Market Overview
Home Prices in Sprague, CT
The median home value in Sprague, CT is $376,956 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.6% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sprague are priced8% below average. Sprague is part of the Norwich-New London, CT metro area.
Over the past five years, Sprague home values have risen by approximately48.1%, reflecting strong long-term appreciation in this market.
Price History
Sprague Home Price Trend
City Comparison
Sprague vs. National Median
At $376,956, homes in Sprague cost 8% below the national median of $410,000. This makes Sprague a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Sprague?
20% Down Payment
$75,391
on $376,956
Monthly P&I
$1,966/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,497/mo
incl. taxes & insurance
Income Needed
$99,880
gross annual (30% rule)
10% Down Option
$37,696
+ PMI applies
Loan Amount (20% dn)
$301,565
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 Sprague, CT?
The median home value in Sprague is $376,956 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.6% year-over-year.
How much have home prices changed in Sprague?
Over the past year, home values in Sprague have increased by 9.6%. Over five years, prices have risen approximately 48.1%.
How much do I need to earn to buy a home in Sprague?
To comfortably afford the median home price of $376,956 with a 20% down payment ($75,391) at today's rates (6.8%), you'd need a gross annual income of approximately $99,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Sprague compare to the national average home price?
The national median home value is approximately $410,000. At $376,956, homes in Sprague are 8% below the national average.
What metro area is Sprague part of?
Sprague is part of the Norwich-New London, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.