Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bristol, Connecticut.
Median Home Price
$275K
Population
61K
Avg Monthly Rent
$1,350
Property Tax Rate
2.15% *
* Property tax shown is the Connecticut state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Bristol.
Bristol vs Connecticut Median
The median home price in Bristol is $275,000, which is 32% below the Connecticut state median of $405,000.
Mortgage Calculator — Bristol, CT
Pre-filled with Bristol median home price and Connecticut tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using Connecticut's 2.15% tax rate and $2,100/yr insurance.
5% Down
$2,471/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $493
Insurance: $175
PMI: $152
10% Down
$2,376/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $493
Insurance: $175
PMI: $144
20% Down (No PMI)
$2,058/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $493
Insurance: $175
Income needed (28% rule): $88K/year with 20% down, $102K/year with 10% down.
Rent vs Buy in Bristol
Rent
$1,350/mo
vs
Buy (10% down)
$2,376/mo
Price-to-rent ratio: 17.0 — A ratio between 15-20 means the rent vs buy decision in Bristol depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Bristol is $275,000, 32% below the Connecticut state median of $405,000. With a population of 60,833, Bristol is a smaller market where home prices tend to be more accessible than in many parts of Connecticut.
Property taxes in Connecticut average 2.15% annually. This higher-than-average tax rate means a $275,000 home in Bristol would carry roughly $493/month in property taxes alone — plan accordingly. Homeowners insurance in Connecticut runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Bristol is $1,350/month. The price-to-rent ratio in Bristol is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Bristol presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Bristol.