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Ball Pond

Learn about the people, housing, costs and businesses in Ball Pond, Connecticut

Median Home$449,700
Median Rent$1,848/month
Population2,190
Leading IndustriesArts, Food & Hospitality · Construction · Healthcare14% arts, food & hospitality
Home Value Growth⬆⬆+13.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners93% of occupied units
NotableHigh Incomes$135k/year · top 6% nationally
Ball Pond
CT

Frequently Asked Questions

What are today's mortgage rates in Ball Pond?

As of today, the 30-year fixed mortgage rate for Ball Pond is approximately 6.861% (6.896% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Ball Pond?

The median home value in Ball Pond is $450k. The median monthly rent is $1,848. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ball Pond?

Home values in Ball Pond have increased 13.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ball Pond?

Based on a typical all-in ownership cost of $2,261/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $97k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ball Pond is $135k/year.

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What industries drive the economy in Ball Pond?

The largest employment sectors in Ball Pond are public administration (18%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.