Naugatuck, Connecticut Housing Market Prices
Naugatuck 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 20% below the Connecticut median$225,000
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Median rent 8% below the Connecticut median$1,369
Housing Market Overview
| Metric | Naugatuck | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $281,244 | $248,835 |
| Price Trend (Annual %) | 21.8% | 3.6% | 7.5% |
| Median Gross Rent | $1,369 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Naugatuck is about 20% lower than in Connecticut. Rent is about 8% 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 Naugatuck, up about 21.8% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Naugatuck rose about 39.8% between 2015 and 2024, from $979 to $1,369. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Naugatuck.
Buying the median-priced home in Naugatuck costs roughly 13.7 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 Naugatuck. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Naugatuck | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $281,244 | $248,835 |
| Median Household Income | $97,335 | $97,098 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Naugatuck rose about 77.9%, while median household income rose about 49.9% 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 | Naugatuck | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.2% | 62.8% | 58.5% |
| Rental Rate | 31.0% | 30.3% | 31.2% |
| Vacancy Rate | 3.8% | 6.9% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Naugatuck has a homeownership rate of 65.2%, higher than the Connecticut average of 62.8%. Its housing vacancy rate is 3.8%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Naugatuck | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1966 | 1966 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Naugatuck was built around 1966. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 12.0 years on average.
Naugatuck, CT Housing Compared With Nearby Cities
How Naugatuck, CT compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Naugatuck, CT | 31,800 | $225,000 #2/2 | $1,369 #1/2 | 67.8% #1/2 |
| Waterbury, CT | 110,409 | $241,543 | $1,214 | 47.8% |
Frequently Asked Questions
Common questions about the housing market in Naugatuck, Connecticut.
What is the median home price in Naugatuck, Connecticut?
The median home price in Naugatuck, Connecticut is $225,000, lower than the Connecticut average of $281,244.
What is the average home price in Naugatuck, Connecticut?
The typical home price in Naugatuck, Connecticut, reported as the median sale price, is $225,000. 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 Naugatuck, Connecticut?
The median gross rent in Naugatuck, Connecticut is $1,369 per month, lower than the Connecticut average of $1,481.
What was the median gross rent in Naugatuck in 2020?
In 2020, the median gross rent in Naugatuck, Connecticut was $1,099 per month.
What is the price-to-rent ratio in Naugatuck, Connecticut?
The price-to-rent ratio in Naugatuck, Connecticut is about 13.7, meaning it would take roughly 13.7 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 Naugatuck.
Are home prices or rent rising faster in Naugatuck, Connecticut?
Both home prices and rent are rising in Naugatuck, up about 21.8% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Naugatuck, Connecticut?
65.2% of households in Naugatuck, Connecticut own their home, higher than the Connecticut average of 62.8%.
What is the vacancy rate in Naugatuck, Connecticut?
The housing vacancy rate in Naugatuck, Connecticut is 3.8%, lower than the Connecticut average of 6.9%.
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