Western Connecticut Planning Region, Connecticut Housing Market
In Western Connecticut Planning Region, Connecticut, the median home value is $652,900, with a median monthly rent of $2,110. This places Western Connecticut Planning Region at #66 nationally out of 3134 counties by median home value, and #1 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: $2,711
- Establishments: 33,631
- BLS QCEW, 2025
Housing Supply
- Single-family: 421
- Multi-family: 2,328
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 259,043 (avg $312,693)
- Outflow: 256,295 (avg $311,723)
- IRS Statistics of Income
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| Metric | Western Connecticut Planning Region | Connecticut Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $652,900 | $380,277 | $227,706 |
| Median Gross Rent | $2,110 | $1,454 | $968 |
| Owner Occupancy Rate | 66.4% | 69.0% | 73.3% |
| Price/Rent Ratio | 25.8 | 21.6 | 18.7 |
Market Analysis
The median home value in Western Connecticut Planning Region is 71.7% above the Connecticut state average and 186.7% above the U.S. national average. The median rent of $2,110/month is 45.1% above the state average.
With a price-to-rent ratio of 25.8, Western Connecticut Planning Region is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Western Connecticut Planning Region has an owner-occupancy rate of 66.4%, 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 |
|---|---|---|---|
| Deschutes County | Oregon | $650,900 | $1,787 |
| Morgan County | Utah | $654,900 | $1,492 |
| Valley County | Idaho | $657,000 | $1,117 |
| Hood River County | Oregon | $660,000 | $1,417 |
| Westchester County | New York | $663,200 | $1,951 |
Other Counties in Connecticut
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Greater Bridgeport Planning Region | $428,800 | $1,546 | 65.3% |
| Lower Connecticut River Valley Planning Region | $379,700 | $1,454 | 75.8% |
| South Central Connecticut Planning Region | $353,100 | $1,525 | 60.5% |
| Northwest Hills Planning Region | $335,600 | $1,193 | 76.3% |
| Capitol Planning Region | $323,700 | $1,411 | 65.7% |
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).