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Old Hill

Learn about the people, housing, costs and businesses in Old Hill, Connecticut

Median Home$1,422,900
Median Rent$3,501/month
Population2,772
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare7% professional services
Home Value Growth⬆⬆+14.3% over 2 years
Family-Friendly34% of residentstop 1% nationally
Homeowners94% of occupied units
NotableHigh Incomes$250k/year · top 1% nationally
NotableHighly Educated36% bachelor's · 33% graduate · top 3% nationally
Old Hill
CT

Frequently Asked Questions

What are today's mortgage rates in Old Hill?

As of today, the 30-year fixed mortgage rate for Old Hill is approximately 7.006% (7.039% 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 Old Hill?

The median home value in Old Hill is $1.4M. The median monthly rent is $3,501. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Old Hill?

Home values in Old Hill have increased 14.3% 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 Old Hill?

Based on a typical all-in ownership cost of $4,001/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $171k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Old Hill is $250k/year.

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What industries drive the economy in Old Hill?

The largest employment sectors in Old Hill are healthcare (23%) and arts, food, and hospitality (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.