Stamford, CT

When people think of Stamford, CT, they likely think of the affluent neighborhoods like Westhill and Woodridge. But Stamford is also home to some of the most affordable real estate in Connecticut. In fact, according to The Real Estate Board of New York City’s 2017 report on median sales prices for single-family homes in Connecticut, Stamford ranks as the fifth most affordable city in the state with a median sale price of $269,000.

One reason why Stamford is so affordable is that it has a low population density. According to The Real Estate Board of New York City’s 2017 report on population density by city, Stamford has only 2,868 residents per square mile which is significantly less than other cities in Connecticut such as Hartford (10,948 residents per square mile) and Bridgeport (5,711 residents per square mile). This low population density allows for more space between homes which results in lower prices.

Another reason why Stamford is so affordable is its lack of major commercial areas. Unlike other cities such as Hartford and Bridgeport which are dominated by commercial areas, Stamford has relatively few commercial areas which means that there are fewer businesses competing for buyers’ attention. This reduces the amount that buyers have to pay for properties and makes Stamford more affordable overall.

Overall, while there are some disadvantages to living in Stamford – namely its high cost of living – these disadvantages are outweighed by its affordability relative to other cities in Connecticut. If you're looking for a safe and comfortable place to call home without breaking the bank, then consider moving to Stamford!