The typical owner-occupied home in Winsted is worth about $218,900, 40% below the Connecticut median of $366,900 and 34% below the national median of $332,700. Owners pay a median $3,754 a year in property taxes, about 1.71% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $64,871 a year, so the median home costs 3.4 times the median income (3.8 times for Connecticut). 55% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Winsted at a glance
| Winsted | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $218,900 | $366,900 | $332,700 |
| Median property tax paid per year | $3,754 | $6,643 | $3,119 |
| Property tax as a share of value | 1.71% | 1.81% | 0.94% |
| Median household income | $64,871 | $95,781 | $80,734 |
| Homes lived in by their owners | 55% | 66% | 65% |
| Owner homes with a mortgage | 56% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,609 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 23.0% | 21.8% | 21.0% |
| Median rent | $1,183 | $1,488 | $1,413 |
| Rent as a share of renters' income | 27.0% | 31.4% | 30.6% |
| Median year homes were built | 1942 | 1967 | 1980 |
| Vacant homes | 5.8% | 7.0% | 10.1% |
| Population | 6,977 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Winsted
At this week's average 30-year rate of 7.11%, buying the median Winsted home of $218,900 with 20% down costs about $1,581 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,946, 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 $67,765 for the 20%-down payment. That payment is 29% of the median Winsted household income of $64,871; at that income and 20% down, the 28% guideline points to a home of about $210,000.
The median rent here is $1,183 a month, so owning the median home costs about $398 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,780 |
|---|---|
| Loan amount | $175,120 |
| Principal and interest | $1,178 |
| Property taxes (1.71% a year) | $312 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| PMI | $0 |
| Total per month | $1,581 |
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| Down payment | $7,662 |
|---|---|
| Loan amount | $214,935 |
| Principal and interest | $1,446 |
| Property taxes (1.71% a year) | $312 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| FHA mortgage insurance | $97 |
| Total per month | $1,946 |
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Questions about home buying in Winsted
What is the median home value in Winsted?
About $218,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Winsted?
Homeowners pay a median $3,754 a year, which is about 1.71% 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 Winsted?
For the median home with 20% down at 7.11%, the payment is about $1,581 a month. Keeping that under 28% of gross income takes about $67,765 a year.
More about Winsted
- Mortgage Refinance in Winsted
- Debt Relief in Winsted
- Home Equity Loans in Winsted
- 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