The typical owner-occupied home in Redding Center is worth about $616,100, 68% above the Connecticut median of $366,900 and 85% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.62% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $188,482 a year, so the median home costs 3.3 times the median income (3.8 times for Connecticut). 92% of occupied homes here are lived in by their owners, and 84% of those owners still have a mortgage.
Redding Center at a glance
| Redding Center | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $616,100 | $366,900 | $332,700 |
| Median property tax paid per year | $10,001 | $6,643 | $3,119 |
| Property tax as a share of value | 1.62% | 1.81% | 0.94% |
| Median household income | $188,482 | $95,781 | $80,734 |
| Homes lived in by their owners | 92% | 66% | 65% |
| Owner homes with a mortgage | 84% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $3,343 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 23.6% | 21.8% | 21.0% |
| Median rent | – | $1,488 | $1,413 |
| Median year homes were built | 1961 | 1967 | 1980 |
| Vacant homes | 0.0% | 7.0% | 10.1% |
| Population | 262 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Redding Center
At this week's average 30-year rate of 7.11%, buying the median Redding Center home of $616,100 with 20% down costs about $4,404 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,430, 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 $188,746 for the 20%-down payment. That payment is 28% of the median Redding Center household income of $188,482; at that income and 20% down, the 28% guideline points to a home of about $615,000.
| Down payment | $123,220 |
|---|---|
| Loan amount | $492,880 |
| Principal and interest | $3,316 |
| Property taxes (1.62% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $257 |
| PMI | $0 |
| Total per month | $4,404 |
Change the numbers in the calculator
| Down payment | $21,564 |
|---|---|
| Loan amount | $604,941 |
| Principal and interest | $4,069 |
| Property taxes (1.62% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $257 |
| FHA mortgage insurance | $272 |
| Total per month | $5,430 |
Change the numbers in the calculator
Questions about home buying in Redding Center
What is the median home value in Redding Center?
About $616,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Redding Center?
Homeowners pay a median $10,001 a year, which is about 1.62% 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 Redding Center?
For the median home with 20% down at 7.11%, the payment is about $4,404 a month. Keeping that under 28% of gross income takes about $188,746 a year.
More about Redding Center
- Mortgage Refinance in Redding Center
- Debt Relief in Redding Center
- Home Equity Loans in Redding Center
- 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