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Southwood Acres

Learn about the people, housing, costs and businesses in Southwood Acres, Connecticut

Median Home$266,911
Median Rent$1,655/month
Population7,871
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation9% arts, food & hospitality
Home Value Growth⬆⬆+17.9% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners82% of occupied units
NotableHighly Educated30% bachelor's · 15% graduate · top 9% nationally
NotableHigh Incomes$104k/year · top 15% nationally
Southwood Acres
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 Southwood Acres?

As of today, the 30-year fixed mortgage rate for Southwood Acres is approximately 6.841% (6.875% 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 Southwood Acres?

The median home value in Southwood Acres is $267k. The median monthly rent is $1,655. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Southwood Acres?

Home values in Southwood Acres have increased 17.9% 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 Southwood Acres?

Based on a typical all-in ownership cost of $1,686/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $72k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Southwood Acres is $104k/year.

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What industries drive the economy in Southwood Acres?

The largest employment sectors in Southwood Acres are public administration (21%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.