Market Overview
Home Prices in East Lyme, CT
The median home value in East Lyme, CT is $542,394 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 5.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in East Lyme are priced32% above average. East Lyme is part of the Norwich-New London, CT metro area.
Over the past five years, East Lyme home values have risen by approximately37.9%, reflecting strong long-term appreciation in this market.
Price History
East Lyme Home Price Trend
City Comparison
East Lyme vs. National Median
At $542,394, homes in East Lyme cost 32% above the national median of $410,000. Buyers in East Lyme should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in East Lyme?
20% Down Payment
$108,479
on $542,394
Monthly P&I
$2,829/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,593/mo
incl. taxes & insurance
Income Needed
$143,720
gross annual (30% rule)
10% Down Option
$54,239
+ PMI applies
Loan Amount (20% dn)
$433,915
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in East Lyme, CT?
The median home value in East Lyme is $542,394 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in East Lyme?
Over the past year, home values in East Lyme have increased by 5.9%. Over five years, prices have risen approximately 37.9%.
How much do I need to earn to buy a home in East Lyme?
To comfortably afford the median home price of $542,394 with a 20% down payment ($108,479) at today's rates (6.8%), you'd need a gross annual income of approximately $143,720. This assumes keeping total housing costs at or below 30% of gross income.
How does East Lyme compare to the national average home price?
The national median home value is approximately $410,000. At $542,394, homes in East Lyme are 32% above the national average.
What metro area is East Lyme part of?
East Lyme is part of the Norwich-New London, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.