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Lake Chaffee, CT
Full City Profile · Connecticut · Capitol Planning Region County
3.9
/5.0
B+
Good
299
Population
2,300/sq mi density
$97,813
Median Income
$43,218 per capita
$252,800
Home Value
$326,837 Zillow
47°F
Avg Temperature
271 sunny days/yr
213
Violent Crime/100K
1,689 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$97,813 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$252,800 home value, /mo rent
F
Safety
1.0 / 5.0
213 violent crimes/100K
A+
Education
4.7 / 5.0
45.7% bachelor's degree or higher
Housing Overview
Median Home Value
$252,800
10% below
US avg: $281,900
Homeownership Rate
80.0%
22% above US avg (65.4%)
Total Housing Units
185
Median year built: 1957
Home Value by Source
Census Median
$252,800
Zillow (ZHVI)
$326,837
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.0%
Owner-Occupied
20.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,351/mo
1 Bedroom
$1,590/mo
2 Bedroom
$1,955/mo
3 Bedroom
$2,415/mo
4 Bedroom
$2,824/mo
Affordability & Housing Stock
Rent Burden
27.1%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1957
Average age of housing stock: 69 years
Homeownership Rate
80.0%
Complete Housing Data
Home Values
| Census Median Value | $252,800 |
| Zillow Home Value (ZHVI) | $326,837 |
Rent
| FMR Studio | $1,351 |
| FMR 1-Bedroom | $1,590 |
| FMR 2-Bedroom | $1,955 |
| FMR 3-Bedroom | $2,415 |
| FMR 4-Bedroom | $2,824 |
Market
Ownership & Stock
| Owner-Occupied | 80.0% |
| Renter-Occupied | 20.0% |
| Homeownership Rate | 80.0% |
| Total Housing Units | 185 |
| Median Year Built | 1957 |
| Rent Burden | 27.1% |