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Woodmont

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

Median Home$404,489
Median Rent$1,868/month
Population1,541
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality5% professional services
Home Value Growth⬆⬆⬆+21.9% over 2 years
Retirees24% of residentsslightly above average
Homeowners86% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableHigh Incomes$114k/year · top 11% nationally
Woodmont
CT

Frequently Asked Questions

What are today's mortgage rates in Woodmont?

As of today, the 30-year fixed mortgage rate for Woodmont is approximately 6.941% (6.979% 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 Woodmont?

The median home value in Woodmont is $404k. The median monthly rent is $1,868. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Woodmont?

Home values in Woodmont have increased 21.9% 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 Woodmont?

Based on a typical all-in ownership cost of $1,826/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Woodmont is $114k/year.

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What industries drive the economy in Woodmont?

The largest employment sectors in Woodmont are public administration (30%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.