The typical owner-occupied home in Old Greenwich is worth about $1,844,700, 5.0 times the Connecticut median of $366,900 and 5.5 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.54% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $250,001 a year, so the median home costs 7.4 times the median income (3.8 times for Connecticut). 86% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Old Greenwich at a glance
| Old Greenwich | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $1,844,700 | $366,900 | $332,700 |
| Median property tax paid per year | $10,001 | $6,643 | $3,119 |
| Property tax as a share of value | 0.54% | 1.81% | 0.94% |
| Median household income | $250,001 | $95,781 | $80,734 |
| Homes lived in by their owners | 86% | 66% | 65% |
| Owner homes with a mortgage | 71% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 21.8% | 21.0% |
| Median rent | $3,501 | $1,488 | $1,413 |
| Rent as a share of renters' income | 29.9% | 31.4% | 30.6% |
| Median year homes were built | 1966 | 1967 | 1980 |
| Vacant homes | 6.2% | 7.0% | 10.1% |
| Population | 6,936 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Old Greenwich
At this week's average 30-year rate of 7.11%, buying the median Old Greenwich home of $1,844,700 with 20% down costs about $11,526 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $14,896, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $493,983 for the 20%-down payment. That payment is 55% of the median Old Greenwich household income of $250,001; at that income and 20% down, the 28% guideline points to a home of about $934,000.
The median rent here is $3,501 a month, so owning the median home costs about $8,025 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $368,940 |
|---|---|
| Loan amount | $1,475,760 |
| Principal and interest | $9,928 |
| Property taxes (0.54% a year) | $830 |
| Homeowners insurance (our estimate, 0.5% a year) | $769 |
| PMI | $0 |
| Total per month | $11,526 |
Change the numbers in the calculator
| Down payment | $64,564 |
|---|---|
| Loan amount | $1,811,288 |
| Principal and interest | $12,185 |
| Property taxes (0.54% a year) | $830 |
| Homeowners insurance (our estimate, 0.5% a year) | $769 |
| FHA mortgage insurance | $1,113 |
| Total per month | $14,896 |
Change the numbers in the calculator
Questions about home buying in Old Greenwich
What is the median home value in Old Greenwich?
About $1,844,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Old Greenwich?
Homeowners pay a median $10,001 a year, which is about 0.54% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Old Greenwich?
For the median home with 20% down at 7.11%, the payment is about $11,526 a month. Keeping that under 28% of gross income takes about $493,983 a year.
More about Old Greenwich
- Mortgage Refinance in Old Greenwich
- Debt Relief in Old Greenwich
- Home Equity Loans in Old Greenwich
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data