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Housing in Old Mystic

A typical Old Mystic home is worth roughly $442,000

Home prices around Old Mystic have risen about 71% over the past 5 years.

Typical home value
$442K
▲ 10.9% in a year · CT $465K
Estimate
Median sale price
$385K
May 2026 · Redfin
Homes sold
4
in May · 8 for sale
2-bedroom rent
$2,240
a month, utilities in · HUD
Median tax bill
$5,129
CT $6,643

Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.

What stands out

What stands out about housing in Old Mystic

Price trend

Home prices up 71% in 5 years

The federal house price index for the ZIP code around Old Mystic rose 71% over the past 5 years, faster than across Connecticut (62%). Last year prices rose 11%. Carrying the Census median home value forward with that index puts the typical Old Mystic home at roughly $442,000 today.

Old Mystic areaConnecticut
0%+50%+100%+150%+200%200020052010201520202025
+11%
past year
+71%
past 5 years
+95%
past 10 years
Estimated value

Carrying the Census median forward with the index puts a typical home at about $442K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Old Mystic, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 3.4 years of income

Less than across Connecticut (4.9 years). Try your own numbers below.

You could afford about
$471,000
Typical Old Mystic home $442K

That covers a typical Old Mystic home, with $29K to spare.

The typical home, each month
$2,870
Loan $2,190Tax $550Insurance $130

A two-bedroom rents for about $2,240 a month here, $630 less than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Old Mystic’s typical property tax (1.50% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $2,240

Renters already here pay a median of $1,602, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,540
1 bedroom$1,800
2 bedrooms$2,240
3 bedrooms$2,890
4 bedrooms$3,590
10%
of households rent · CT 34%
113
renter households
14%
of renters spend 30%+ of income on rent · CT 53%
21%
of the median income, for a two-bedroom
$1,602
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Norwich-New London-Willimantic, CT MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

90% of Old Mystic households own their home

Half of Old Mystic’s homes were built before 1977.

Owners and renters
Own 90%Rent 10%

Connecticut: 67% own.

1977
typical home built · CT 1967
$5,129
median property tax bill · CT $6,643
1.50%
of a home’s value, a year in tax · CT 1.81%
2%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Old Mystic vs. its neighbors

Old Mystic is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentNew homes 2025Median income
Old Mystic$442K*+10.9%†$2,240—$130,903
Groton$340K*+11.1%†$2,05020$88,284
Stonington$483K*+1.4%†$2,03039$114,797
Ledyard$419K+7.8%$2,15014$107,975

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Old Mystic buyers, sellers and renters are saying.

Town Square →
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Is Old Mystic still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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