Connecticut Housing & Mortgage Data 2026
| Factor | Connecticut Data |
|---|---|
| Average Property Tax Rate | 2.14% of assessed value/year |
| Property Tax on $400k Home | ~$8,560/year ($713/mo) |
| 30-Year Fixed Rate (2026 avg) | ~6.65% (varies by lender + credit) |
| State Income Tax | 3%–6.99% |
| Sales Tax Rate | 6.35% |
Monthly Payment Estimate: Connecticut
| Home Price | 20% Down | P&I (6.5%) | + Connecticut Tax/mo | Total PITI est. |
|---|---|---|---|---|
| $300,000 | $60k | $1,517 | ~$535 | ~$2,165 |
| $400,000 | $80k | $2,025 | ~$713 | ~$2,888 |
| $500,000 | $100k | $2,528 | ~$892 | ~$3,608 |
| $600,000 | $120k | $3,034 | ~$1,070 | ~$4,329 |
| $750,000 | $150k | $3,791 | ~$1,338 | ~$5,410 |
P&I = Principal & Interest at 6.5% rate, 30-year fixed. PITI adds estimated Connecticut property tax + homeowners insurance (~0.45% annually). PMI not included (assumes 20% down).
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Use the Free Calculator →Frequently Asked Questions
What is the property tax rate in Connecticut?
Connecticut's average effective property tax rate is 2.14% annually. On a $400,000 home, that's approximately $8,560/year or $713/month in taxes.
Is Connecticut expensive to buy a home in?
Connecticut's property tax rate of 2.14% is above the national average in the US. High property taxes significantly add to your monthly housing costs.
Related: PITI Calculator · PMI Calculator · Refinance Calculator