Wethersfield, Connecticut Real Estate & Housing Market

Wethersfield, CT Listings

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Wethersfield Housing Information

Index	Wethersfield	Connecticut	National
Median home price	$246,200	$269,300	$184,700
Median rent asked	$1,025	$1,094	$949
Avg. people per household	2.3	2.5	2.6
Owner occupied households	76.3%	66.5%	63.6%
Renter occupied households	23.7%	33.5%	36.4%

A general summary of the real estate market in Wethersfield, CT is listed above. Properties in Wethersfield, CT average a cost of $246,200, which is 9% lower than the median home price for real estate located in Connecticut. This means that the region of Wethersfield, CT is, on average, more affordable when compared to the remainder of Connecticut. Since tenants living in Wethersfield, CT will pay an average of $1,025, the median rental cost is 6% lower than in Connecticut. 76.3% of people in Wethersfield, CT own their own homes, and an average of 2.3 people inhabit each property. Wethersfield, 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.

Wethersfield Home Affordability

When starting your search for real estate in Wethersfield, 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 Wethersfield, CT costs $246,200 while each household has an average income of $78,371. Consequently, the ratio of home price to household income is 3.1x; this ratio is 16% 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 Wethersfield, 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 Wethersfield, CT.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Blue Hills, CT	3,181	$148,800	19%
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%
Wethersfield, CT	26,396	$246,200	33%

Cities with similar population

City, State	Population	Home Price	National Avg.
Paradise, CA	26,396	$200,900	9%
Wakefield, MA	26,399	$433,000	134%
Timberwood Park, TX	26,388	$294,000	59%
Batavia, IL	26,413	$278,600	51%
Lemon Grove, CA	26,421	$346,400	88%
Wethersfield, CT	26,396	$246,200	33%

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