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Mystic

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

Median Home$593,785
Median Rent$2,210/month
Population4,245
Leading IndustriesRetail · Arts, Food & Hospitality · Public Administration19% retail
Home Value Growth⬆⬆+17.3% over 2 years
Retirees37% of residentstop 2% nationally
Homeowners73% of occupied units
NotableAmenity Score88/100 · highly walkable area
NotableHigh Incomes$155k/year · top 3% nationally
Mystic
CT

Frequently Asked Questions

What are today's mortgage rates in Mystic?

As of today, the 30-year fixed mortgage rate for Mystic is approximately 6.815% (6.848% 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 Mystic?

The median home value in Mystic is $594k. The median monthly rent is $2,210. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mystic?

Home values in Mystic have increased 17.3% 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 Mystic?

Based on a typical all-in ownership cost of $2,105/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $90k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mystic is $155k/year.

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What industries drive the economy in Mystic?

The largest employment sectors in Mystic are public administration (27%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.