Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
The median home value in Connecticut was approximately $400,000 in 2024, per Zillow data.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (CTSTHPI).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Homeownership Rate | 66 | 65.6 |
- •Home prices in Connecticut vary significantly between metro and rural areas.
Median Home Value
The median home value in Connecticut is around $395,000 after strong post-pandemic price growth.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Median home value (USD) | 395000 | 340000 |
- •Connecticut home prices rose faster than the national average after 2020 as New Yorkers moved north.
Rent Prices
The median gross rent in Connecticut was approximately $1,950 per month in 2024.
Rent of primary residence index (Northeast region)
2006–2025BLS CPI-U, Northeast region, annual average (CUUR0100SEHA).
- •Rent prices in Connecticut vary widely between its largest metro areas and rural regions.
Housing Inventory
Connecticut's housing inventory reflects a vacancy rate of 6.8% alongside roughly 6,200 new permits issued in 2023.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Vacancy Rate | 6.8 | 8 |
- •Tight housing inventory has been a persistent issue in several Connecticut metro areas.
Building Permits
Connecticut issued approximately 6,200 new residential building permits in 2023, per Census Bureau data.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED CTBPPRIV).
- •Building permit trends in Connecticut reflect broader housing demand and zoning conditions.
Homeownership Rate
Connecticut's homeownership rate stood at 66.0% in 2023, compared with 65.6% nationally.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED CTHOWN).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Homeownership Rate | 66 | 65.6 |
- •Homeownership in Connecticut tends to be higher in suburban and rural counties than in urban centers.
Housing Affordability
With a median home value of $400,000 against median income of $90,213, housing affordability in Connecticut reflects a price-to-income ratio of 4.4.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 117 | 100 |
- •Housing affordability pressures in Connecticut have intensified amid rising mortgage rates since 2022.
Vacancy Rate
Connecticut's rental vacancy rate was 6.8% in 2023, compared to 8.0% nationally.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED CTRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED CTHVAC).
| Indicator | Connecticut | U.S. |
|---|---|---|
| Vacancy Rate | 6.8 | 8 |
- •Low vacancy rates in Connecticut can contribute to upward pressure on rents.