Total monthly cost of ownership
Cost to Own a Home in Heritage Village, Connecticut
A $222,000 home here costs
$1,967per 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 $84,500 a year.
A standard mortgage calculator would have told you $1,210. The real number is $756 higher every month, 62% more than the payment most buyers budget for.
Compare Naugatuck Valley Planning Region with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Heritage Village from a five-year rolling sample, and with about 4,517 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 Naugatuck Valley 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.
Heritage Village against Naugatuck Valley Planning Region and Connecticut
| Measure | Heritage Village | Naugatuck Valley Planning Region |
|---|---|---|
| Median home value | $221,600 | $290,800 |
| Median property tax | $2,999 | $5,926 |
| Effective tax rate | 1.353% | 2.038% |
| Median gross rent | $2,014 | $1,288 |
| Population | 4,517 | 452,303 |
The weather behind that power bill
Heritage Village sits in Naugatuck Valley Planning Region, which averages a high of 84.0°F in its hottest month and a low of 18.7°F in its coldest, with 44.86" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 718 cooling and 5,892 heating degree days, which is what sets the $170 electricity line above.
See the full climate breakdown for Naugatuck Valley Planning Region , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Naugatuck Valley Planning Region
Full Naugatuck Valley Planning Region cost breakdown · Every county in Connecticut
Talk to someone who works this market
These are Heritage Village 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 Heritage Village every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Heritage Village I already own here and may sell
Common questions
How much does it cost to own a home in Heritage Village?
A $222,000 home in Heritage Village, Connecticut costs approximately $1,967 per month with 20% down at 7.24%. That is $1,210 principal and interest, $250 property tax, $83 homeowners insurance, $238 utilities and $185 set aside for maintenance.
What is the property tax rate in Heritage Village?
Heritage Village has an effective property tax rate of 1.353%, based on a median home value of $221,600 and median real estate taxes of $2,999. That is lower than the Naugatuck Valley Planning Region average of 2.038%.
What is the average home price in Heritage Village?
The median owner-occupied home value in Heritage Village, Connecticut is $221,600, against $290,800 across Naugatuck Valley Planning Region.
Is it cheaper to rent or buy in Heritage Village?
Median gross rent in Heritage Village is $2,014 a month, against $1,967 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Heritage Village?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Heritage Village, Connecticut at today's rate takes a household income of roughly $84,500 a year. That covers the full $1,967 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Heritage Village, 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.