Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | West Haven | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $178,922 | $290,235 | $242,182 |
| Price Trend (Annual %) | 2.0% | 4.7% | 8.2% |
| Median Gross Rent | $1,364 | $1,419 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Haven is about 38% lower than in Connecticut. Rent is about 4% lower than the Connecticut average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in West Haven, up about 2.0% and 3.5% a year respectively. Rent is changing faster.
Median rent in West Haven rose about 28.6% between 2015 and 2023, from $1,061 to $1,364. Over the same span, rent in Connecticut rose about 31.1%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in West Haven.
Buying the median-priced home in West Haven costs roughly 10.9 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 West Haven. The price-to-rent ratio in Connecticut is about 17.0.
| Metric | West Haven | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $178,922 | $290,235 | $242,182 |
| Median Household Income | $72,956 | $95,363 | $78,145 |
| Price-to-Income Ratio | 2.5 | 3.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in West Haven rose about 16.4%, while median household income rose about 38.2% between 2009 and 2023 — 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 | West Haven | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.7% | 62.2% | 58.2% |
| Rental Rate | 46.7% | 30.3% | 31.3% |
| Vacancy Rate | 5.6% | 7.5% | 10.6% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
West Haven has a homeownership rate of 47.7%, lower than the Connecticut average of 62.2%. Its housing vacancy rate is 5.6%, compared with 7.5% in Connecticut.
Housing Stock
| Metric | West Haven | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1957 | 1966 | 1978 |
| Median Number of Rooms | 4.9 | 5.7 | 5.5 |
The typical housing unit in West Haven was built around 1957. On average, 2.5 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in West Haven, Connecticut.
What is the median home price in West Haven, Connecticut?
The median home price in West Haven, Connecticut is $178,922, lower than the Connecticut average of $290,235.
What is the average home price in West Haven, Connecticut?
The typical home price in %s, reported as the median sale price, is %s. 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 West Haven, Connecticut?
The median gross rent in West Haven, Connecticut is $1,364 per month, lower than the Connecticut average of $1,419.
What was the median gross rent in West Haven in 2020?
In 2020, the median gross rent in West Haven, Connecticut was $1,171 per month.
What is the price-to-rent ratio in West Haven, Connecticut?
The price-to-rent ratio in West Haven, Connecticut is about 10.9, meaning it would take roughly 10.9 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 West Haven.
Are home prices or rent rising faster in West Haven, Connecticut?
Both home prices and rent are rising in West Haven, up about 2.0% and 3.5% a year respectively. Rent is changing faster.
What is the homeownership rate in West Haven, Connecticut?
47.7% of households in West Haven, Connecticut own their home, lower than the Connecticut average of 62.2%.
What is the vacancy rate in West Haven, Connecticut?
The housing vacancy rate in West Haven, Connecticut is 5.6%, lower than the Connecticut average of 7.5%.