Total monthly cost of ownership
Cost to Own a Home in Torrington, Connecticut
A $196,000 home here costs
$1,986per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,008. The real number is $979 higher every month — 97% 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.
Torrington against Northwest Hills Planning Region and Connecticut
| Measure | Torrington | Northwest Hills Planning Region |
|---|---|---|
| Median home value | $195,800 | $311,700 |
| Median property tax | $5,138 | $5,609 |
| Effective tax rate | 2.624% | 1.799% |
| Median gross rent | $1,101 | $1,169 |
| Population | 35,481 | 112,848 |
The weather behind that power bill
Torrington 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 Torrington?
A $196,000 home in Torrington, Connecticut costs approximately $1,986 per month with 20% down at 6.66%. That is $1,008 principal and interest, $429 property tax, $73 homeowners insurance, $314 utilities and $163 set aside for maintenance.
What is the property tax rate in Torrington?
Torrington has an effective property tax rate of 2.624%, based on a median home value of $195,800 and median real estate taxes of $5,138. That is higher than the Northwest Hills Planning Region average of 1.799%.
What is the average home price in Torrington?
The median owner-occupied home value in Torrington, Connecticut is $195,800, against $311,700 across Northwest Hills Planning Region.
Is it cheaper to rent or buy in Torrington?
Median gross rent in Torrington is $1,101 a month, against $1,986 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 Torrington — 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.