Cities with the most expensive homes in the New Haven metro area
Cities with the most expensive homes in the New Haven metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.
The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the New Haven metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#28. Waterbury, CT
- Typical home value: $231,742
- 1-year price change: +10.1%
- 5-year price change: +100.7%
#27. Meriden, CT
- Typical home value: $265,607
- 1-year price change: +6.2%
- 5-year price change: +56.7%
#26. New Haven, CT
- Typical home value: $279,796
- 1-year price change: +4.7%
- 5-year price change: +56.5%
#25. Naugatuck, CT
- Typical home value: $291,899
- 1-year price change: +7.0%
- 5-year price change: +67.2%
#24. Derby, CT
- Typical home value: $293,095
- 1-year price change: +5.7%
- 5-year price change: +61.3%
#23. West Haven, CT
- Typical home value: $300,688
- 1-year price change: +6.3%
- 5-year price change: +65.2%
#22. East Haven, CT
- Typical home value: $303,133
- 1-year price change: +6.9%
- 5-year price change: +60.0%
#21. Hamden, CT
- Typical home value: $309,813
- 1-year price change: +6.4%
- 5-year price change: +54.8%
#20. Ansonia, CT
- Typical home value: $319,346
- 1-year price change: +6.1%
- 5-year price change: +57.1%
#19. Wolcott, CT
- Typical home value: $332,811
- 1-year price change: +6.6%
- 5-year price change: +46.7%
#18. Seymour, CT
- Typical home value: $355,184
- 1-year price change: +6.8%
- 5-year price change: +57.1%
#17. Beacon Falls, CT
- Typical home value: $358,153
- 1-year price change: +6.2%
- 5-year price change: +51.6%
#16. Wallingford, CT
- Typical home value: $359,184
- 1-year price change: +6.8%
- 5-year price change: +45.1%
#15. North Branford, CT
- Typical home value: $400,945
- 1-year price change: +6.4%
- 5-year price change: +48.9%
#14. Branford, CT
- Typical home value: $402,179
- 1-year price change: +7.9%
- 5-year price change: +48.9%
#13. Prospect, CT
- Typical home value: $403,323
- 1-year price change: +5.6%
- 5-year price change: +44.8%
#12. Southbury, CT
- Typical home value: $406,709
- 1-year price change: +6.3%
- 5-year price change: +49.5%
#11. North Haven, CT
- Typical home value: $408,446
- 1-year price change: +6.0%
- 5-year price change: +41.2%
#10. Milford, CT
- Typical home value: $441,317
- 1-year price change: +7.0%
- 5-year price change: +54.1%
#9. Cheshire, CT
- Typical home value: $449,945
- 1-year price change: +6.9%
- 5-year price change: +46.6%
#8. Middlebury, CT
- Typical home value: $487,329
- 1-year price change: +5.9%
- 5-year price change: +47.0%
#7. Bethany, CT
- Typical home value: $488,075
- 1-year price change: +6.6%
- 5-year price change: +49.4%
#6. Oxford, CT
- Typical home value: $508,307
- 1-year price change: +6.6%
- 5-year price change: +49.8%
#5. Woodmont, CT
- Typical home value: $510,236
- 1-year price change: +9.5%
- 5-year price change: +59.9%
#4. Guilford, CT
- Typical home value: $542,547
- 1-year price change: +7.1%
- 5-year price change: +51.1%
#3. Orange, CT
- Typical home value: $552,578
- 1-year price change: +5.8%
- 5-year price change: +45.9%
#2. Woodbridge, CT
- Typical home value: $593,113
- 1-year price change: +8.1%
- 5-year price change: +47.7%
#1. Madison, CT
- Typical home value: $610,436
- 1-year price change: +7.9%
- 5-year price change: +52.4%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
