The typical owner-occupied home in Bantam is worth about $317,700, 13% below the Connecticut median of $366,900 and 5% below the national median of $332,700. Owners pay a median $3,984 a year in property taxes, about 1.25% of their home's value, lower than the Connecticut rate of 1.81%. 49% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Bantam at a glance
| Bantam | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $317,700 | $366,900 | $332,700 |
| Median property tax paid per year | $3,984 | $6,643 | $3,119 |
| Property tax as a share of value | 1.25% | 1.81% | 0.94% |
| Median household income | – | $95,781 | $80,734 |
| Homes lived in by their owners | 49% | 66% | 65% |
| Owner homes with a mortgage | 74% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,116 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 16.6% | 21.8% | 21.0% |
| Median rent | $688 | $1,488 | $1,413 |
| Rent as a share of renters' income | 32.4% | 31.4% | 30.6% |
| Median year homes were built | 1953 | 1967 | 1980 |
| Vacant homes | 8.0% | 7.0% | 10.1% |
| Population | 810 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Bantam
At this week's average 30-year rate of 7.11%, buying the median Bantam home of $317,700 with 20% down costs about $2,173 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,702, 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 $93,131 for the 20%-down payment.
The median rent here is $688 a month, so owning the median home costs about $1,485 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,540 |
|---|---|
| Loan amount | $254,160 |
| Principal and interest | $1,710 |
| Property taxes (1.25% a year) | $331 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| PMI | $0 |
| Total per month | $2,173 |
Change the numbers in the calculator
| Down payment | $11,120 |
|---|---|
| Loan amount | $311,946 |
| Principal and interest | $2,098 |
| Property taxes (1.25% a year) | $331 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| FHA mortgage insurance | $141 |
| Total per month | $2,702 |
Change the numbers in the calculator
Questions about home buying in Bantam
What is the median home value in Bantam?
About $317,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bantam?
Homeowners pay a median $3,984 a year, which is about 1.25% 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 Bantam?
For the median home with 20% down at 7.11%, the payment is about $2,173 a month. Keeping that under 28% of gross income takes about $93,131 a year.
More about Bantam
- Mortgage Refinance in Bantam
- Debt Relief in Bantam
- Home Equity Loans in Bantam
- 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