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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Falls Village, CT Housing Affordability Index

Falls Village, Connecticut has an MBR Housing Affordability Index score of 53.8 (Significantly Less Affordable) as of October 30, 2026, ranking 94th most affordable of 95 scored Connecticut cities, compared with 87.5 statewide and 97.4 nationally. On a median-priced $445,700 home with 20% down, the Connecticut average 30-year fixed rate of 7.25% means a monthly principal and interest payment of about $2,432, or 54% of the city’s $53,750 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Falls Village is updated every night from live Connecticut mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Falls Village MBR-HAI 53.8 Significantly Less Affordable
Rank in Connecticut 94 of 95 1 = most affordable
Connecticut 87.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.25% Connecticut lenders
Median home value $445,700 U.S. Census Bureau

Falls Village is 33.7 points below the Connecticut score. Scores as of October 30, 2026. See the Connecticut index

View Falls Village Mortgage Rates

What It Takes to Buy in Falls Village

$2,432/mo
Principal & Interest
Median home, 20% down, 7.25%
$104,200
Income Needed
To keep the payment at 28% of income
$53,750
Median Household Income
Connecticut: $95,781
8.3x
Price-to-Income Ratio
Connecticut: 3.8x
$2,453/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$5,815/yr
Median Property Tax
1.30% of median value
62.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
65.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Falls Village, Connecticut. The rate is the Connecticut average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Falls Village Ranks in Connecticut

Cities with similar scores
#91Southport65.9 #92New Canaan63.1 #93Stonington62.0
#94Falls Village53.8
#95Greenwich52.4
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Cite the Falls Village Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Falls Village, Connecticut score: 53.8 (Significantly Less Affordable), ranked 94 of 95 Connecticut cities. monitorbankrates.com/housing-affordability-index/connecticut/falls-village”