How much do homeowners pay a month in New Preston, CT?
Homeowners with a mortgage in New Preston, CT pay a median of $2,110 (±$583) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $841 (±$120).
53.2% of owned homes carry a mortgage.
In New Preston, the median monthly cost with a mortgage went from $2,565 in 2015–2019 to $2,110 in 2020–2024 (−17.7%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- With a mortgage
- $2,110 (±$583)
- Without a mortgage
- $841 (±$120)
- Owned with a mortgage
- 53.2%
Monthly owner costs in New Preston
| New Preston | Northwest Hills Planning Region | Connecticut | United States | |
|---|---|---|---|---|
| With a mortgage | $2,110 (±$583) | $2,155 (±$56) | $2,429 (±$11) | $1,963 |
| Without a mortgage | $841 (±$120) | $965 (±$31) | $1,071 (±$7) | $638 |
| Owned homes with a mortgage | 53.2% (±15.2 points) | 61.7% (±2.1 points) | 64.6% (±0.4 points) | 60.6% |
| Median real estate taxes (a year) | $3,528 (±$223) | $5,593 (±$131) | $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 Preston, the median cost with a mortgage is not measurably different from Northwest Hills Planning Region ($2,155).
It is not measurably different from Connecticut ($2,429).
It is not measurably different from the national figure ($1,963).
In Northwest Hills Planning Region, New Preston ranks 1 of 4 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 93 of 131.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in New Preston have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,565 (±$228) | $2,110 (±$583) | −17.7% | Down after inflation |
| Median real estate taxes | $4,009 (±$369) | $3,528 (±$223) | −12.0% | Down after inflation |
| Median home value | $377,700 (±$41,621) | $452,600 (±$43,297) | +19.8% | 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 monthly cost with a mortgage in places near New Preston
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| New Preston | — | $2,110 (±$583) | — |
| Warren | 3.1 mi | $2,482 (±$214) | Not measurably different |
| Morris | 6.4 mi | $2,324 (±$182) | Not measurably different |
| Kent | 6.7 mi | $2,595 (±$356) | Not measurably different |
| Bethlehem | 7.4 mi | $2,484 (±$509) | Not measurably different |
| Bethlehem Village | 7.5 mi | $2,518 (±$530) | Not measurably different |
| New Milford | 7.7 mi | $2,350 (±$94) | Not measurably different |
| Litchfield | 8.1 mi | $2,324 (±$109) | Not measurably different |
| New Milford (community) | 8.5 mi | $2,166 (±$92) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Northwest Hills Planning Region, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | New Preston | $2,110 (±$583) |
| 2 | Northwest Harwinton | $1,898 (±$189) |
| 3 | New Hartford Center | $1,693 (±$65) |
| 4 | Winsted | $1,609 (±$104) |
New Preston is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Washington, 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 New Preston
What is the average mortgage payment in New Preston?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in New Preston, CT is $2,110 (±$583) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in New Preston?
Owners without a mortgage in New Preston pay a median of $841 (±$120) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in New Preston gone up?
In New Preston, the median monthly cost with a mortgage went from $2,565 in 2015–2019 to $2,110 in 2020–2024 (−17.7%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Preston CDP, Connecticut
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — New Preston CDP, Connecticut
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — New Preston CDP, Connecticut
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — New Preston CDP, Connecticut
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Preston CDP, 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 Preston CDP, Connecticut (place:52770, in state:09).
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 Preston at a glance
- Income and affordability in New Preston
- Home values in New Preston
- Property taxes in New Preston
- Types of homes in New Preston
- Bedrooms in New Preston
- Age of homes in New Preston
- Heating fuel in New Preston
- Commute and cars in New Preston
- Population growth in New Preston
- Connecticut landlord and tenant rules
- Housing across Northwest Hills Planning Region
- Housing data for every place in Connecticut