According to statistics, the population in New Milford, CT amounts to 7,073, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $57,768, shifting growth 1% from the past year, and the average property value in New Milford, CT decline -2% to $220,700 throughout the year.
|Number Of Employees||4,208|
|Median Property Value||$220,700|
The average household income in New Milford, CT grew from $57,108 to $57,768 in the past year. This data is an estimate based upon 3,041 households in New Milford, CT . The chart below presents how household income is distributed in New Milford, CT in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in New Milford, CT shifted from $224,700 to $220,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in New Milford, CT in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of New Milford, CT properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New Milford, CT compared to median property taxes around the country. The prevalent amount of property taxes in New Milford, CT equals $3000, which is less than the national average.
|Apartment Size||Mar||vs Last Month|
|4+ bed apartments||$899,200||-43.8%|
During March 2023, the average price for an apartment in/near New Milford, CT decreased by 48.4% to $490,062.
Knowing the current property prices is key if you plan to buy a studio in New Milford, CT. The average price for a studio has decreased since the last month, currently being $260,783. After collecting all data points, we now see that the average price for 1-bed apartment increased by 52% to $212,583. Asking price for 2-bed apartment also increased by 154.9% and a place of this size will now cost you $662,450. A 3-bed apartment goes for $555,070, it decreased by 23.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 43.8% and made it down to $899,200.
|Listing Type||Mar||vs Last Month|
|Land for sale||$260,783||-40.7%|
|Houses for sale||$665,329||-44.9%|
|Condos for sale||$222,750||-7.4%|
Price reports demonstrate that house price decreased by 44.9% this month making it up to $665,329. Condos faced an upward trend these days. The median price for a condo decreased by 7.4%, it’s now available for $222,750. The price statistics of lofts have not significantly changed, it now still goes for $1,263,000. Value of the townhouses didn’t change, the price still starts at $693,250. The average price of the land for sale in New Milford, CT has decreased by 40.7%, and now equals $260,783.