Northeastern Connecticut Planning Region, Connecticut Housing Market
In Northeastern Connecticut Planning Region, Connecticut, the median home value is $307,600, with a median monthly rent of $1,155. This places Northeastern Connecticut Planning Region at #587 nationally out of 3134 counties by median home value, and #9 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: $0
- Establishments: 2,841
- BLS QCEW, 2025
Housing Supply
- Single-family: 183
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 42,554 (avg $80,875)
- Outflow: 40,667 (avg $81,284)
- IRS Statistics of Income
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| Metric | Northeastern Connecticut Planning Region | Connecticut Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $307,600 | $380,277 | $227,706 |
| Median Gross Rent | $1,155 | $1,454 | $968 |
| Owner Occupancy Rate | 77.3% | 69.0% | 73.3% |
| Price/Rent Ratio | 22.2 | 21.6 | 18.7 |
Market Analysis
The median home value in Northeastern Connecticut Planning Region is 19.1% below the Connecticut state average and 35.1% above the U.S. national average. The median rent of $1,155/month is 20.6% below the state average.
With a price-to-rent ratio of 22.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Northeastern Connecticut Planning Region has an owner-occupancy rate of 77.3%, 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 |
|---|---|---|---|
| Hendricks County | Indiana | $307,600 | $1,436 |
| Caroline County | Virginia | $307,700 | $1,293 |
| Union County | Georgia | $307,400 | $808 |
| Lumpkin County | Georgia | $307,900 | $1,142 |
| McHenry County | Illinois | $308,100 | $1,401 |
Other Counties in Connecticut
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Naugatuck Valley Planning Region | $317,700 | $1,330 | 68.6% |
| Southeastern Connecticut Planning Region | $323,400 | $1,365 | 65.1% |
| Capitol Planning Region | $323,700 | $1,411 | 65.7% |
| Northwest Hills Planning Region | $335,600 | $1,193 | 76.3% |
| South Central Connecticut Planning Region | $353,100 | $1,525 | 60.5% |
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).