Southeastern Connecticut Planning Region, Connecticut Housing Market Prices
Southeastern 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 4% above the Connecticut median$291,357
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Median rent 8% below the Connecticut median$1,362
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Southeastern Connecticut Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,357 | $281,244 | $248,835 |
| Price Trend (Annual %) | 5.4% | 3.6% | 7.5% |
| Median Gross Rent | $1,362 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Southeastern Connecticut Planning Region is about 4% higher 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 Southeastern Connecticut Planning Region, up about 5.4% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Southeastern Connecticut Planning Region rose about 38.6% between 2015 and 2024, from $983 to $1,362. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Southeastern Connecticut Planning Region.
Buying the median-priced home in Southeastern Connecticut Planning Region costs roughly 17.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Southeastern Connecticut Planning Region. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Southeastern Connecticut Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,357 | $281,244 | $248,835 |
| Median Household Income | $86,956 | $97,098 | $80,455 |
| Price-to-Income Ratio | 3.4 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Southeastern Connecticut Planning Region rose about 54.3%, while median household income rose about 33.8% 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 | Southeastern Connecticut Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.1% | 62.8% | 58.5% |
| Rental Rate | 32.3% | 30.3% | 31.2% |
| Vacancy Rate | 8.6% | 6.9% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Southeastern Connecticut Planning Region has a homeownership rate of 59.1%, lower than the Connecticut average of 62.8%. Its housing vacancy rate is 8.6%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Southeastern Connecticut Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1968 | 1966 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Southeastern Connecticut Planning Region was built around 1968. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Southeastern Connecticut Planning Region, CT Housing Compared With Nearby Counties
Southeastern Connecticut Planning Region, CT is the 2nd largest of the 6 counties compared here, 252,265 residents against a local median of 163,295. Where Southeastern Connecticut Planning Region, CT breaks from the counties next to it is median home price, sitting 25% above the local median of $232,901 at $291,357.
Homeownership tells the same story from another angle: 64.7% against a local median of 77.5%, 17% below it. The one measure here that carries a verdict is homeownership, and at 17% below the local median it puts Southeastern Connecticut Planning Region, CT at the weaker end of the local range. The counties themselves spread $282,430 on median home price, so Southeastern Connecticut Planning Region, CT sits at one end of an already wide local range rather than apart from it. Southeastern Connecticut Planning Region, CT has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Southeastern Connecticut Planning Region, CT | 252,265 | $291,357 #3/6 | $1,362 #3/6 | 64.7% #6/6 |
| Northeastern Connecticut Planning Region, CT | 78,384 | $198,249 | $1,142 | 78.9% |
| Lower Connecticut River Valley Planning Region, CT | 163,295 | $222,692 | $1,378 | 78.2% |
| Washington County, RI | 130,338 | $480,679 | $1,327 | 77.5% |
| Kent County, RI | 171,061 | $327,059 | $1,326 | 73.1% |
| Capitol Planning Region, CT | 920,648 | $232,901 | $1,423 | 65.8% |
Frequently Asked Questions
Common questions about the housing market in Southeastern Connecticut Planning Region, Connecticut.
What is the median home price in Southeastern Connecticut Planning Region, Connecticut?
The median home price in Southeastern Connecticut Planning Region, Connecticut is $291,357, higher than the Connecticut average of $281,244.
What is the average home price in Southeastern Connecticut Planning Region, Connecticut?
The typical home price in Southeastern Connecticut Planning Region, Connecticut, reported as the median sale price, is $291,357. 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 Southeastern Connecticut Planning Region, Connecticut?
The median gross rent in Southeastern Connecticut Planning Region, Connecticut is $1,362 per month, lower than the Connecticut average of $1,481.
What was the median gross rent in Southeastern Connecticut Planning Region in 2020?
In 2020, the median gross rent in Southeastern Connecticut Planning Region, Connecticut was $1,111 per month.
What is the price-to-rent ratio in Southeastern Connecticut Planning Region, Connecticut?
The price-to-rent ratio in Southeastern Connecticut Planning Region, Connecticut is about 17.8, meaning it would take roughly 17.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Southeastern Connecticut Planning Region.
Are home prices or rent rising faster in Southeastern Connecticut Planning Region, Connecticut?
Both home prices and rent are rising in Southeastern Connecticut Planning Region, up about 5.4% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Southeastern Connecticut Planning Region, Connecticut?
59.1% of households in Southeastern Connecticut Planning Region, Connecticut own their home, lower than the Connecticut average of 62.8%.
What is the vacancy rate in Southeastern Connecticut Planning Region, Connecticut?
The housing vacancy rate in Southeastern Connecticut Planning Region, Connecticut is 8.6%, higher than the Connecticut average of 6.9%.
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