FAIRFIELD COUNTY HOUSING COSTS

Fairfield County’s housing costs have been described as “Out of Reach” for families of average means in the region.  Below is a recent summary of housing costs – sale and rental – in the region. 

Single-Family Housing Prices – January 2005

                                         Lowest Price               Median Price

Bridgeport                        $109,900                     $214,000

Norwalk                           $275,000                     $618,000

Stamford                          $325,000                     $949,900

Source: Multiple Listing Service

Fair Market Rents – January 2005

                                          1 Bedroom          2 Bedroom             3 Bedroom

Bridgeport                          $790                    $925                     $1,105

Stamford/Norwalk            $1,149                $1,437                     $1,873

Source: U.S. Department of Housing and Urban Development

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Doing the Impossible Every Day

Making Fairfield County Affordable Again

MHA’s mission is affordable housing   At West Side Commons, MHA’s newest condominium community in Stamford, home prices ranged from $125,000 to $185,000 for 1-3 bedroom units.  Families with incomes as little as $25,000 were able to achieve the American Dream of Homeownership in Stamford – one of the most expensive housing markets in the country.  At MHA’s rental communities, the impact is even more dramatic with an average 3-bedroom apartment renting in Stamford for $727 compared to a market rent of $1,873 – representing an annual savings of $13,750 to the average Mutual Housing family!