Newington, Connecticut Housing Market Prices
Newington 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 9% below the Connecticut median$255,357
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Median rent 3% above the Connecticut median$1,524
Housing Market Overview
| Metric | Newington | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $255,357 | $281,244 | $248,835 |
| Price Trend (Annual %) | 3.9% | 3.6% | 7.5% |
| Median Gross Rent | $1,524 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newington is about 9% lower than in Connecticut. Rent is about 3% 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 Newington, up about 3.9% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Newington rose about 34.5% between 2015 and 2024, from $1,133 to $1,524. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Newington.
Buying the median-priced home in Newington costs roughly 14.0 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 Newington. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Newington | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $255,357 | $281,244 | $248,835 |
| Median Household Income | $104,398 | $97,098 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newington rose about 10.9%, while median household income rose about 37.6% 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 | Newington | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.3% | 62.8% | 58.5% |
| Rental Rate | 21.0% | 30.3% | 31.2% |
| Vacancy Rate | 3.7% | 6.9% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Newington has a homeownership rate of 75.3%, higher than the Connecticut average of 62.8%. Its housing vacancy rate is 3.7%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Newington | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1967 | 1966 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Newington was built around 1967. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Newington, CT Housing Compared With Nearby Cities
Newington, CT is the smallest of the 4 cities compared here, 30,896 residents against a local median of 59,547. Newington, CT's homeownership, at 78.2%, runs 91% above the 40.8% typical of the cities around it. That is the better end of the local range on this measure.
Median rent tells the same story from another angle: $1,524 against a local median of $1,260, 21% above it. The cities themselves spread 40.8% on homeownership, so Newington, CT sits at one end of an already wide local range rather than apart from it. Newington, CT has the highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Newington, CT | 30,896 | $255,357 #3/4 | $1,524 #2/4 | 78.2% #1/4 |
| New Britain, CT | 55,019 | $255,903 | $1,245 | 40.8% |
| West Hartford, CT | 59,547 | $326,256 | $1,786 | 67.2% |
| Hartford, CT | 116,992 | $187,019 | $1,260 | 26.5% |
Frequently Asked Questions
Common questions about the housing market in Newington, Connecticut.
What is the median home price in Newington, Connecticut?
The median home price in Newington, Connecticut is $255,357, lower than the Connecticut average of $281,244.
What is the average home price in Newington, Connecticut?
The typical home price in Newington, Connecticut, reported as the median sale price, is $255,357. 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 Newington, Connecticut?
The median gross rent in Newington, Connecticut is $1,524 per month, higher than the Connecticut average of $1,481.
What was the median gross rent in Newington in 2020?
In 2020, the median gross rent in Newington, Connecticut was $1,217 per month.
What is the price-to-rent ratio in Newington, Connecticut?
The price-to-rent ratio in Newington, Connecticut is about 14.0, meaning it would take roughly 14.0 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 Newington.
Are home prices or rent rising faster in Newington, Connecticut?
Both home prices and rent are rising in Newington, up about 3.9% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Newington, Connecticut?
75.3% of households in Newington, Connecticut own their home, higher than the Connecticut average of 62.8%.
What is the vacancy rate in Newington, Connecticut?
The housing vacancy rate in Newington, Connecticut is 3.7%, lower than the Connecticut average of 6.9%.
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