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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

Higganum, CT Housing Affordability Index

Higganum, Connecticut has an MBR Housing Affordability Index score of 122.4 (Highly Affordable) as of October 30, 2026, ranking 8th most affordable of 95 scored Connecticut cities, compared with 87.5 statewide and 97.4 nationally. On a median-priced $331,300 home with 20% down, the Connecticut average 30-year fixed rate of 7.25% means a monthly principal and interest payment of about $1,808, or 17% of the city’s $127,759 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Higganum 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.

Higganum MBR-HAI 122.4 Highly Affordable
Rank in Connecticut 8 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 $331,300 U.S. Census Bureau

Higganum is 34.9 points above the Connecticut score. Scores as of October 30, 2026. See the Connecticut index

View Higganum Mortgage Rates

What It Takes to Buy in Higganum

$1,808/mo
Principal & Interest
Median home, 20% down, 7.25%
$77,500
Income Needed
To keep the payment at 28% of income
$127,759
Median Household Income
Connecticut: $95,781
2.6x
Price-to-Income Ratio
Connecticut: 3.8x
$1,788/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$5,872/yr
Median Property Tax
1.77% of median value
17.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
26.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Higganum Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Higganum, Connecticut score: 122.4 (Highly Affordable), ranked 8 of 95 Connecticut cities. monitorbankrates.com/housing-affordability-index/connecticut/higganum”