Real Estate in Higganum, CT
Updated 2026 • Housing market data from 1 zip code • Redfin data through January 2026
📊 Higganum, CT Market Activity
The Higganum housing market shows a median sale price of $545,500, 31.0% higher than last year. The price per square foot is $240, 240% above the national median of ~$215/sqft. Homes in Higganum spend a median of 36 days on market, faster than the national median of 42 days — indicating strong buyer demand.
🏘️ Higganum Rental Market
The average rent in Higganum, CT is $3,200 per month. A 2-bedroom apartment rents for approximately $3,200/month.
📦 Higganum Housing Supply & Demand
There are 8 new listings and 9 active properties on the market.
🏆 Higganum Market Competitiveness
Homes in Higganum sell for an average of 103.0% of their asking price. About 62% of properties sell above list price, indicating strong competition among buyers.
On average, homes sell at or above asking price
62% of sales closed above asking, % at or below
📋 Housing Overview
Higganum, CT Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 525000, the balance between renting (12%) and owning (88%), and a population of 1693 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $525,000 and average rents of $3,200/month, the median household income of $130,411 provides context for affordability in Higganum. Whether you're looking to buy property in Higganum or invest in Higganum real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation.
Economy & What Drives Higganum Real Estate
Real estate values in Higganum, CT are driven by local employment, school quality, and quality of life. The cost of living index of 161.5 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $130,411, residents have above-average purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Higganum neighborhoods.
Pros & Cons
Pros
- •Good schools nearby
- •Low crime rates
- •Short drive to Hartford
- •Community-oriented residents
- •Quiet suburban lifestyle
- •Friendly atmosphere
- •Low cost of living
- •Diverse local events
- •Family-friendly activities
- •Access to nature trails
Cons
- •Occasional racism issues
- •Schools lack advanced programs
- •Limited dining choices
- •Fewer cultural activities
- •Limited nightlife options
- •Diversity is somewhat low
- •Distance from major cities
- •Job market is competitive
- •Local economy struggles sometimes
- •Public transport is limited
Frequently Asked Questions
What is the cost of living in Higganum, CT? ▼
The cost of living in Higganum, CT is 62% higher than the national average, with a cost of living index of 162 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Higganum, CT? ▼
In Higganum, CT, The median home price is $525,000. requiring approximately $155,357 annual income to afford. Average rent is $3,200/month (requiring ~$128,000/year income). The local median household income is $130,411, making homeownership attainable for typical residents. Explore Higganum real estate data →
Is Higganum, CT a safe place to live? ▼
Higganum, CT is relatively safe, with crime rates below the national average. The crime rate is 8.9 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Higganum crime statistics →
What salary do you need to live comfortably in Higganum, CT? ▼
To live comfortably in Higganum, CT and afford a median-priced home of $525,000, you would typically need a household income of $131,250 to $164,062 per year. The local median household income is $130,411. Renting requires approximately $128,000/year (at $3,200/month). See full affordability analysis →
Is Higganum, CT growing? ▼
Higganum, CT has a population of 1,693. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The higher cost housing market and strong job market shape migration patterns. See Higganum population demographics →
What are the best neighborhoods in Higganum, CT? ▼
The best neighborhoods in Higganum, CT depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options. Explore Higganum on our interactive map →
What is the commute like in Higganum, CT? ▼
Commute times in Higganum, CT vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The moderate cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Higganum, CT? ▼
Tax rates in Higganum, CT include state and local components. The cost of living index of 162 indicates a higher cost environment compared to the national average. View detailed Higganum tax information →
How does Higganum, CT compare to nearby cities? ▼
Higganum, CT offers comparable costs to nearby communities. With a cost of living index of 162, median home prices of $525,000, and a crime rate of 8.86 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Higganum, CT? ▼
Weather in Higganum, CT varies by season. Climate data varies by season. View detailed Higganum climate & environment data →
Is it better to rent or buy in Higganum, CT? ▼
With a median home price of $525,000 and average rents of $3,200/month, the price-to-rent ratio in Higganum is 13.7x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in Higganum, CT? ▼
The median price per square foot in Higganum is $240, which is 11% above the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Higganum, CT? ▼
Homes in Higganum spend a median of 36 days on market before going under contract. This indicates homes sell faster than the national median of 42 days, indicating healthy demand. View full market data →
Explore More About Higganum, CT
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin