2026 data · 1.96% property tax · Median home $313,200
Connecticut Mortgage Calculator
A median-priced home in Connecticut ($313,200) costs roughly $2,351 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Connecticut's effective property tax rate is 1.96% — well above the US average of about 1.0%.
Connecticut median-home monthly payment
$2,351/mo
P&I $1,667 · Tax $512 · Insurance $172
@ $313,200 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Connecticut
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $327 | $110 | $1,501 |
| $300,000 | $60,000 | $1,597 | $490 | $165 | $2,252 |
| $313,200 (state median) | $62,640 | $1,667 | $512 | $172 | $2,351 |
| $400,000 | $80,000 | $2,129 | $653 | $220 | $3,002 |
| $500,000 | $100,000 | $2,661 | $817 | $275 | $3,753 |
| $750,000 | $150,000 | $3,992 | $1,225 | $413 | $5,629 |
Calculations use Connecticut's 1.96% effective property tax rate, estimated homeowners insurance at 0.66%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Connecticut property tax
Effective rate
1.96%
Median home value
$313,200
Median property tax
$6,476/yr
Connecticut has the 2nd-highest effective property tax rate in the US (1.96%). Mill rates vary widely by town — research the specific town before buying.
See our property tax calculator for a state-by-state property tax breakdown, and our Connecticut paycheck calculator to estimate take-home pay against this monthly housing cost.
Connecticut vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Connecticut (this page) | 1.96% | $313,200 | $6,476 | |
| New York | 1.46% | $384,100 | $6,280 | New York mortgage → |
| Massachusetts | 1.12% | $498,700 | $5,618 | Massachusetts mortgage → |
| Rhode Island | 1.37% | $322,100 | $4,378 | Rhode Island mortgage → |
FAQs about Connecticut mortgages
What is the property tax rate in Connecticut?
Connecticut's effective property tax rate is 1.96%, meaning the average homeowner pays roughly 1.96% of their home's value in property tax annually. On a $313,200 home (the state median), that's about $6,476 per year, or $540 per month added to your mortgage payment.
What is the average monthly mortgage payment in Connecticut?
For a home at Connecticut's median value of $313,200, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Connecticut's 1.96% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,351. This includes $1,667 principal & interest, $512 property tax, and $172 homeowners insurance.
How much income do I need to buy a house in Connecticut?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $100,757 to comfortably afford Connecticut's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $65,609 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Connecticut a good state to buy a house?
Connecticut's combination of 1.96% property tax (well above the national average of ~1.0%) and median home value of $313,200 place it in the mid-range of state housing markets nationally. Connecticut has the 2nd-highest effective property tax rate in the US (1.96%).
How does Connecticut property tax compare to neighboring states?
Connecticut's 1.96% rate compares to: New York at 1.46%, Massachusetts at 1.12%, Rhode Island at 1.37%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Connecticut have a homestead exemption?
Connecticut offers various property tax relief programs. Connecticut has the 2nd-highest effective property tax rate in the US (1.96%). Mill rates vary widely by town — research the specific town before buying. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Connecticut mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,667, Property Tax $512, Homeowners Insurance $172. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.