Cost of Ownership · Connecticut

The true cost of owning a home in Connecticut

For a median $343,200 home in Connecticut, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$2,766/mo

PITI + PMI

True monthly cost

$3,052/mo

everything, incl. upkeep

The gap

+$286/mo

what approval leaves out

Principal & interest$1,938/mo

Property tax$548/mo

Homeowners insurance$151/mo

PMI (LTV > 80%)$129/mo

Maintenance reserve$286/mo

True monthly cost$3,052/mo

Effective property-tax rate

1.92%

Avg. homeowners premium

$1,814/yr

NFIP flood claims on record

29,425

These figures use Connecticut’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Connecticut ranks on property tax and insurance, or browse every state.