This Fairfield County City Ranks High In CT For Most Affordable Homes

New statistics have revealed that a city in Fairfield County ranks among the highest in the state for having the most affordable homes.

This Fairfield County city is ranked for having the most affordable homes in the state
Photo Credit: *Google Maps*

Valerie Musson

02/01/2019 9:00 a.m.

The Census Bureau released the estimates, which were developed using data from the American Community Survey for cities in the state with a population of 60,000 or more.

The cities are ranked using the median multiple, the value that determines the number of years of work at the median salary required to pay off the median home price. Anything under 3 is considered to be affordable.

Norwalk underwent the largest median multiple percentage increase at 21.8 percent, and New Haven saw the largest decrease at -7.4 percent.

Bridgeport ranks third on the list, with a median multiple of 3.9.

To view the full list of rankings, click here.

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