Total monthly cost of ownership
Cost to Own a Home in Daniels Farm, Connecticut
A $595,000 home here costs
$5,033per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $215,500 a year.
A standard mortgage calculator would have told you $3,244. The real number is $1,789 higher every month, 55% more than the payment most buyers budget for.
Compare Greater Bridgeport Planning Region with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Daniels Farm against Greater Bridgeport Planning Region and Connecticut
| Measure | Daniels Farm | Greater Bridgeport Planning Region |
|---|---|---|
| Median home value | $594,800 | $397,000 |
| Median property tax | $10,001 | $8,550 |
| Effective tax rate | 1.681% | 2.154% |
| Median gross rent | $3,500+ | $1,482 |
| Population | 5,995 | 326,296 |
The weather behind that power bill
Daniels Farm sits in Greater Bridgeport Planning Region, which averages a high of 83.4°F in its hottest month and a low of 24.4°F in its coldest, with 44.09" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 955 cooling and 5,140 heating degree days, which is what sets the $170 electricity line above.
See the full climate breakdown for Greater Bridgeport Planning Region , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greater Bridgeport Planning Region
Full Greater Bridgeport Planning Region cost breakdown · Every county in Connecticut
Talk to someone who works this market
These are Daniels Farm averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Daniels Farm every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Daniels Farm I already own here and may sell
Common questions
How much does it cost to own a home in Daniels Farm?
A $595,000 home in Daniels Farm, Connecticut costs approximately $5,033 per month with 20% down at 7.24%. That is $3,244 principal and interest, $833 property tax, $221 homeowners insurance, $238 utilities and $496 set aside for maintenance.
What is the property tax rate in Daniels Farm?
Daniels Farm has an effective property tax rate of 1.681%, based on a median home value of $594,800 and median real estate taxes of $10,001. That is lower than the Greater Bridgeport Planning Region average of 2.154%.
What is the average home price in Daniels Farm?
The median owner-occupied home value in Daniels Farm, Connecticut is $594,800, against $397,000 across Greater Bridgeport Planning Region.
Is it cheaper to rent or buy in Daniels Farm?
Median gross rent in Daniels Farm is above $3,500 (the Census reporting cap) a month, against $5,033 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Daniels Farm?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Daniels Farm, Connecticut at today's rate takes a household income of roughly $215,500 a year. That covers the full $5,033 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Daniels Farm, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Connecticut.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.