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There are currently 5,158 real estate properties in Niantic, CT, with a median automated valuation model (AVM) price of $424,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Niantic, CT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Niantic, CT, is $498,018.00, with the most expensive house in Niantic, CT, topping out at $6,568,750.00 and the cheapest home in Niantic, CT, clocking in at $65,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Niantic, CT!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Niantic, CT, is on a rollercoaster ride. The average rent price in Niantic, CT, is $1,697.00. Indeed, when looking to rent in Niantic, CT, you can expect to pay as little as $910.00 or as much as $3,900.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Niantic, CT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Niantic is located in New London, Connecticut, with an estimated municipal population of 2,935 residents. All of the best foreclosed homes for sale in Niantic are located in the following zip code areas on Foreclosure.com: 06357. The estimated population per square kilometer (.62 miles) in Niantic is 764.
So, about how much do homes cost in Niantic? The most recent median value of resident-owned homes in Niantic is 300,375. An estimated 65.8 percent of households in Niantic own their homes, with an average family size of 2.51. The median household income in Niantic is 75,375, with36.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Niantic, the median commute time of resident workers (in minutes) is 25.4. And last, but certainly not least, are you looking for homes to rent in Niantic? If so, the average rent price paid by renters in Niantic is 1,218, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Niantic, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Niantic is 55.3, split between 46.3 percent male versus 53.7 female. The percentage of residents who report being married in Niantic is 51.1, with an average family size of 2.51.
The percentage of residents who report their race in Niantic is as follows:
| White | 93.4% |
| Black / African American | 0.1% |
| Asian | 0.3% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 6.1% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Niantic? Or maybe you are searching for 55+ active adult communities in and/or near Niantic?
The percentage of residents who report their age in Niantic is as follows:
| Under 10 | 5.3% |
| Aged 10-19 | 6.3% |
| 20s | 12.7% |
| 30s | 8.8% |
| 40s | 7.8% |
| 50s | 17.5% |
| 60s | 18.2% |
| 70s | 16.9% |
| 80+ | 6.4% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Niantic with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Niantic.
How do you know that living in -- or moving to -- Niantic is right where you need to be? Perhaps you grew up in Niantic or already live nearby; therefore, the decision to buy a home in Niantic is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Niantic for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Niantic:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Niantic.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Niantic can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Niantic, meanwhile, can field multiple offers from more qualified buyers.
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