The typical owner-occupied home in Stafford Springs is worth about $230,300, 37% below the Connecticut median of $366,900 and 31% below the national median of $332,700. Owners pay a median $4,252 a year in property taxes, about 1.85% of their home's value, close to the Connecticut rate of 1.81%. The median household earns $59,028 a year, so the median home costs 3.9 times the median income (3.8 times for Connecticut). 63% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Stafford Springs at a glance
| Stafford Springs | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $230,300 | $366,900 | $332,700 |
| Median property tax paid per year | $4,252 | $6,643 | $3,119 |
| Property tax as a share of value | 1.85% | 1.81% | 0.94% |
| Median household income | $59,028 | $95,781 | $80,734 |
| Homes lived in by their owners | 63% | 66% | 65% |
| Owner homes with a mortgage | 58% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,744 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 24.9% | 21.8% | 21.0% |
| Median rent | $1,060 | $1,488 | $1,413 |
| Rent as a share of renters' income | 28.0% | 31.4% | 30.6% |
| Median year homes were built | 1958 | 1967 | 1980 |
| Vacant homes | 9.0% | 7.0% | 10.1% |
| Population | 4,649 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Stafford Springs
At this week's average 30-year rate of 7.11%, buying the median Stafford Springs home of $230,300 with 20% down costs about $1,690 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,074, 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 $72,445 for the 20%-down payment. That payment is 34% of the median Stafford Springs household income of $59,028; at that income and 20% down, the 28% guideline points to a home of about $188,000.
The median rent here is $1,060 a month, so owning the median home costs about $630 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,060 |
|---|---|
| Loan amount | $184,240 |
| Principal and interest | $1,239 |
| Property taxes (1.85% a year) | $355 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| PMI | $0 |
| Total per month | $1,690 |
Change the numbers in the calculator
| Down payment | $8,060 |
|---|---|
| Loan amount | $226,129 |
| Principal and interest | $1,521 |
| Property taxes (1.85% a year) | $355 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| FHA mortgage insurance | $102 |
| Total per month | $2,074 |
Change the numbers in the calculator
Questions about home buying in Stafford Springs
What is the median home value in Stafford Springs?
About $230,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stafford Springs?
Homeowners pay a median $4,252 a year, which is about 1.85% 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 Stafford Springs?
For the median home with 20% down at 7.11%, the payment is about $1,690 a month. Keeping that under 28% of gross income takes about $72,445 a year.
More about Stafford Springs
- Mortgage Refinance in Stafford Springs
- Debt Relief in Stafford Springs
- Home Equity Loans in Stafford Springs
- 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