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Niantic, CT Real Estate


According to census data in the year 2000 there were 1,744 housing units in Niantic. This represents a 3.2% growth from 1,690 in 1990.

Of those housing units, 1,744 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Niantic is about 65.8%. Niantic's vacancy rate, including seasonal lodging, is about 19.6%. Average household size is 2.26 people.

The majority of houses, apartments or condos in Niantic were built after 1947.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom11.70%
Two Bedrooms34.30%
Three Bedrooms37.80%
Four Bedrooms13%
Five Bedrooms or more3.30%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.42
Median year structure was built1948
Median Value of occupied units$148,200
Median Price asked for vacant units$275,000

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1941
Median Monthly Rent asked for vacant units$708

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.60%
Home Equity Loan6.30%
Simple Mortgage43.70%
Debt Free41.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19%