Similar to nearby areas, it is substantially more expensive compared to the entire nation. Compared to the city of Boston however, it's a little less expensive.
Home prices
The cost of the median home in Mystic is $428,500. This is is very similar compared to other places in this area.In comparison to the rest of the country it is about $211,000 (97%) higher, and it is about $104,200 (19%) lower in comparison to the city of Boston.
Rents
The median monthly rent in Mystic is $1,341. Compared to its nearby areas this is roughly $127 (8%) lower.It is about $279 (26%) higher in comparison to the US as a whole, and compared to the city of Boston it is about $279 (17%) lower.
Nearby places
Old Mystic
Old Mystic is Mystic's neighbor to the northwest. The real estate prices there are a lot less expensive. Old Mystic's median home price is $238,400, which comes out to $190,100 (79%) lower than Mystic. Its rents are pretty similar. The median rent in Old Mystic is $1,408 a month, which is $67 (4%) higher than Mystic.
Noank
Noank is roughly 2 miles southwest of Mystic. The real estate prices there are similar. The value of the median home in Noank is $416,900, which comes out to $11,600 (2%) lower than Mystic. The rent there is a lot less expensive. Noank's median rent is $1,000 a month, which is $341 (34%) lower than Mystic.
Stonington
Stonington is roughly 2 miles southeast from Mystic. Real estate prices there are somewhat more expensive. The median home in Stonington is valued at $590,900, which is $162,400 (27%) higher than Mystic. Its rents are somewhat more expensive. In Stonington the median monthly rent is $1,418, which works out to $77 (5%) higher than Mystic.
Poquonock Bridge
Poquonock Bridge is roughly 3 miles southwest from Mystic. The housing prices there are substantially less expensive. Poquonock Bridge's median home value is $153,200, which is $275,300 (179%) lower than Mystic. Its rents are a bit less expensive. The median monthly rent in Poquonock Bridge is $1,158, which works out to $183 (15%) lower than Mystic.
Groton Long Point
Groton Long Point is roughly 3 miles southwest from Mystic. Its housing prices are substantially more expensive. The median home value in Groton Long Point is $730,800, which works out to $302,300 (41%) higher than Mystic. The rent there is a lot more expensive. In Groton Long Point the median monthly rent is $2,357, which works out to $1,016 (43%) higher than Mystic.
