Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Chimney Point

Learn about the people, housing, costs and businesses in Chimney Point, Connecticut

Median Home$448,200
Median Rent$2,043/month
Population133
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Education27% public administration
Home Value Growth+6.4% over 2 years
Young Adults23% of residents
Homeowners88% of occupied units
NotableTransit88/100 · excellent transit access
NotableHigh Incomes$112k/year · top 11% nationally
Chimney Point
CT

Frequently Asked Questions

What are today's mortgage rates in Chimney Point?

As of today, the 30-year fixed mortgage rate for Chimney Point 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.

View current rates for Chimney Point
What is the median home price in Chimney Point?

The median home value in Chimney Point is $448k. The median monthly rent is $2,043. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chimney Point?

Home values in Chimney Point have increased 6.4% over the past two years. This represents moderate growth. 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 Chimney Point?

Based on a typical all-in ownership cost of $2,069/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $89k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chimney Point is $112k/year.

Calculate your buying power
What industries drive the economy in Chimney Point?

The largest employment sectors in Chimney Point are public administration (27%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.