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New Milford, CT
Full City Profile · Connecticut · Naugatuck Valley Planning Region County
3.3
/5.0
B
Good
7,632
Population
1,875/sq mi density
$81,170
Median Income
$36,531 per capita
$326,200
Home Value
$448,694 Zillow
$1,422
Median Rent
28.7% income on rent
48°F
Avg Temperature
275 sunny days/yr
56
Violent Crime/100K
674 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$81,170 median income, 4.4% unemployment
A
Affordability
4.4 / 5.0
$326,200 home value, $1,422/mo rent
F
Safety
1.0 / 5.0
56 violent crimes/100K
B+
Education
3.6 / 5.0
32.8% bachelor's degree or higher
Housing Overview
Median Home Value
$326,200
16% above
US avg: $281,900
Median Rent
$1,422/mo
22% above
US avg: $1,163/mo
Homeownership Rate
60.6%
7% below US avg (65.4%)
Total Housing Units
3,180
Median year built: 1967
Home Value by Source
Census Median
$326,200
Zillow (ZHVI)
$448,694
Median Sale Price
$422,000
Median List Price
$200,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.6%
Owner-Occupied
39.4%
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
Census median rent:
$1,422/mo
Market Indicators (Redfin)
Median Days on Market
37 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$263
Active Inventory
12
homes for sale
Affordability & Housing Stock
Rent Burden
28.7%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
60.6%
Complete Housing Data
Home Values
| Census Median Value | $326,200 |
| Zillow Home Value (ZHVI) | $448,694 |
| Median Sale Price | $422,000 |
| Median List Price | $200,000 |
| Price Per Sq Ft | $263 |
Rent
| Census Median Rent | $1,422 |
| 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
| Days on Market | 37 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 7 |
| Active Inventory | 12 |
| Price Per Sq Ft | $263 |
Ownership & Stock
| Owner-Occupied | 60.6% |
| Renter-Occupied | 39.4% |
| Homeownership Rate | 60.6% |
| Total Housing Units | 3,180 |
| Median Year Built | 1967 |
| Rent Burden | 28.7% |