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Connecticut Farms

Learn about the people, housing, costs and businesses in Connecticut Farms, New Jersey

Median Home$445,232
Median Rent$1,827/month
Population580
Leading IndustriesInformation & Media · Finance & Insurance · Professional Services11% information & media
Home Value Growth⬆⬆⬆+21.4% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners72% of occupied units
NotableAmenity Score84/100 · highly walkable area
NotableHigh Incomes$128k/year · top 7% nationally
Connecticut Farms
NJ

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Connecticut Farms?

As of today, the 30-year fixed mortgage rate for Connecticut Farms is approximately 6.874% (6.909% 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 Connecticut Farms?

The median home value in Connecticut Farms is $445k. The median monthly rent is $1,827. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Connecticut Farms?

Home values in Connecticut Farms have increased 21.4% 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 Connecticut Farms?

Based on a typical all-in ownership cost of $2,037/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Connecticut Farms is $128k/year.

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What industries drive the economy in Connecticut Farms?

The largest employment sectors in Connecticut Farms are public administration (20%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.