Northwest Hills Planning Region, Connecticut Housing Market Prices
Northwest Hills 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 8% above the Connecticut median$304,911
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Median rent 19% below the Connecticut median$1,196
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Northwest Hills Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $304,911 | $281,244 | $248,835 |
| Price Trend (Annual %) | 5.0% | 3.6% | 7.5% |
| Median Gross Rent | $1,196 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Northwest Hills Planning Region is about 8% higher than in Connecticut. Rent is about 19% 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 Northwest Hills Planning Region, up about 5.0% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Northwest Hills Planning Region rose about 30.2% between 2015 and 2024, from $919 to $1,196. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Northwest Hills Planning Region.
Buying the median-priced home in Northwest Hills Planning Region costs roughly 21.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Northwest Hills Planning Region. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Northwest Hills Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $304,911 | $281,244 | $248,835 |
| Median Household Income | $95,230 | $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 Northwest Hills Planning Region rose about 17.4%, while median household income rose about 36.1% 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 | Northwest Hills Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.6% | 62.8% | 58.5% |
| Rental Rate | 20.2% | 30.3% | 31.2% |
| Vacancy Rate | 14.2% | 6.9% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Northwest Hills Planning Region has a homeownership rate of 65.6%, higher than the Connecticut average of 62.8%. Its housing vacancy rate is 14.2%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Northwest Hills Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1968 | 1966 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Northwest Hills Planning Region was built around 1968. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 18.0 years on average.
Northwest Hills Planning Region, CT Housing Compared With Nearby Counties
Northwest Hills Planning Region, CT is the 5th largest of the 6 counties compared here, 104,183 residents against a local median of 298,059. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Northwest Hills Planning Region, CT an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is homeownership, 10% above the local median at 76.5% against 69.4%. Northwest Hills Planning Region, CT has the highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Northwest Hills Planning Region, CT | 104,183 | $304,911 #3/6 | $1,196 #5/6 | 76.5% #1/6 |
| Naugatuck Valley Planning Region, CT | 439,566 | $244,999 | $1,327 | 68.3% |
| Berkshire County, MA | 129,358 | $337,519 | $1,096 | 69.9% |
| Dutchess County, NY | 298,059 | $226,516 | $1,582 | 69.2% |
| Columbia County, NY | 61,100 | $292,288 | $1,260 | 76.3% |
| Western Connecticut Planning Region, CT | 563,812 | $678,908 | $2,108 | 69.4% |
Frequently Asked Questions
Common questions about the housing market in Northwest Hills Planning Region, Connecticut.
What is the median home price in Northwest Hills Planning Region, Connecticut?
The median home price in Northwest Hills Planning Region, Connecticut is $304,911, higher than the Connecticut average of $281,244.
What is the average home price in Northwest Hills Planning Region, Connecticut?
The typical home price in Northwest Hills Planning Region, Connecticut, reported as the median sale price, is $304,911. 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 Northwest Hills Planning Region, Connecticut?
The median gross rent in Northwest Hills Planning Region, Connecticut is $1,196 per month, lower than the Connecticut average of $1,481.
What was the median gross rent in Northwest Hills Planning Region in 2020?
In 2020, the median gross rent in Northwest Hills Planning Region, Connecticut was $1,015 per month.
What is the price-to-rent ratio in Northwest Hills Planning Region, Connecticut?
The price-to-rent ratio in Northwest Hills Planning Region, Connecticut is about 21.2, meaning it would take roughly 21.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Northwest Hills Planning Region.
Are home prices or rent rising faster in Northwest Hills Planning Region, Connecticut?
Both home prices and rent are rising in Northwest Hills Planning Region, up about 5.0% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Northwest Hills Planning Region, Connecticut?
65.6% of households in Northwest Hills Planning Region, Connecticut own their home, higher than the Connecticut average of 62.8%.
What is the vacancy rate in Northwest Hills Planning Region, Connecticut?
The housing vacancy rate in Northwest Hills Planning Region, Connecticut is 14.2%, higher than the Connecticut average of 6.9%.
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