The typical owner-occupied home in Broad Brook is worth about $347,400, 5% below the Connecticut median of $366,900 and 4% above the national median of $332,700. Owners pay a median $5,728 a year in property taxes, about 1.65% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $97,625 a year, so the median home costs 3.6 times the median income (3.8 times for Connecticut). 69% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Broad Brook at a glance
| Broad Brook | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $347,400 | $366,900 | $332,700 |
| Median property tax paid per year | $5,728 | $6,643 | $3,119 |
| Property tax as a share of value | 1.65% | 1.81% | 0.94% |
| Median household income | $97,625 | $95,781 | $80,734 |
| Homes lived in by their owners | 69% | 66% | 65% |
| Owner homes with a mortgage | 78% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,342 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 21.8% | 21.0% |
| Median rent | $1,297 | $1,488 | $1,413 |
| Rent as a share of renters' income | 23.6% | 31.4% | 30.6% |
| Median year homes were built | 1981 | 1967 | 1980 |
| Vacant homes | 5.6% | 7.0% | 10.1% |
| Population | 3,609 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Broad Brook
At this week's average 30-year rate of 7.11%, buying the median Broad Brook home of $347,400 with 20% down costs about $2,492 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,071, 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 $106,801 for the 20%-down payment. That payment is 31% of the median Broad Brook household income of $97,625; at that income and 20% down, the 28% guideline points to a home of about $318,000.
The median rent here is $1,297 a month, so owning the median home costs about $1,195 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,480 |
|---|---|
| Loan amount | $277,920 |
| Principal and interest | $1,870 |
| Property taxes (1.65% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,492 |
Change the numbers in the calculator
| Down payment | $12,159 |
|---|---|
| Loan amount | $341,108 |
| Principal and interest | $2,295 |
| Property taxes (1.65% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $3,071 |
Change the numbers in the calculator
Questions about home buying in Broad Brook
What is the median home value in Broad Brook?
About $347,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Broad Brook?
Homeowners pay a median $5,728 a year, which is about 1.65% 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 Broad Brook?
For the median home with 20% down at 7.11%, the payment is about $2,492 a month. Keeping that under 28% of gross income takes about $106,801 a year.
More about Broad Brook
- Mortgage Refinance in Broad Brook
- Debt Relief in Broad Brook
- Home Equity Loans in Broad Brook
- 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