Oakville, Connecticut Real Estate & Housing Market

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Oakville Housing Information

Index	Oakville	Connecticut	National
Median home price	$196,600	$269,300	$184,700
Median rent asked	$946	$1,094	$949
Avg. people per household	2.4	2.5	2.6
Owner occupied households	74.4%	66.5%	63.6%
Renter occupied households	25.6%	33.5%	36.4%

The above shows an overview of the real estate market in Oakville, CT. Note how the median home price for Oakville, CT runs $196,600, which is 27% lower than the average property price for Connecticut. So you’re going to get real estate in Oakville, CT that is on-average more affordable than what you’ll find in the rest of Connecticut. As for rent, the median for Oakville, CT runs $946, which is comparatively 14% lower than the average rent for Connecticut. For Oakville, CT, about 74.4% of the population consist of home owners with about 2.4 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Oakville, CT offers a wide variety of real estate. To find your perfect home in Oakville, CT, filter your choice by price, location, and number of beds and baths using the search area above.

Oakville Home Affordability

When deciding where to purchase Oakville, CT real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Oakville, CT the median home price is $196,600 and $66,348 is the median household income. As a result, the home price to income ratio in Oakville, CT is 3.0x, which is 21% lower than the Connecticut average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Oakville, CT the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Oakville, CT.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Waterbury, CT	109,211	$129,500	30%
Heritage Village, CT	3,875	$148,600	20%
Torrington, CT	35,227	$162,300	12%
Naugatuck, CT	31,625	$178,800	3%
Terryville, CT	5,431	$183,100	1%
Oakville, CT	9,133	$196,600	6%

Cities with similar population

City, State	Population	Home Price	National Avg.
Milford, NH	9,136	$220,900	20%
Shawano, WI	9,130	$102,200	45%
Leonia, NJ	9,137	$473,200	156%
Taft, CA	9,128	$150,700	18%
Box Elder, SD	9,126	$138,400	25%
Oakville, CT	9,133	$196,600	6%

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