Quick facts: Higganum, CT

Quick Facts

114.2
Cost of Living
above US average
1,693
Population
8.86
Crime Rate per 1000
below US average
$130,411
Median Income
above US average
$525,000
Median House Price
above US average
$3200.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $130,411.

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Income Needed to Buy

βœ— Stretch
$165k/year
Based on $525,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $165k vs median $130,411
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Income Needed to Rent

⚠ Stretch
$137k/year
Based on $3200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $137k vs median $130,411
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Higganum, CT

Higganum is a small, charming village located within the town of Haddam in Middlesex County, Connecticut. Nestled along the Connecticut River, Higganum offers a picturesque New England setting characterized by its historic charm and natural beauty. It is primarily residential, featuring a mix of classic colonial homes and modern constructions. The village provides a tight-knit community atmosphere, with local events and activities that bring residents together. Higganum Park serves as a recreational hub, offering playgrounds, sports fields, and walking trails, making it a popular spot for families and outdoor enthusiasts. Higganum's proximity to the Connecticut River allows for various water activities, including fishing and boating. The village is conveniently located near major highways, providing easy access to nearby cities like Middletown and Hartford. In terms of amenities, residents can enjoy several local shops, eateries, and services, while larger shopping and dining options are just a short drive away. The area's rich history and scenic landscapes make Higganum a lovely place for those seeking a quiet, community-oriented lifestyle in Connecticut.

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