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Route 7 Gateway

Learn about the people, housing, costs and businesses in Route 7 Gateway, Connecticut

Median Home$689,300
Median Rent$2,062/month
Population790
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare4% professional services
Home Value Growth⬆⬆+18.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners83% of occupied units
NotableHigh Incomes$180k/year · top 2% nationally
NotableHighly Educated27% bachelor's · 28% graduate · top 14% nationally
Route 7 Gateway
CT

Explore Route 7 Gateway

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

Frequently Asked Questions

What are today's mortgage rates in Route 7 Gateway?

As of today, the 30-year fixed mortgage rate for Route 7 Gateway is approximately 6.855% (6.890% 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 Route 7 Gateway?

The median home value in Route 7 Gateway is $689k. 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 Route 7 Gateway?

Home values in Route 7 Gateway 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 Route 7 Gateway?

Based on a typical all-in ownership cost of $2,858/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $122k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Route 7 Gateway is $180k/year.

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What industries drive the economy in Route 7 Gateway?

The largest employment sectors in Route 7 Gateway are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.