Total monthly cost of ownership
Cost to Own a Home in Guilford Center, Connecticut
A $587,000 home here costs
$4,921per 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 $211,000 a year.
A standard mortgage calculator would have told you $3,200. The real number is $1,721 higher every month, 54% more than the payment most buyers budget for.
Compare South Central Connecticut Planning Region with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Guilford Center from a five-year rolling sample, and with about 2,272 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The South Central Connecticut Planning Region figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Guilford Center against South Central Connecticut Planning Region and Connecticut
| Measure | Guilford Center | South Central Connecticut Planning Region |
|---|---|---|
| Median home value | $586,500 | $328,300 |
| Median property tax | $9,297 | $6,676 |
| Effective tax rate | 1.585% | 2.034% |
| Median gross rent | $1,678 | $1,463 |
| Population | 2,272 | 566,803 |
The weather behind that power bill
Guilford Center sits in South Central Connecticut Planning Region, which averages a high of 82.1°F in its hottest month and a low of 23.0°F in its coldest, with 41.79" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 765 cooling and 5,455 heating degree days, which is what sets the $170 electricity line above.
See the full climate breakdown for South Central Connecticut Planning Region , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in South Central Connecticut Planning Region
Full South Central Connecticut Planning Region cost breakdown · Every county in Connecticut
Talk to someone who works this market
These are Guilford Center 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 Guilford Center every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Guilford Center I already own here and may sell
Common questions
How much does it cost to own a home in Guilford Center?
A $587,000 home in Guilford Center, Connecticut costs approximately $4,921 per month with 20% down at 7.24%. That is $3,200 principal and interest, $775 property tax, $218 homeowners insurance, $238 utilities and $489 set aside for maintenance.
What is the property tax rate in Guilford Center?
Guilford Center has an effective property tax rate of 1.585%, based on a median home value of $586,500 and median real estate taxes of $9,297. That is lower than the South Central Connecticut Planning Region average of 2.034%.
What is the average home price in Guilford Center?
The median owner-occupied home value in Guilford Center, Connecticut is $586,500, against $328,300 across South Central Connecticut Planning Region.
Is it cheaper to rent or buy in Guilford Center?
Median gross rent in Guilford Center is $1,678 a month, against $4,921 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 Guilford Center?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Guilford Center, Connecticut at today's rate takes a household income of roughly $211,000 a year. That covers the full $4,921 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Guilford Center, 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.