The typical owner-occupied home in Willimantic is worth about $190,900, 48% below the Connecticut median of $366,900 and 43% below the national median of $332,700. Owners pay a median $4,678 a year in property taxes, about 2.45% of their home's value, higher than the Connecticut rate of 1.81%. The median household earns $45,962 a year, so the median home costs 4.2 times the median income (3.8 times for Connecticut). 35% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Willimantic at a glance
| Willimantic | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $190,900 | $366,900 | $332,700 |
| Median property tax paid per year | $4,678 | $6,643 | $3,119 |
| Property tax as a share of value | 2.45% | 1.81% | 0.94% |
| Median household income | $45,962 | $95,781 | $80,734 |
| Homes lived in by their owners | 35% | 66% | 65% |
| Owner homes with a mortgage | 67% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,753 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 23.3% | 21.8% | 21.0% |
| Median rent | $1,063 | $1,488 | $1,413 |
| Rent as a share of renters' income | 31.8% | 31.4% | 30.6% |
| Median year homes were built | 1953 | 1967 | 1980 |
| Vacant homes | 6.2% | 7.0% | 10.1% |
| Population | 18,096 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Willimantic
At this week's average 30-year rate of 7.11%, buying the median Willimantic home of $190,900 with 20% down costs about $1,497 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,815, 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 $64,143 for the 20%-down payment. That payment is 39% of the median Willimantic household income of $45,962; at that income and 20% down, the 28% guideline points to a home of about $137,000.
The median rent here is $1,063 a month, so owning the median home costs about $434 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,180 |
|---|---|
| Loan amount | $152,720 |
| Principal and interest | $1,027 |
| Property taxes (2.45% a year) | $390 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| PMI | $0 |
| Total per month | $1,497 |
Change the numbers in the calculator
| Down payment | $6,682 |
|---|---|
| Loan amount | $187,442 |
| Principal and interest | $1,261 |
| Property taxes (2.45% a year) | $390 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| FHA mortgage insurance | $84 |
| Total per month | $1,815 |
Change the numbers in the calculator
Questions about home buying in Willimantic
What is the median home value in Willimantic?
About $190,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Willimantic?
Homeowners pay a median $4,678 a year, which is about 2.45% 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 Willimantic?
For the median home with 20% down at 7.11%, the payment is about $1,497 a month. Keeping that under 28% of gross income takes about $64,143 a year.
More about Willimantic
- Mortgage Refinance in Willimantic
- Debt Relief in Willimantic
- Home Equity Loans in Willimantic
- 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