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Cannondale

Learn about the people, housing, costs and businesses in Cannondale, Connecticut

Median Home$810,648
Median Rent$1,631/month
Population393
Leading IndustriesArts, Food & Hospitality · Healthcare · Education15% arts, food & hospitality
Home Value Growth⬆⬆+12.9% over 2 years
Retirees30% of residentswell above average
Homeowners73% of occupied units
NotableTransit96/100 · excellent transit access
NotableHigh Incomes$162k/year · top 3% nationally
Cannondale
CT

Frequently Asked Questions

What are today's mortgage rates in Cannondale?

As of today, the 30-year fixed mortgage rate for Cannondale is approximately 6.941% (6.979% 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 Cannondale?

The median home value in Cannondale is $811k. The median monthly rent is $1,631. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cannondale?

Home values in Cannondale have increased 12.9% 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 Cannondale?

Based on a typical all-in ownership cost of $2,805/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $120k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cannondale is $162k/year.

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What industries drive the economy in Cannondale?

The largest employment sectors in Cannondale are public administration (24%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.