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What $500,000 will buy you in Southwestern Connecticut

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Want to live on the water for less than $500,000? Give Stratford a look. We found this two-bedroom, 2.5-bathroom condo with a deck and 1,478 square feet of living space on the market for $475,000. The Census reports the median value of an owner-occupied house in the town is $289,300.

Want to live on the water for less than $500,000? Give Stratford a look. We found this two-bedroom, 2.5-bathroom condo with a deck and 1,478 square feet of living space on the market for $475,000. The Census reports the median value of an owner-occupied house in the town is $289,300.

Last week, we looked at what the average New Englander’s home-buying budget of $260,000 would get for house hunters in our neck of the woods. The short answer: Not much. So we decided to raise the budget a little bit and shop around Southwestern Connecticut, armed wit a $500,000 budget.

Just like last week, we saw quite the variation from town to town, which makes sense. According to the Census, the median value of an owner-occupied unit in Naugatuck comes in at $221,400, so the budget stretched pretty far in that town. But in places like Greenwich and Westport, where the median value of homes is more than $1 million, it was slim pickings.

Maggie Gordon

One Response

  1. Al Bruhn says:

    I’ve always earned easy money on the real estate market over the past 40 years. Starting in Bethel April 1973 with a three bedroom ranch in cul-de-sac purchased @ $32,000 and after basement converted into another living room plus deck addition thanks to my grandfather Albert Kessler, I sold it for $60,000 in 1978, and bought Danbury raised ranch for $79,000 in southeastern part of city next to Redding and sold it for $125,000 (1985) and purchased current Cape Code home @ $227,000 and today w/all improvements valued @ $750,000 due to location etc. So, real estate’s been VERY GOOD TO ME!!!