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Lakes East

Learn about the people, housing, costs and businesses in Lakes East, Connecticut

Median Home$704,253
Median Rent$2,062/month
Population1,265
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality5% professional services
Home Value Growth⬆⬆+18.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners84% of occupied units
NotableHigh Incomes$189k/year · top 1% nationally
NotableHighly Educated27% bachelor's · 32% graduate · top 14% nationally
Lakes East
CT

Frequently Asked Questions

What are today's mortgage rates in Lakes East?

As of today, the 30-year fixed mortgage rate for Lakes East is approximately 6.805% (6.838% 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 Lakes East?

The median home value in Lakes East is $704k. The median monthly rent is $2,062. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lakes East?

Home values in Lakes East have increased 18.5% 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 Lakes East?

Based on a typical all-in ownership cost of $2,955/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $127k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakes East is $189k/year.

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What industries drive the economy in Lakes East?

The largest employment sectors in Lakes East are public administration (27%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.