Torrington, CT has a population of 35,227, including 83% white, 10% latino, and 4% asian.
Population | 35,078 |
Median Age | 45.2 |
Poverty Rate | 10% |
Household Income | $61,313 |
Number Of Employees | 17,847 |
Median Property Value | $160,200 |
The median household income in Torrington, CT is around $58,717, while the median age is 44.5. This city is a home to major universities: n/a, n/a, and n/a. 17,983 employees work in Torrington, CT. The homeownership rate among the residents is 66.76%. The median property value that you should keep in mind is $162,300.
Rent Price | Jan | vs Last Month |
---|---|---|
1-bed apartments | $859 | -6.4% |
2-bed apartments | $1,166 | -4.5% |
3-bed apartments | $1,843 | +14.2% |
4+ bed apartments | $1,251 | N/A |
Over the Jan 2023, the average rent for an apartment in/near Torrington, CT increased by 2.1% to $1,345.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 6.4% to $859. Pricing for 2-bed apartment also decreased by 4.5% and a place of this size will now cost you $1,166. 3-bed apartment rent pricing starts at $1,843, it increased by 14.2% lately. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,251 for a big-family home.
Rent Type Price | Jan | vs Last Month |
---|---|---|
Townhouses for rent | $1,166 | +0.3% |
Condos for rent | $3,000 | +150% |
Apartments for rent | $1,410 | +5.7% |
Houses for rent | $1,611 | -5.8% |
The median rent for an apartment in Torrington, CT increased by 5.7% to $1,410. Statistics show that house rent price decreased by 5.8% this month making it up to $1,611. Condos faced an upward trend these days. The median rent for a condo increased by 150%, it’s now available for $3,000. The median rent for a townhouse increased by 0.3%, you’ll have to spend around $1,166 to get one.