Total monthly cost of ownership
Cost to Own a Home in New Preston, Connecticut
A $447,000 home here costs
$3,464per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,298. The real number is $1,166 higher every month — 51% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
New Preston against Northwest Hills Planning Region and Connecticut
| Measure | New Preston | Northwest Hills Planning Region |
|---|---|---|
| Median home value | $447,300 | $311,700 |
| Median property tax | $3,768 | $5,609 |
| Effective tax rate | 0.842% | 1.799% |
| Median gross rent | $531 | $1,169 |
| Population | 1,121 | 112,848 |
The weather behind that power bill
New Preston sits in Northwest Hills Planning Region, which averages a high of 78.4°F in its hottest month and a low of 14.1°F in its coldest, with 52.94" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 370 cooling and 7,311 heating degree days, which is what sets the $246 electricity line above.
See the full climate breakdown for Northwest Hills Planning Region — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Northwest Hills Planning Region
Full Northwest Hills Planning Region cost breakdown · Every county in Connecticut
Common questions
How much does it cost to own a home in New Preston?
A $447,000 home in New Preston, Connecticut costs approximately $3,464 per month with 20% down at 6.66%. That is $2,298 principal and interest, $314 property tax, $166 homeowners insurance, $314 utilities and $373 set aside for maintenance.
What is the property tax rate in New Preston?
New Preston has an effective property tax rate of 0.842%, based on a median home value of $447,300 and median real estate taxes of $3,768. That is lower than the Northwest Hills Planning Region average of 1.799%.
What is the average home price in New Preston?
The median owner-occupied home value in New Preston, Connecticut is $447,300, against $311,700 across Northwest Hills Planning Region.
Is it cheaper to rent or buy in New Preston?
Median gross rent in New Preston is $531 a month, against $3,464 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for New Preston — 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.