Lower Connecticut River Valley Planning Region, Connecticut Housing Market
In Lower Connecticut River Valley Planning Region, Connecticut, the median home value is $379,700, with a median monthly rent of $1,454. This places Lower Connecticut River Valley Planning Region at #339 nationally out of 3134 counties by median home value, and #3 within Connecticut.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,404
- Establishments: 6,588
- BLS QCEW, 2025
Housing Supply
- Single-family: 177
- Multi-family: 181
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 80,045 (avg $117,653)
- Outflow: 76,882 (avg $117,969)
- IRS Statistics of Income
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| Metric | Lower Connecticut River Valley Planning Region | Connecticut Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $379,700 | $380,277 | $227,706 |
| Median Gross Rent | $1,454 | $1,454 | $968 |
| Owner Occupancy Rate | 75.8% | 69.0% | 73.3% |
| Price/Rent Ratio | 21.8 | 21.6 | 18.7 |
Market Analysis
The median home value in Lower Connecticut River Valley Planning Region is about equal to the Connecticut state average and 66.8% above the U.S. national average. The median rent of $1,454/month is about equal to the state average.
With a price-to-rent ratio of 21.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lower Connecticut River Valley Planning Region has an owner-occupancy rate of 75.8%, compared to 69.0% in Connecticut and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Franklin County | Washington | $379,300 | $1,198 |
| Iron County | Utah | $379,000 | $1,065 |
| Currituck County | North Carolina | $378,800 | $1,162 |
| Mesa County | Colorado | $378,600 | $1,182 |
| Gwinnett County | Georgia | $380,900 | $1,810 |
Other Counties in Connecticut
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| South Central Connecticut Planning Region | $353,100 | $1,525 | 60.5% |
| Northwest Hills Planning Region | $335,600 | $1,193 | 76.3% |
| Greater Bridgeport Planning Region | $428,800 | $1,546 | 65.3% |
| Capitol Planning Region | $323,700 | $1,411 | 65.7% |
| Southeastern Connecticut Planning Region | $323,400 | $1,365 | 65.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).