Connecticut is considered to be part of the New England regions of the United States, located in the Northeast. Connecticut is the 29th most populous state in the country, with a total of about 3.5 million residents. However, due to the size of the state, it is also the fourth most populated in the nation in terms of population density per square mile.
Connecticut has, for the majority of its existence, been known to be among the most affluent states in the country. This historical factor still plays a factor today, having the highest per capita income as well as the highest median household income in the country. Per capita income is about $29,000; with the household median income is about $54,000. Such factors undoubtedly have a factor in the real estate market and the homes for sale in Connecticut.
Connecticut homes for sale have a median price of about $225,000, though such prices will differ depending on the location. An example would be Fairfield County, which has a much higher average asking price, approximately $370,000. Furthermore, homes for sale in Connecticut are known for also being in the multi-million dollar range.
Only California has more homes that are priced over one million dollars. About three percent of the homes for sale in Connecticut are over one million dollars. Another consideration to take in mind is the fact that Southern Connecticut is considered to be part of the New York metropolitan area, which is also bound to have an effect on the prices for Connecticut homes for sale.
