Total monthly cost of ownership
Cost to Own a Home in Saugatuck, Connecticut
A $1,409,000 home here costs
$10,452per 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 $448,000 a year.
A standard mortgage calculator would have told you $7,682. The real number is $2,770 higher every month, 36% more than the payment most buyers budget for.
Compare Western Connecticut Planning Region with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Saugatuck from a five-year rolling sample, and with about 3,091 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 Western 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.
Saugatuck against Western Connecticut Planning Region and Connecticut
| Measure | Saugatuck | Western Connecticut Planning Region |
|---|---|---|
| Median home value | $1,408,500 | $625,400 |
| Median property tax | $10,001 | $9,222 |
| Effective tax rate | 0.710% | 1.475% |
| Median gross rent | $2,245 | $2,060 |
| Population | 3,091 | 621,232 |
The weather behind that power bill
Saugatuck sits in Western Connecticut Planning Region, which averages a high of 82.4°F in its hottest month and a low of 18.1°F in its coldest, with 48.03" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 594 cooling and 6,158 heating degree days, which is what sets the $170 electricity line above.
See the full climate breakdown for Western Connecticut Planning Region , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Western Connecticut Planning Region
Full Western Connecticut Planning Region cost breakdown · Every county in Connecticut
Talk to someone who works this market
These are Saugatuck 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 Saugatuck every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Saugatuck I already own here and may sell
Common questions
How much does it cost to own a home in Saugatuck?
A $1,409,000 home in Saugatuck, Connecticut costs approximately $10,452 per month with 20% down at 7.24%. That is $7,682 principal and interest, $834 property tax, $524 homeowners insurance, $238 utilities and $1,174 set aside for maintenance.
What is the property tax rate in Saugatuck?
Saugatuck has an effective property tax rate of 0.710%, based on a median home value of $1,408,500 and median real estate taxes of $10,001. That is lower than the Western Connecticut Planning Region average of 1.475%.
What is the average home price in Saugatuck?
The median owner-occupied home value in Saugatuck, Connecticut is $1,408,500, against $625,400 across Western Connecticut Planning Region.
Is it cheaper to rent or buy in Saugatuck?
Median gross rent in Saugatuck is $2,245 a month, against $10,452 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 Saugatuck?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Saugatuck, Connecticut at today's rate takes a household income of roughly $448,000 a year. That covers the full $10,452 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Saugatuck, 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.