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Redding Center

Learn about the people, housing, costs and businesses in Redding Center, Connecticut

Median Home$737,500
Median Rent$1,856/month
Population295
Leading IndustriesConstruction · Wholesale Trade · Agriculture & Mining9% construction
Home Value Growth⬆⬆⬆+23.0% over 2 years
Young Adults23% of residents
Homeowners94% of occupied units
NotableHigh Incomes$189k/year · top 1% nationally
Redding Center
CT

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Redding Center?

As of today, the 30-year fixed mortgage rate for Redding Center is approximately 6.832% (6.866% 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 Redding Center?

The median home value in Redding Center is $738k. The median monthly rent is $1,856. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redding Center?

Home values in Redding Center have increased 23.0% 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 Redding Center?

Based on a typical all-in ownership cost of $3,280/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $141k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redding Center is $189k/year.

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What industries drive the economy in Redding Center?

The largest employment sectors in Redding Center are public administration (29%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.