Moving to Connecticut

May 18, 2009
Matt Isleib

 

In this day and age Americans crave info and we head to the internet to find it. For those that read this blog I hope it is informative for you. LoanClassroom is among many other things a place for people to go and find info on Connecticut, its real estate and mortgage news and its economy. If you are reading this and are moving to the state when you are done reading my article, contact me at Eversley Capital Mortgage LLC and I will be happy to help you with a mortgage for your home purchase.

 

Now on to the state, Connecticut is comprised up of eight counties. The median home price for the entire state is $236,559 dropping it in the top 10 in the U.S. and the annual family or household median income brings Connecticut in at # 2 in the country. The unemployment rate for the state is presently at 7.3% as of February 2009.

 

When looking at specific figures on homes in the state I want to point out several that I feel are of importance to know. Just over 70% of the homes in the state are owner occupied. So other than apartment buildings which would be more common in the urban areas of the state such as Waterbury, New Haven, Hartford, Stamford, Bridgeport or Danbury there is not a huge amount of rental opportunity in the suburban or rural areas of the state. A small percentage of homes built before 1939 are still standing, roughly 24%. The main heating source of the homes in Connecticut is oil heat, just over 50% and gas stands at 33% as a main heating source.

 

Education is important to anyone with children who are re-locating. Connecticut as a whole is the second best educated state in the U.S. it also ranks high with an elementary & secondary school pupil to teacher ratio for grades K-8 of 13.6 pupils for every teacher.  There are 105 private schools in the state grades K-8 and there are 46 colleges and universities.

 

Connecticut from a size comparison is a quaint and small state. There are only three other states that are smaller in the U.S. The biggest city from a population standpoint is the City of Bridgeport with a population of roughly 140,000. For being such a small state you will find it to be extremely diverse, and when I say that it is not a bad thing and it is hard to explain. For being such a small state it takes on so many different characteristics as you travel through it. From suburban to rural to urban and back to rural and then urban again, well you get my drift. You can dress to the nines and head out as if you were in Manhattan or throw on some boots and heard the cows at farm. I think that the state takes on so many different characters because it borders three very different states. Connecticut borders New York, Rhode Island and Massachusetts.

 

The close proximity of the three bordering states I feel adds to the characteristics and persona of the state. Living in Connecticut sort of puts you smack dab in the middle of everything. You can head into Manhattan for an evening on the town, you can take a couple hour drive up to Boston, and you can play on the beach along the shore on Connecticut’s large coastline or trek up to Vermont on a short 3-4 hour excursion and ski. As many sights and attractions that there are just over the border of the state there are as many in the state too.

 

The climate of the state is typical “New England”. A full four season climate with warm summers and cool winters along with breathtaking fall foliage add to the states seasons and characteristics. I have been a lifelong resident of the state and although I have traveled much of the United Sates and had the privilege to experience other states I still feel and enjoy the State of Connecticut as my home and if you are moving here I hope that you will too.