East Hampton, Connecticut Real Estate & Housing Market

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East Hampton Housing Information

Index	East Hampton	Connecticut	National
Median home price	$241,000	$269,300	$184,700
Median rent asked	$755	$1,094	$949
Avg. people per household	2.5	2.5	2.6
Owner occupied households	86.1%	66.5%	63.6%
Renter occupied households	13.9%	33.5%	36.4%

A general summary of the real estate market in East Hampton, CT is listed above. Properties in East Hampton, CT average a cost of $241,000, which is 11% lower than the median home price for real estate located in Connecticut. This means that the region of East Hampton, CT is, on average, more affordable when compared to the remainder of Connecticut. Since tenants living in East Hampton, CT will pay an average of $755, the median rental cost is 31% lower than in Connecticut. 86.1% of people in East Hampton, CT own their own homes, and an average of 2.5 people inhabit each property. East Hampton, CT has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

East Hampton Home Affordability

When starting your search for real estate in East Hampton, CT, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in East Hampton, CT costs $241,000 while each household has an average income of $86,569. Consequently, the ratio of home price to household income is 2.8x; this ratio is 26% lower than the average in Connecticut. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in East Hampton, CT. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in East Hampton, CT.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Willimantic, CT	17,339	$140,400	24%
New Britain, CT	72,876	$157,300	15%
Hartford, CT	124,320	$159,100	14%
East Hartford, CT	50,834	$163,300	12%
Manchester, CT	30,364	$167,700	9%
East Hampton, CT	2,693	$241,000	30%

Cities with similar population

City, State	Population	Home Price	National Avg.
Hampton, SC	2,693	$93,800	49%
Conneaut Lakeshore, PA	2,693	$155,200	16%
Mountain View, MO	2,694	$87,000	53%
Howe, TX	2,692	$100,700	45%
Pageland, SC	2,691	$85,400	54%
East Hampton, CT	2,693	$241,000	30%

Source: The East Hampton, CT housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).