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Lake Bungee

Learn about the people, housing, costs and businesses in Lake Bungee, Connecticut

Median Home$421,600
Median Rent$1,445/month
Population721
Leading IndustriesWholesale Trade · Public Administration · Construction12% wholesale trade
Home Value Growth+3.0% over 2 years
Retirees27% of residentsabove average nationally
Homeowners82% of occupied units
NotableTransit86/100 · excellent transit access
NotableHigh Incomes$128k/year · top 7% nationally
Lake Bungee
CT

Frequently Asked Questions

What are today's mortgage rates in Lake Bungee?

As of today, the 30-year fixed mortgage rate for Lake Bungee is approximately 6.897% (6.933% 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 Lake Bungee?

The median home value in Lake Bungee is $422k. The median monthly rent is $1,445. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Bungee?

Home values in Lake Bungee have increased 3.0% 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 Lake Bungee?

Based on a typical all-in ownership cost of $1,829/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Bungee is $128k/year.

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What industries drive the economy in Lake Bungee?

The largest employment sectors in Lake Bungee are public administration (28%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.