Current home values in Connecticut

Home values have been rising throughout Connecticut and are up 1.24% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $244,200 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home value for Connecticut at $244,200 , a representative monthly mortgage payment would be $1,122.63.

How the Connecticut housing market stacks up

A view of the skyline and the Connecticut State Capitol Building in Hartford, Connecticut.
Jon Bilous / Shutterstock
A view of the skyline and the Connecticut State Capitol Building in Hartford, Connecticut.

Property values in Connecticut are high by historical standards and are higher than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Connecticut, they're expected to rise 0.38%.

Homes are going on the market in Connecticut at a median price of $155 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Connecticut home prices over the last 10 years

Year Avg. Price
2019* $257,163
2018 $253,575
2017 $243,567
2016 $235,783
2015 $233,217
2014 $233,100
2013 $229,167
2012 $226,975
2011 $236,833
2010 $251,133
2009 $257,958

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Connecticut is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $387,500
2018 $382,500
2017 $372,500
2016 $360,000
2015 $355,000
2014 $357,500
2013 $357,500
2012 $350,000
2011 $367,500
2010 $392,500
2009 $395,000

*2019 price average through August 2019.