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Noank

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

Median Home$749,291
Median Rent$1,202/month
Population1,670
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services19% arts, food & hospitality
Home Value Growth⬆⬆⬆+21.2% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners82% of occupied units
NotableHighly Educated36% bachelor's · 21% graduate · top 3% nationally
NotableHigh Incomes$142k/year · top 5% nationally
Noank
CT

Frequently Asked Questions

What are today's mortgage rates in Noank?

As of today, the 30-year fixed mortgage rate for Noank 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 Noank?

The median home value in Noank is $749k. The median monthly rent is $1,202. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Noank?

Home values in Noank have increased 21.2% 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 Noank?

Based on a typical all-in ownership cost of $2,134/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $91k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Noank is $142k/year.

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What industries drive the economy in Noank?

The largest employment sectors in Noank are public administration (24%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.