What is the median home value in Gales Ferry, CT?

The median value of owner-occupied homes in Gales Ferry, CT is $335,100 (±$67,611), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Gales Ferry, the median home value went from $231,300 in 2015–2019 to $335,100 in 2020–2024 (+44.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median home value
$335,100 (±$67,611)
Owner-occupied homes
346 (±111)
Most common range
$300,000 to $499,999

Home values in Gales Ferry

Owner-occupied homes by value, 2020–2024
ValueGales FerrySoutheastern Connecticut Planning RegionConnecticutUnited States
Less than $50,0000.0% (±11.5 points)3.8%2.4%5.3%
$50,000 to $99,9990.0% (±11.5 points)2.0%1.5%6.1%
$100,000 to $149,9990.0% (±11.5 points)4.0%3.3%6.8%
$150,000 to $199,9990.0% (±11.5 points)8.1%6.9%9.0%
$200,000 to $299,99940.5% (±20.9 points)26.6%21.5%17.8%
$300,000 to $499,99941.3% (±21.2 points)38.7%36.8%26.9%
$500,000 to $999,99918.2% (±21.1 points)14.5%20.8%20.9%
$1,000,000 or more0.0% (±11.5 points)2.2%6.8%7.1%

The most common range is $300,000 to $499,999, 41.3% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Gales Ferry against Southeastern Connecticut Planning Region, its state and the nation

Estimate (90% margin of error)
Gales FerrySoutheastern Connecticut Planning RegionConnecticutUnited States
Median home value$335,100 (±$67,611)$323,400 (±$5,559)$366,900 (±$1,621)$332,700
Owner-occupied homes346 (±111)75,341 (±1,292)952,989 (±5,585)84,210,142

In Gales Ferry, the median home value is not measurably different from Southeastern Connecticut Planning Region ($323,400).

It is not measurably different from Connecticut ($366,900).

It is not measurably different from the national figure ($332,700).

In Southeastern Connecticut Planning Region, Gales Ferry ranks 6 of 15 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 76 of 131.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Gales Ferry have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$231,300 (±$23,238)$335,100 (±$67,611)+44.9%No measurable change after inflation
Median owner cost with a mortgage$2,045 (±$738)$2,621 (±$560)+28.2%No measurable change after inflation
Median real estate taxes$5,210 (±$932)$6,347 (±$844)+21.8%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Gales Ferry

Nearest places with a published estimate, compared with Gales Ferry
PlaceDistanceMedian home valueCompared with this place
Gales Ferry—$335,100 (±$67,611)—
Conning Towers-Nautilus Park2.5 mi$290,100 (±$35,969)Not measurably different
Oxoboxo River2.7 mi$246,200 (±$17,024)Lower
Montville4.7 mi$285,600 (±$13,238)Not measurably different
Long Hill (Southeastern Connecticut Planning Region)5.3 mi$175,600 (±$61,598)Lower
Waterford (community)5.7 mi$282,900 (±$34,209)Not measurably different
Old Mystic5.7 mi$342,500 (±$15,838)Not measurably different
Groton5.8 mi$340,100 (±$17,454)Not measurably different
Waterford5.8 mi$355,900 (±$13,589)Not measurably different

Nearby places with a measurably lower figure: Oxoboxo River, CT ($246,200), Long Hill (Southeastern Connecticut Planning Region), CT ($175,600).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Southeastern Connecticut Planning Region, place by place

RankPlaceMedian home value
1Mystic$538,800 (±$83,295)
2Noank$531,900 (±$159,429)
3Niantic$396,000 (±$38,075)
4Pawcatuck$360,600 (±$18,967)
5Old Mystic$342,500 (±$15,838)
6Gales Ferry$335,100 (±$67,611)
7Colchester (community)$294,600 (±$20,383)
8Conning Towers-Nautilus Park$290,100 (±$35,969)
9Waterford (community)$282,900 (±$34,209)
10Oxoboxo River$246,200 (±$17,024)
11Poquonock Bridge$220,300 (±$26,642)
12South Windham$214,100 (±$49,514)

Showing 12 of 15 places in Southeastern Connecticut Planning Region, ranked from highest to lowest.

Gales Ferry is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Ledyard, whose figures include it.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Gales Ferry

What is the average home value in Gales Ferry, CT?

The Census Bureau publishes the median: $335,100 (±$67,611) for owner-occupied homes in Gales Ferry (2020–2024 American Community Survey).

Have home values in Gales Ferry gone up?

In Gales Ferry, the median home value went from $231,300 in 2015–2019 to $335,100 in 2020–2024 (+44.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Gales Ferry sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Gales Ferry CDP, Connecticut (place:30190, in state:09).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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