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Broad Brook

Learn about the people, housing, costs and businesses in Broad Brook, Connecticut

Median Home$347,400
Median Rent$1,329/month
Population4,284
Leading IndustriesTransportation · Arts, Food & Hospitality4% transportation
Home Value Growth⬆⬆+20.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners77% of occupied units
NotableHigh Incomes$123k/year · top 8% nationally
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Broad Brook
CT

Frequently Asked Questions

What are today's mortgage rates in Broad Brook?

As of today, the 30-year fixed mortgage rate for Broad Brook is approximately 6.838% (6.872% 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 Broad Brook?

The median home value in Broad Brook is $347k. The median monthly rent is $1,329. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Broad Brook?

Home values in Broad Brook have increased 20.9% 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 Broad Brook?

Based on a typical all-in ownership cost of $1,923/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Broad Brook is $123k/year.

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What industries drive the economy in Broad Brook?

The largest employment sectors in Broad Brook are public administration (24%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.