Market Overview
Home Prices in Montville, CT
The median home value in Montville, CT is $368,296 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montville are priced10% below average. Montville is part of the Norwich-New London, CT metro area.
Over the past five years, Montville home values have risen by approximately38.6%, reflecting strong long-term appreciation in this market.
Price History
Montville Home Price Trend
City Comparison
Montville vs. National Median
At $368,296, homes in Montville cost 10% below the national median of $410,000. This makes Montville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montville?
20% Down Payment
$73,659
on $368,296
Monthly P&I
$1,921/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,440/mo
incl. taxes & insurance
Income Needed
$97,600
gross annual (30% rule)
10% Down Option
$36,830
+ PMI applies
Loan Amount (20% dn)
$294,637
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 Montville, CT?
The median home value in Montville is $368,296 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Montville?
Over the past year, home values in Montville have increased by 6.1%. Over five years, prices have risen approximately 38.6%.
How much do I need to earn to buy a home in Montville?
To comfortably afford the median home price of $368,296 with a 20% down payment ($73,659) at today's rates (6.8%), you'd need a gross annual income of approximately $97,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Montville compare to the national average home price?
The national median home value is approximately $410,000. At $368,296, homes in Montville are 10% below the national average.
What metro area is Montville part of?
Montville is part of the Norwich-New London, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.