Danbury, Connecticut Housing Market Prices
Danbury 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 1% below the Connecticut median$279,687
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Median rent 26% above the Connecticut median$1,862
Housing Market Overview
| Metric | Danbury | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $279,687 | $281,244 | $248,835 |
| Price Trend (Annual %) | 5.3% | 3.6% | 7.5% |
| Median Gross Rent | $1,862 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Danbury is about 1% lower than in Connecticut. Rent is about 26% higher 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 Danbury, up about 5.3% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Danbury rose about 45.5% between 2015 and 2024, from $1,280 to $1,862. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Danbury.
Buying the median-priced home in Danbury costs roughly 12.5 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 Danbury. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Danbury | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $279,687 | $281,244 | $248,835 |
| Median Household Income | $88,394 | $97,098 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Danbury rose about 55.4%, while median household income rose about 28.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Danbury | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.2% | 62.8% | 58.5% |
| Rental Rate | 39.6% | 30.3% | 31.2% |
| Vacancy Rate | 5.2% | 6.9% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Danbury has a homeownership rate of 55.2%, lower than the Connecticut average of 62.8%. Its housing vacancy rate is 5.2%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Danbury | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1974 | 1966 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Danbury was built around 1974. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Danbury, Connecticut.
What is the median home price in Danbury, Connecticut?
The median home price in Danbury, Connecticut is $279,687, lower than the Connecticut average of $281,244.
What is the average home price in Danbury, Connecticut?
The typical home price in Danbury, Connecticut, reported as the median sale price, is $279,687. 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 Danbury, Connecticut?
The median gross rent in Danbury, Connecticut is $1,862 per month, higher than the Connecticut average of $1,481.
What was the median gross rent in Danbury in 2020?
In 2020, the median gross rent in Danbury, Connecticut was $1,516 per month.
What is the price-to-rent ratio in Danbury, Connecticut?
The price-to-rent ratio in Danbury, Connecticut is about 12.5, meaning it would take roughly 12.5 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 Danbury.
Are home prices or rent rising faster in Danbury, Connecticut?
Both home prices and rent are rising in Danbury, up about 5.3% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Danbury, Connecticut?
55.2% of households in Danbury, Connecticut own their home, lower than the Connecticut average of 62.8%.
What is the vacancy rate in Danbury, Connecticut?
The housing vacancy rate in Danbury, Connecticut is 5.2%, lower than the Connecticut average of 6.9%.
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