Northeastern Connecticut Planning Region, Connecticut Housing Market Prices
Northeastern Connecticut 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 30% below the Connecticut median Cheapest county in Connecticut$198,249
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Median rent 23% below the Connecticut median Cheapest county in Connecticut$1,142
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Northeastern Connecticut Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $198,249 | $281,244 | $248,835 |
| Price Trend (Annual %) | 5.1% | 3.6% | 7.5% |
| Median Gross Rent | $1,142 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Northeastern Connecticut Planning Region is about 30% lower than in Connecticut. Rent is about 23% 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 Northeastern Connecticut Planning Region, up about 5.1% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Northeastern Connecticut Planning Region rose about 30.2% between 2015 and 2024, from $877 to $1,142. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Northeastern Connecticut Planning Region.
Buying the median-priced home in Northeastern Connecticut Planning Region costs roughly 14.5 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 Northeastern Connecticut Planning Region. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Northeastern Connecticut Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $198,249 | $281,244 | $248,835 |
| Median Household Income | $92,667 | $97,098 | $80,455 |
| Price-to-Income Ratio | 2.1 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Northeastern Connecticut Planning Region rose about 20.7%, while median household income rose about 42.3% 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 | Northeastern Connecticut Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.6% | 62.8% | 58.5% |
| Rental Rate | 19.9% | 30.3% | 31.2% |
| Vacancy Rate | 5.5% | 6.9% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Northeastern Connecticut Planning Region has a homeownership rate of 74.6%, higher than the Connecticut average of 62.8%. Its housing vacancy rate is 5.5%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Northeastern Connecticut Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1970 | 1966 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Northeastern Connecticut Planning Region was built around 1970. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Northeastern Connecticut Planning Region, CT Housing Compared With Nearby Counties
Northeastern Connecticut Planning Region, CT is the smallest of the 6 counties compared here, 78,384 residents against a local median of 252,265. Where Northeastern Connecticut Planning Region, CT breaks from the counties next to it is median home price, sitting 39% below the local median of $327,059 at $198,249.
Homeownership tells the same story from another angle: 78.9% against a local median of 65.8%, 20% above it. The one measure here that carries a verdict is homeownership, and at 20% above the local median it puts Northeastern Connecticut Planning Region, CT at the better end of the local range. The counties themselves spread $189,322 on median home price, so Northeastern Connecticut Planning Region, CT sits at one end of an already wide local range rather than apart from it. Northeastern Connecticut Planning Region, CT has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Northeastern Connecticut Planning Region, CT | 78,384 | $198,249 #6/6 | $1,142 #6/6 | 78.9% #1/6 |
| Southeastern Connecticut Planning Region, CT | 252,265 | $291,357 | $1,362 | 64.7% |
| Providence County, RI | 663,899 | $301,192 | $1,311 | 57.0% |
| Kent County, RI | 171,061 | $327,059 | $1,326 | 73.1% |
| Worcester County, MA | 867,628 | $351,801 | $1,425 | 65.8% |
| Washington County, RI | 130,338 | $480,679 | $1,327 | 77.5% |
Frequently Asked Questions
Common questions about the housing market in Northeastern Connecticut Planning Region, Connecticut.
What is the median home price in Northeastern Connecticut Planning Region, Connecticut?
The median home price in Northeastern Connecticut Planning Region, Connecticut is $198,249, lower than the Connecticut average of $281,244.
What is the average home price in Northeastern Connecticut Planning Region, Connecticut?
The typical home price in Northeastern Connecticut Planning Region, Connecticut, reported as the median sale price, is $198,249. 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 Northeastern Connecticut Planning Region, Connecticut?
The median gross rent in Northeastern Connecticut Planning Region, Connecticut is $1,142 per month, lower than the Connecticut average of $1,481.
What was the median gross rent in Northeastern Connecticut Planning Region in 2020?
In 2020, the median gross rent in Northeastern Connecticut Planning Region, Connecticut was $995 per month.
What is the price-to-rent ratio in Northeastern Connecticut Planning Region, Connecticut?
The price-to-rent ratio in Northeastern Connecticut Planning Region, Connecticut is about 14.5, meaning it would take roughly 14.5 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 Northeastern Connecticut Planning Region.
Are home prices or rent rising faster in Northeastern Connecticut Planning Region, Connecticut?
Both home prices and rent are rising in Northeastern Connecticut Planning Region, up about 5.1% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Northeastern Connecticut Planning Region, Connecticut?
74.6% of households in Northeastern Connecticut Planning Region, Connecticut own their home, higher than the Connecticut average of 62.8%.
What is the vacancy rate in Northeastern Connecticut Planning Region, Connecticut?
The housing vacancy rate in Northeastern Connecticut Planning Region, Connecticut is 5.5%, lower than the Connecticut average of 6.9%.
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