The typical owner-occupied home in New Haven is worth about $387,000, 22% above the Vermont median of $316,600 and 16% above the national median of $332,700. Owners pay a median $5,179 a year in property taxes, about 1.34% of their home's value, lower than the Vermont rate of 1.59%. The median household earns $66,696 a year, so the median home costs 5.8 times the median income (3.9 times for Vermont). 82% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
New Haven at a glance
| New Haven | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $387,000 | $316,600 | $332,700 |
| Median property tax paid per year | $5,179 | $5,039 | $3,119 |
| Property tax as a share of value | 1.34% | 1.59% | 0.94% |
| Median household income | $66,696 | $81,203 | $80,734 |
| Homes lived in by their owners | 82% | 73% | 65% |
| Owner homes with a mortgage | 54% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,425 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 21.7% | 21.0% |
| Median rent | $1,054 | $1,234 | $1,413 |
| Rent as a share of renters' income | 28.5% | 29.4% | 30.6% |
| Median year homes were built | 1955 | 1976 | 1980 |
| Vacant homes | 0.0% | 19.4% | 10.1% |
| Population | 221 | 647,106 | 334,922,499 |
What a typical home costs per month in New Haven
At this week's average 30-year rate of 7.11%, buying the median New Haven home of $387,000 with 20% down costs about $2,676 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,321, 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 $114,690 for the 20%-down payment. That payment is 48% of the median New Haven household income of $66,696; at that income and 20% down, the 28% guideline points to a home of about $225,000.
The median rent here is $1,054 a month, so owning the median home costs about $1,622 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $77,400 |
|---|---|
| Loan amount | $309,600 |
| Principal and interest | $2,083 |
| Property taxes (1.34% a year) | $432 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| PMI | $0 |
| Total per month | $2,676 |
Change the numbers in the calculator
| Down payment | $13,545 |
|---|---|
| Loan amount | $379,990 |
| Principal and interest | $2,556 |
| Property taxes (1.34% a year) | $432 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| FHA mortgage insurance | $171 |
| Total per month | $3,321 |
Change the numbers in the calculator
Questions about home buying in New Haven
What is the median home value in New Haven?
About $387,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Haven?
Homeowners pay a median $5,179 a year, which is about 1.34% 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 New Haven?
For the median home with 20% down at 7.11%, the payment is about $2,676 a month. Keeping that under 28% of gross income takes about $114,690 a year.
More about New Haven
- Mortgage Refinance in New Haven
- Debt Relief in New Haven
- Home Equity Loans in New Haven
- 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