Quick facts: Morris, CT

Quick Facts

114.2
Cost of Living
above US average
2,262
Population
4.42
Crime Rate per 1000
below US average
$80,000
Median Income
below US average
$599,999
Median House Price
above US average
$4212.5
Average Rent
above US average
5%
Poverty Rate
below US average
1.9%
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 $80,000.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $80,000
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Income Needed to Rent

⚠ Stretch
$181k/year
Based on $4212.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $181k vs median $80,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Morris, CT

Morris is a picturesque town located in Litchfield County, Connecticut. Known for its charming rural atmosphere, Morris spans a modest area of about 26 square miles and is characterized by its rolling hills, scenic lakes, and lush woodlands. The population is small, fostering a tight-knit community vibe, with around 2,000 residents who enjoy the quiet, country lifestyle. The town features several parks and recreational areas, including Lake Morris and the nearby Bantam River, offering residents and visitors opportunities for outdoor activities like fishing, hiking, and boating. Morris is also rich in history, with several historical sites and quaint architecture that reflect its heritage. For those seeking a blend of tranquility and access to urban amenities, Morris is conveniently located near larger towns like Bantam and Litchfield, providing dining, shopping, and cultural experiences. The scenic beauty and community spirit make Morris an ideal location for those looking to escape the hustle and bustle of city life.

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