The typical owner-occupied home in Wauregan is worth about $262,700, 28% below the Connecticut median of $366,900 and 21% below the national median of $332,700. Owners pay a median $3,649 a year in property taxes, about 1.39% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $79,545 a year, so the median home costs 3.3 times the median income (3.8 times for Connecticut). 61% of occupied homes here are lived in by their owners, and 90% of those owners still have a mortgage.
Wauregan at a glance
| Wauregan | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $262,700 | $366,900 | $332,700 |
| Median property tax paid per year | $3,649 | $6,643 | $3,119 |
| Property tax as a share of value | 1.39% | 1.81% | 0.94% |
| Median household income | $79,545 | $95,781 | $80,734 |
| Homes lived in by their owners | 61% | 66% | 65% |
| Owner homes with a mortgage | 90% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,608 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 24.3% | 21.8% | 21.0% |
| Median rent | $1,254 | $1,488 | $1,413 |
| Rent as a share of renters' income | 17.5% | 31.4% | 30.6% |
| Median year homes were built | 1964 | 1967 | 1980 |
| Vacant homes | 11.6% | 7.0% | 10.1% |
| Population | 1,049 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Wauregan
At this week's average 30-year rate of 7.11%, buying the median Wauregan home of $262,700 with 20% down costs about $1,828 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,265, 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 $78,322 for the 20%-down payment. That payment is 28% of the median Wauregan household income of $79,545; at that income and 20% down, the 28% guideline points to a home of about $267,000.
The median rent here is $1,254 a month, so owning the median home costs about $574 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $52,540 |
|---|---|
| Loan amount | $210,160 |
| Principal and interest | $1,414 |
| Property taxes (1.39% a year) | $304 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| PMI | $0 |
| Total per month | $1,828 |
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| Down payment | $9,194 |
|---|---|
| Loan amount | $257,942 |
| Principal and interest | $1,735 |
| Property taxes (1.39% a year) | $304 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| FHA mortgage insurance | $116 |
| Total per month | $2,265 |
Change the numbers in the calculator
Questions about home buying in Wauregan
What is the median home value in Wauregan?
About $262,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wauregan?
Homeowners pay a median $3,649 a year, which is about 1.39% 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 Wauregan?
For the median home with 20% down at 7.11%, the payment is about $1,828 a month. Keeping that under 28% of gross income takes about $78,322 a year.
More about Wauregan
- Mortgage Refinance in Wauregan
- Debt Relief in Wauregan
- Home Equity Loans in Wauregan
- 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