The typical owner-occupied home in Niantic is worth about $396,000, 8% above the Connecticut median of $366,900 and 19% above the national median of $332,700. Owners pay a median $6,311 a year in property taxes, about 1.59% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $81,250 a year, so the median home costs 4.9 times the median income (3.8 times for Connecticut). 72% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Niantic at a glance
| Niantic | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $396,000 | $366,900 | $332,700 |
| Median property tax paid per year | $6,311 | $6,643 | $3,119 |
| Property tax as a share of value | 1.59% | 1.81% | 0.94% |
| Median household income | $81,250 | $95,781 | $80,734 |
| Homes lived in by their owners | 72% | 66% | 65% |
| Owner homes with a mortgage | 50% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,110 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 21.8% | 21.0% |
| Median rent | $1,478 | $1,488 | $1,413 |
| Rent as a share of renters' income | 31.6% | 31.4% | 30.6% |
| Median year homes were built | 1953 | 1967 | 1980 |
| Vacant homes | 20.0% | 7.0% | 10.1% |
| Population | 3,123 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Niantic
At this week's average 30-year rate of 7.11%, buying the median Niantic home of $396,000 with 20% down costs about $2,821 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,481, 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 $120,893 for the 20%-down payment. That payment is 42% of the median Niantic household income of $81,250; at that income and 20% down, the 28% guideline points to a home of about $266,000.
The median rent here is $1,478 a month, so owning the median home costs about $1,343 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $79,200 |
|---|---|
| Loan amount | $316,800 |
| Principal and interest | $2,131 |
| Property taxes (1.59% a year) | $525 |
| Homeowners insurance (our estimate, 0.5% a year) | $165 |
| PMI | $0 |
| Total per month | $2,821 |
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| Down payment | $13,860 |
|---|---|
| Loan amount | $388,827 |
| Principal and interest | $2,616 |
| Property taxes (1.59% a year) | $525 |
| Homeowners insurance (our estimate, 0.5% a year) | $165 |
| FHA mortgage insurance | $175 |
| Total per month | $3,481 |
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Questions about home buying in Niantic
What is the median home value in Niantic?
About $396,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Niantic?
Homeowners pay a median $6,311 a year, which is about 1.59% 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 Niantic?
For the median home with 20% down at 7.11%, the payment is about $2,821 a month. Keeping that under 28% of gross income takes about $120,893 a year.
More about Niantic
- Mortgage Refinance in Niantic
- Debt Relief in Niantic
- Home Equity Loans in Niantic
- 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