.1% | 30.3% | 31.2% |
| Vacancy Rate | 6.1% | 6.9% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Capitol Planning Region has a homeownership rate of 61.8%, lower than the Connecticut average of 62.8%. Its housing vacancy rate is 6.1%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Capitol Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1965 | 1966 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Capitol Planning Region was built around 1965. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Capitol Planning Region, CT Housing Compared With Nearby Counties
Capitol Planning Region, CT is the largest of the 6 counties compared here, 920,648 residents against a local median of 252,265. Capitol Planning Region, CT sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median rent, 3% above the local median at $1,423 against $1,378. Capitol Planning Region, CT has the 2nd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Capitol Planning Region, CT | 920,648 | $232,901 #4/6 | $1,423 #2/6 | 65.8% #3/6 |
| Hampden County, MA | 462,481 | $229,767 | $1,135 | 62.2% |
| Lower Connecticut River Valley Planning Region, CT | 163,295 | $222,692 | $1,378 | 78.2% |
| Hampshire County, MA | 161,946 | $415,384 | $1,387 | 67.8% |
| Southeastern Connecticut Planning Region, CT | 252,265 | $291,357 | $1,362 | 64.7% |
| South Central Connecticut Planning Region, CT | 516,000 | $233,101 | $1,536 | 62.6% |
Frequently Asked Questions
Common questions about the housing market in Capitol Planning Region, Connecticut.
What is the median home price in Capitol Planning Region, Connecticut?
The median home price in Capitol Planning Region, Connecticut is $232,901, lower than the Connecticut average of $281,244.
What is the average home price in Capitol Planning Region, Connecticut?
The typical home price in Capitol Planning Region, Connecticut, reported as the median sale price, is $232,901. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Capitol Planning Region, Connecticut?
The median gross rent in Capitol Planning Region, Connecticut is $1,423 per month, lower than the Connecticut average of $1,481.
What was the median gross rent in Capitol Planning Region in 2020?
In 2020, the median gross rent in Capitol Planning Region, Connecticut was $1,152 per month.
What is the price-to-rent ratio in Capitol Planning Region, Connecticut?
The price-to-rent ratio in Capitol Planning Region, Connecticut is about 13.6, meaning it would take roughly 13.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Capitol Planning Region.
Are home prices or rent rising faster in Capitol Planning Region, Connecticut?
Both home prices and rent are rising in Capitol Planning Region, up about 2.3% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Capitol Planning Region, Connecticut?
61.8% of households in Capitol Planning Region, Connecticut own their home, lower than the Connecticut average of 62.8%.
What is the vacancy rate in Capitol Planning Region, Connecticut?
The housing vacancy rate in Capitol Planning Region, Connecticut is 6.1%, lower than the Connecticut average of 6.9%.
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