Mortgage payment estimates, closing cost breakdowns, and homebuying data for Torrington, Connecticut.
Pre-filled with Torrington median home price and Connecticut tax/insurance rates. Adjust for your property.
Estimated closing costs based on Connecticut rates and fees applied to Torrington prices.
The median home price in Torrington is $235,000, 42% below the Connecticut state median of $405,000. With a population of 35,515, Torrington is a smaller market where home prices tend to be more accessible than in many parts of Connecticut.
Property taxes in Connecticut average 2.15% annually. This higher-than-average tax rate means a $235,000 home in Torrington would carry roughly $421/month in property taxes alone — plan accordingly. Homeowners insurance in Connecticut runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Torrington is $1,180/month. The price-to-rent ratio in Torrington is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Torrington offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Connecticut's CHFA Homebuyer Mortgage program.