Real Estate Relocation Guide To Connecticut

Relocating from Chicago to Connecticut is a major move. You’re crossing state lines and heading 840 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Hartford or Bridgeport you can get a good idea of the Connecticut landscape and locate the best area for you and your family.

We’ll start with the big picture… Connecticut has an estimated population of 3.5 million* and around 4,800 square miles of land. The total number of housing units is 1,432,250, of which about 921,000 are owner-occupied and 404,000 are inhabited by renters. Roughly 107,000, or 7.5 percent, of the residences in the state are vacant. The median home value in Connecticut is $298,900 and the median household income is $63,422. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Connecticut, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Connecticut real estate has to offer…

About 11,300 homes in Connecticut are new construction, developed in 2005 or after (another 55,600 were put up between 2000 and 2004). Connecticut has its share of vintage charm as well with 346,450 residences built prior to 1940. The total number of detached, single-family houses across the state is 851,450, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Constitution State, monthly mortgage costs in [Alabama] generally hover between $1,000 and 2,000+.

Relocation Resources

Greenwich Real Estate Service - Exquisite Homes for Exceptional People
Greenwich Real Estate Service is an agent of Coldwell Banker Previews, a full service real property brokerage. We provide full fiduciary responsibilities to both buyers and sellers and are licensed in the entire state of CT.

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com