South Central Connecticut Planning Region, Connecticut Housing Market
In South Central Connecticut Planning Region, Connecticut, the median home value is $353,100, with a median monthly rent of $1,525. This places South Central Connecticut Planning Region at #401 nationally out of 3134 counties by median home value, and #4 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: $1,533
- Establishments: 20,720
- BLS QCEW, 2025
Housing Supply
- Single-family: 161
- Multi-family: 859
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 243,198 (avg $95,811)
- Outflow: 239,138 (avg $96,321)
- IRS Statistics of Income
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| Metric | South Central Connecticut Planning Region | Connecticut Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $353,100 | $380,277 | $227,706 |
| Median Gross Rent | $1,525 | $1,454 | $968 |
| Owner Occupancy Rate | 60.5% | 69.0% | 73.3% |
| Price/Rent Ratio | 19.3 | 21.6 | 18.7 |
Market Analysis
The median home value in South Central Connecticut Planning Region is 7.1% below the Connecticut state average and 55.1% above the U.S. national average. The median rent of $1,525/month is 4.9% above the state average.
With a price-to-rent ratio of 19.3, the buy-vs-rent decision in South Central Connecticut Planning Region is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
South Central Connecticut Planning Region has an owner-occupancy rate of 60.5%, compared to 69.0% in Connecticut and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Richmond city | Virginia | $353,000 | $1,372 |
| Osceola County | Florida | $353,300 | $1,746 |
| Granite County | Montana | $352,700 | $675 |
| Ulster County | New York | $352,500 | $1,425 |
| Glenn County | California | $352,400 | $1,120 |
Other Counties in Connecticut
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Northwest Hills Planning Region | $335,600 | $1,193 | 76.3% |
| Lower Connecticut River Valley Planning Region | $379,700 | $1,454 | 75.8% |
| Capitol Planning Region | $323,700 | $1,411 | 65.7% |
| Southeastern Connecticut Planning Region | $323,400 | $1,365 | 65.1% |
| Naugatuck Valley Planning Region | $317,700 | $1,330 | 68.6% |
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).