Torrington, Connecticut Housing Market Prices
Torrington 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 59% below the Connecticut median$116,440
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Median rent 21% below the Connecticut median$1,169
Housing Market Overview
| Metric | Torrington | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,440 | $281,244 | $248,835 |
| Price Trend (Annual %) | -0.8% | 3.6% | 7.5% |
| Median Gross Rent | $1,169 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Torrington is about 59% lower than in Connecticut. Rent is about 21% lower than the Connecticut average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Torrington: home prices fell about 0.8% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
Median rent in Torrington rose about 33.9% between 2015 and 2024, from $873 to $1,169. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Torrington.
Buying the median-priced home in Torrington costs roughly 8.3 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 Torrington. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Torrington | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,440 | $281,244 | $248,835 |
| Median Household Income | $72,019 | $97,098 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Torrington fell about 27.3%, while median household income rose about 38.8% 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 | Torrington | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.3% | 62.8% | 58.5% |
| Rental Rate | 31.0% | 30.3% | 31.2% |
| Vacancy Rate | 8.8% | 6.9% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Torrington has a homeownership rate of 60.3%, lower than the Connecticut average of 62.8%. Its housing vacancy rate is 8.8%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Torrington | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1962 | 1966 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Torrington was built around 1962. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Torrington, Connecticut.
What is the median home price in Torrington, Connecticut?
The median home price in Torrington, Connecticut is $116,440, lower than the Connecticut average of $281,244.
What is the average home price in Torrington, Connecticut?
The typical home price in Torrington, Connecticut, reported as the median sale price, is $116,440. 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 Torrington, Connecticut?
The median gross rent in Torrington, Connecticut is $1,169 per month, lower than the Connecticut average of $1,481.
What was the median gross rent in Torrington in 2020?
In 2020, the median gross rent in Torrington, Connecticut was $951 per month.
What is the price-to-rent ratio in Torrington, Connecticut?
The price-to-rent ratio in Torrington, Connecticut is about 8.3, meaning it would take roughly 8.3 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 Torrington.
Are home prices or rent rising faster in Torrington, Connecticut?
Home prices and rent are moving in opposite directions in Torrington: home prices fell about 0.8% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Torrington, Connecticut?
60.3% of households in Torrington, Connecticut own their home, lower than the Connecticut average of 62.8%.
What is the vacancy rate in Torrington, Connecticut?
The housing vacancy rate in Torrington, Connecticut is 8.8%, higher than the Connecticut average of 6.9%.
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