How much do homeowners pay a month in New Britain, CT?
Homeowners with a mortgage in New Britain, CT pay a median of $1,915 (±$96) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $893 (±$44).
62.4% of owned homes carry a mortgage.
In New Britain, the median monthly cost with a mortgage went from $1,682 in 2015–2019 to $1,915 in 2020–2024 (+13.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $1,915 (±$96)
- Without a mortgage
- $893 (±$44)
- Owned with a mortgage
- 62.4%
Monthly owner costs in New Britain
| New Britain | Capitol Planning Region | Connecticut | United States | |
|---|---|---|---|---|
| With a mortgage | $1,915 (±$96) | $2,284 (±$19) | $2,429 (±$11) | $1,963 |
| Without a mortgage | $893 (±$44) | $1,027 (±$11) | $1,071 (±$7) | $638 |
| Owned homes with a mortgage | 62.4% (±3.3 points) | 64.9% (±0.7 points) | 64.6% (±0.4 points) | 60.6% |
| Median real estate taxes (a year) | $5,846 (±$154) | $6,454 (±$41) | $6,643 (±$25) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In New Britain, the median cost with a mortgage is lower than in Capitol Planning Region ($2,284).
It is also lower than in Connecticut ($2,429).
It is not measurably different from the national figure ($1,963).
In Capitol Planning Region, New Britain ranks 36 of 38 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 153 of 169.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in New Britain have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,682 (±$38) | $1,915 (±$96) | +13.9% | Down after inflation |
| Median real estate taxes | $4,907 (±$100) | $5,846 (±$154) | +19.1% | No measurable change after inflation |
| Median home value | $160,800 (±$2,214) | $223,600 (±$6,133) | +39.1% | Up 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 monthly cost with a mortgage in places near New Britain
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| New Britain | — | $1,915 (±$96) | — |
| Newington | 2.9 mi | $2,259 (±$70) | Higher |
| Newington (community) | 2.9 mi | $2,259 (±$70) | Higher |
| Plainville | 3.5 mi | $2,096 (±$106) | Higher |
| Kensington | 3.6 mi | $2,224 (±$117) | Higher |
| Farmington | 4.7 mi | $2,707 (±$148) | Higher |
| Berlin | 4.9 mi | $2,412 (±$95) | Higher |
| Wethersfield | 6.3 mi | $2,429 (±$122) | Higher |
| Wethersfield (community) | 6.3 mi | $2,429 (±$122) | Higher |
Nearby places with a measurably higher figure: Newington, CT ($2,259), Newington (community), CT ($2,259), Plainville, CT ($2,096).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Capitol Planning Region, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 30 | Stafford | $2,067 (±$136) |
| 31 | Vernon | $2,065 (±$100) |
| 32 | East Hartford | $1,949 (±$55) |
| 33 | Manchester | $1,936 (±$38) |
| 34 | Hartford | $1,922 (±$72) |
| 35 | Enfield | $1,920 (±$45) |
| 36 | New Britain | $1,915 (±$96) |
| 37 | Willington | $1,872 (±$111) |
| 38 | Windsor Locks | $1,820 (±$76) |
Showing 9 of 38 places in Capitol Planning Region, ranked from highest to lowest.
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 New Britain
What is the average mortgage payment in New Britain?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in New Britain, CT is $1,915 (±$96) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in New Britain?
Owners without a mortgage in New Britain pay a median of $893 (±$44) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in New Britain gone up?
In New Britain, the median monthly cost with a mortgage went from $1,682 in 2015–2019 to $1,915 in 2020–2024 (+13.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Britain town, Capitol Planning Region, Connecticut
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — New Britain town, Capitol Planning Region, Connecticut
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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) and detailed tables (acs/acs5) for New Britain town, Capitol Planning Region, Connecticut (county subdivision:50440, in state:09 county:110).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
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 .
Related
- Housing in New Britain at a glance
- Median rent in New Britain
- Rent by bedrooms in New Britain
- Rent burden in New Britain
- Renters and owners in New Britain
- Income and affordability in New Britain
- Home values in New Britain
- Property taxes in New Britain
- Types of homes in New Britain
- Bedrooms in New Britain
- Age of homes in New Britain
- Vacancy rate in New Britain
- Heating fuel in New Britain
- Commute and cars in New Britain
- Crime reported to police in New Britain
- Population growth in New Britain
- How long people stay in New Britain
- Crowding and facilities in New Britain
- Fair Market Rent in New Britain
- Local landlord and tenant rules in New Britain
- Connecticut landlord and tenant rules
- Housing across Capitol Planning Region
- Housing data for every place in Connecticut