Home prices
The value of the median home in Niantic is $294,200. It is roughly $256,700 (46%) lower compared to other places in this area.It is approximately $76,700 (35%) higher in comparison to the United States as a whole, and in comparison to the city of Worcester it is about $67,100 (29%) higher.
Rents
In Niantic the median monthly rent is $1,218. In comparison to its nearby areas this is roughly $101 (7%) lower.In comparison to the rest of the nation it is about $156 (14%) higher, and compared to the city of Worcester is roughly $123 (11%) higher.
Nearby places
Waterford
Waterford is roughly 3 miles northeast of Niantic. The housing prices there are substantially less expensive. The median home in Waterford is valued at $197,600, which is $96,600 (48%) lower than Niantic. The rent there is similar. Waterford's median monthly rent is $1,187, which works out to $31 (2%) lower than Niantic.
New London
New London is roughly 4 miles east from Niantic. Its housing prices are a lot less expensive. New London's median home cost is $181,900, which is $112,300 (61%) lower than Niantic. Rents there are a little less expensive. New London's median rent is $987 per month, which is $231 (23%) lower than Niantic.
Groton
Groton is about 5 miles east of Niantic. Real estate prices there are substantially less expensive. Groton's median home cost is $221,800, which works out to $72,400 (32%) lower than Niantic. The rent there is a bit less expensive. Groton's median rent is $1,014 a month, which comes out to $204 (20%) lower than Niantic.
Poquonock Bridge
Poquonock Bridge is about 7 miles east of Niantic. Housing prices there are a lot less expensive. The median home in Poquonock Bridge costs $153,200, which comes out to $141,000 (92%) lower than Niantic. Rents there are a bit less expensive. Poquonock Bridge's median monthly rent is $1,158, which is $60 (5%) lower than Niantic.
Fenwick
Fenwick is about 8 miles southwest of Niantic. The real estate prices there are a lot more expensive. Fenwick's median home value is $2,000,001, which works out to $1,705,801 (85%) higher than Niantic. Rent there is a lot more expensive. Fenwick's median rent is $2,250 a month, which comes out to $1,032 (45%) higher than Niantic.
