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Niantic, Connecticut Mortgage and Housing Information

Population: 3,085
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Cost of Single-Family Houses

Median price asked
in year 2000
$275,000

Value of Houses and Condos

A comparison of the average prices of homes in Niantic, Connecticut and the U.S.
U.S.ConnecticutNiantic
Median home value
in year 2000
$111,800$160,600$147,500

Monthly Owner Costs

Median owner costs for owner-occupied houses and condos in year 2000
U.S.ConnecticutNiantic
With a mortgage$1,088$1,426$1,200
Without a mortgage$295$473$405

Ownership of Single-family Houses

Types of mortgages for owner-occupied Single-family Houses in Niantic (2000)
Mortgage TypeNumber of Single-family HousesPercent of total
Without a mortgage35641.4%
First Mortgage Only37543.7%
Second Mortgage and/or Home Equity Loan12814.9%
Total859100%

Tenancy in Niantic

How many people in Niantic live in their own home? How many rent their home? Data for houses and condos, from 2000.
Owner-occupied homes902
Renter-occupied homes502
Homes for sale17
Homes for rent56
Total1,756

Age of Niantic Residents

Median age for males and females (2000).
Males 41
Females 43

Income

Median earnings for the 12 months preceding 2000, residents over 16 years with earnings
U.S.ConnecticutNiantic
Median Earnings$23,755$30,409$31,910
Median Earnings, Males$29,458$37,584$41,811
Median Earnings, Females$18,957$24,046$23,911

Males earn $17,900 (74.9%) more than Females in Niantic.

Commuting in Niantic

Means of transportation to work, workers over 16 years old.
Means of TransportNumber of People
Car, solo1,451
Carpooled185
Public Transit7
Bicycle0
Walking31
Other Means0
Total, Commuted1,674
Worked from home41
Total1,715

Time Spent Commuting in Niantic

Time spent commuting in Niantic
Time spent in minutesNumber of People
Less than 596
5-9217
10-14184
15-19289
20-24394
25-29113
30-34141
35-3938
40-4436
45-5967
60-8952
Over 9047

Education

Level of higher education for people over 25 years in Niantic (2000).
LevelNumber of MalesPercent of MalesNumber of FemalesPercent of Females
Some College21520.0%25423.6%
Associate Degree585.4%12711.8%
Bachelor's Degree15614.5%28126.2%
Master's Degree13112.2%746.9%
Professional Degree161.5%373.4%
Doctorate Degree60.6%171.6%
Total (at least some college)58254.2%79060.4%
Total over 251,074100%1,307100%

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