Connecticut
Ranked #32 of 51 for housing affordability
Median Home Price
🏠$368K
4.01x income
Median Rent
🔑$1,463
33.0% rent-burdened
Median Income
💰$92K
Population: 3,626,205
Homeownership
🏡66.0%
2,923 experiencing homelessness
Housing Shortage
📉85,000
units needed
Building Permits (2024)
🔨5,926
Price-to-Income
📊4.01x
Severe Rent Burden
⚠️16.1%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($2027) is above the state median rent ($1463) — vouchers cover typical rents.
Metros in Connecticut
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Hartford | 50 | $337K | $1,397 | $92K | 32.0% |
| Bridgeport-Stamford | 28 | $575K | $1,862 | $111K | 34.0% |
| New Haven | 77 | $349K | $1,471 | $81K | 28.3% |
| Waterbury-Shelton | 80 | $327K | $1,298 | $81K | 27.8% |
| Norwich-New London-Willimantic | 81 | $324K | $1,348 | $83K | 24.0% |
Market Trends
Homeownership Rate
66.0%
Rent-to-Income Ratio
19.0%
of gross income spent on rent
Total Households
1,442,969
Owner-Occupied
948,121
Renter-Occupied
494,848
Homelessness
Latest Count (2024)
3,410
1-Year Change
+13.1%
10-Year Trend (2015–2024)
-15.7%
4,047 → 3,410
Housing Policies
Construction Activity
Total Permits (2024)
5,926
0.4% of national total
Single-Family
2,129
36% of state permits
Multi-Family
3,797
64% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
85,000
units needed
National Shortage
7,300,000
1.2% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Connecticut burden rates with national demographic breakdown
Cost-Burdened Renters
33.0%
paying >30% of income
Severely Burdened
16.1%
paying >50% of income
Households >30% Burden
132,114
Households >35% Burden
29,120