CALCMONEY // HOME AFFORDABILITY // CT // WESTPORT
How much house can you afford in Westport? Based on local median home prices, current CT mortgage rates, and Westport property tax data.
$1,900,000
$13,412/mo
$574,783/yr
$165,011
Monthly housing costs of $13,412 represent 87.0% of Westport's median gross monthly income ($15,417/mo). At 87.0%, median-income buyers in Westport are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,900,000 |
| Down Payment (20%) | $380,000 |
| Loan Amount | $1,520,000 |
| Monthly PI Payment | $9,960 |
| Monthly Property Tax | $2,660 |
| Monthly Insurance Est. | $792 |
| Total Monthly PITI | $13,412 |
| Housing Cost % of Income | 87.0% |
| Required Income (28% rule) | $574,783/yr |
| Max Affordable Home | $165,011 |
$66,500
$16,765/mo
Westport Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,900,000 | Westport city median |
| Down Payment (20%) | $380,000 | Conventional loan |
| Monthly PITI | $13,412 | 6.85% rate, 30yr fixed |
| Required Income (28% rule) | $574,783 | Annual gross |
| Max Affordable Home | $165,011 | Based on median income |
| FHA Down (3.5%) | $66,500 | Minimum FHA |
| Housing Cost % of Income | 87.0% | Median income: $185,000/yr |
| Property Tax Rate | 1.68% | $31,920/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Westport is $1,900,000, with a local 30-year mortgage rate of 6.85%. A buyer putting 20% down carries a loan of $1,520,000, generating a monthly P&I payment of $9,960. Adding property taxes ($2,660/mo) and homeowners insurance ($792/mo) brings total monthly PITI to $13,412.
Westport's property tax rate of 1.68% is near the national average, adding a standard increment to monthly housing costs. On the Westport median home, that is $2,660/month, or $31,920 per year.
Connecticut levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Westport should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Westport's median income of $185,000/year can afford up to $4,317/month in total housing costs. Based on Westport's mortgage rate of 6.85% and property tax rate of 1.68%, that translates to a maximum affordable home price of approximately $165,011 with 20% down on a 30-year loan.
To afford the median Westport home priced at $1,900,000, you need an annual gross income of approximately $574,783. Total monthly housing costs (principal and interest of $9,960, property taxes of $2,660, and insurance of $792) come to $13,412/month, which equals 28% of the required income.
At the median home price of $1,900,000 and median household income of $185,000, the total monthly housing cost of $13,412 represents 87.0% of gross monthly income. This is well above the standard 28% threshold, making Westport a challenging market for buyers at median income.
A conventional 20% down payment on the median Westport home of $1,900,000 is $380,000. An FHA loan requires just 3.5% down — $66,500 — but adds mortgage insurance of roughly $1,299/month, bringing total FHA payments to $16,765/month.
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