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City · 8,115 residents · Capitol Planning Region, Connecticut

Southwood Acres , Connecticut

In Southwood Acres, a typical home is worth $267,900 and typical rent is $1,728 a month. Compared with all of Capitol Planning Region, typical rent is 22% higher, typical household income is 18% higher, and the share of households that own their home is 22 points higher.

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  • Typical home value

    $267,900

    17% below the planning region

    27% below Connecticut

    • Southwood Acres
    • Capitol
    • Connecticut

  • Typical rent

    $1,728a month

    22% above the planning region

    16% above Connecticut

    • Southwood Acres
    • Capitol
    • Connecticut

  • Typical household income

    $110,286a year

    18% above the planning region

    15% above Connecticut

    • Southwood Acres
    • Capitol
    • Connecticut

  • Households that own their home

    88%

    22 points above the planning region

    21 points above Connecticut

    • Southwood Acres
    • Capitol
    • Connecticut

Source: U.S. Census Bureau, Average 2020–2024

Southwood Acres is in Capitol Planning Region. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Capitol Planning Region. See the county

Data updated: October 1, 2026 9 official sources

Only here

What sets Southwood Acres apart

What this place has that others do not, from public data, most unusual first.

  1. 88% of households in Southwood Acres own their home, against 66% in Capitol Planning Region.

  2. Nearby, in Rockville, the typical rent is $1,136: 34% less than in Southwood Acres ($1,728).

  3. Nearby, in Rockville, the typical home value is $218,700: 18% less than in Southwood Acres ($267,900).

  4. The typical rent in Southwood Acres is $1,728 a month, 22% more than in Capitol Planning Region as a whole ($1,411).

  5. The typical household income in Southwood Acres is $110,286, 18% more than in Capitol Planning Region as a whole ($93,394).

  6. The typical home in Southwood Acres is worth $267,900, 17% less than in Capitol Planning Region as a whole ($323,700).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Southwood Acres

What homes there are in Southwood Acres, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Southwood Acres: 90% of homes, more than in Capitol Planning Region (57%).

Year built

The typical year built in Southwood Acres is 1965, about the same as in Capitol Planning Region (1966).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,984 a month

Capitol Planning Region: $2,284 a month

Without a mortgage

$894 a month

Capitol Planning Region: $1,027 a month

Owners with a mortgage

72%

Capitol Planning Region: 65%

The typical cost for an owner with a mortgage in Southwood Acres is $1,984 a month, less than in Capitol Planning Region ($2,284); without one, $894.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Southwood Acres with 2015–2019 because its boundaries changed.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSouthwood AcresCapitol Planning RegionConnecticutUnited States
Rental vacancy Unreliable estimate4.8%4.3%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room Unreliable estimate1.9%2.1%3.4%
People per household 2.412.412.462.53
Drive alone 73%70%69%69%
Carpool 8%8%8%9%
Public transit Unreliable estimate3%3%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 18%17%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Capitol Planning Region, a household in Southwood Acres has 2.41 people on average.

In Southwood Acres, 73% of workers drive alone to work; in Capitol Planning Region, 70%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Southwood Acres?

A typical home is within reach of the typical income

We start with a typical home in Southwood Acres, worth $267,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Southwood Acres, which is $110,286 a year.

The calculator's FHA and conventional loan limits are those of all of Capitol Planning Region.

Your numbers

Local data
$

Starts at the typical home value in Southwood Acres. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,377 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,490

at 7.18% · 30 years

Loan amount
$263,047
Total interest
$378,463
Paid off in
November 2056

Includes $4,524 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,573 a month

    Your payment · 27%

  • Tight

    $2,573 to $3,309 a month

  • Hard

    more than $3,309 a month

Compared with the typical household income in Southwood Acres ($110,286 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,490
Principal & interest$1,782
Property tax$478
Home insurance$112
FHA mortgage insurance (MIP)$118

You need at least $9,377 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Southwood Acres and Capitol Planning Region

Southwood Acres is in Capitol Planning Region, Connecticut. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Southwood Acres's own numbers

Typical home value
$267,900
Typical monthly rent
$1,728
Typical yearly household income
$110,286
Households that own their home
88%
Effective property tax rate
2.14%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Capitol Planning Region

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,933
Price change over 5 years (FHFA)
+62%
Homes in a high flood-risk zone
0.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Capitol Planning Region.

Everything about Capitol Planning Region

Buying

Buying a home in Southwood Acres

A typical home in Southwood Acres is worth $267,900: 17% below the planning region and 27% below Connecticut. With the typical household income in Southwood Acres ($110,286 a year), a typical home costs 2.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Southwood Acres 2.4 years
  • Capitol 3.5 years
  • Connecticut 3.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Capitol Planning Region

According to FHFA’s house price index, home prices in Capitol Planning Region rose 73% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Capitol Planning Region.

Period Region Connecticut U.S.
Last year (2025) +5.7% +6.1% +2.9%
5 years (2020–2025) +62% +62% +47%
10 years (2015–2025) +73% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Southwood Acres next to Capitol Planning Region, Connecticut and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Southwood Acres $267,900
  • Capitol $323,700
  • Connecticut $366,900
  • United States $332,700
Typical monthly rent
  • Southwood Acres $1,728
  • Capitol $1,411
  • Connecticut $1,488
  • United States $1,413
Typical yearly household income
  • Southwood Acres $110,286
  • Capitol $93,394
  • Connecticut $95,781
  • United States $80,734
See the full table
Southwood Acres next to Capitol Planning Region and Connecticut
Measure Southwood Acres Capitol Planning Region Connecticut U.S.
Typical home value $267,900 $323,700 $366,900 $332,700
Typical monthly rent $1,728 $1,411 $1,488 $1,413
Typical yearly household income $110,286 $93,394 $95,781 $80,734
Households that own their home 88% 66% 66% 65%
Typical yearly property tax $5,725 $6,454 $6,643 $3,119
Effective property tax rate 2.14% 1.99% 1.81% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Capitol Planning Region. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Southwood Acres

For a typical $267,900 home in Southwood Acres, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Southwood Acres's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,490a month

    Least cash to close
    Down payment
    $9,377
    Cash to close
    $17,414
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $118

  • Conventional, 5% down $2,441a month

    Down payment
    $13,395
    Cash to close
    $21,432
    Rate
    7.18%
    Mortgage insurance
    PMI · $127

  • Conventional, 20% down, no PMI $2,041a month

    Down payment
    $53,580
    Cash to close
    $61,617
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,289a month

    Down payment
    $40,185
    Cash to close
    $48,222
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Southwood Acres and for Capitol Planning Region.

Property tax

Effective rate in Southwood Acres

2.14%of the home’s value each year

$5,725 a year for the typical owner in Southwood Acres.

  • Southwood Acres 2.14%
  • Capitol 1.99%
  • Connecticut 1.81%

What Connecticut publishes Deadline to appeal the assessment: February 20 (Connecticut General Assembly (General Statutes of Connecticut, Chapter 203))

Exemptions and deadlines in Connecticut

Flood risk in Capitol Planning Region

FEMA does not publish these numbers by city: they are for all of Capitol Planning Region.

Homes in the high-risk zone
0.8%
2,055
Of those, with NFIP insurance
32%
Region Connecticut U.S.
Homes in the high-risk zone 0.8% 3.1% 3.5%
Of those, with NFIP insurance 32% 51% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Southwood Acres

Typical rent in Southwood Acres is $1,728 a month: 22% above the planning region.

HUD publishes a fair market rent for all of Capitol Planning Region, by unit size. To pay the 2-bedroom one ($1,933 a month) without spending more than 30% of your income, you would need to earn $37.17 an hour working full time.

HUD fair market rent for all of Capitol Planning Region

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,346 $25.88 $53,840
1 bedroom $1,543 $29.67 $61,720
2 bedrooms $1,933 $37.17 $77,320
3 bedrooms $2,303 $44.29 $92,120
4 bedrooms $2,542 $48.88 $101,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Free help

Help to buy or rent in Southwood Acres

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 5 HUD-approved agencies with an office in Capitol Planning Region; 3 say they serve in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Southwood Acres

No down payment, repair or rent-help program on our list is for Southwood Acres or Capitol Planning Region. The ones below are statewide in Connecticut: they work in Southwood Acres the same as in the rest of the state.

Which programs do I qualify for? All programs in Connecticut

Housing counselors near Southwood Acres

The HUD-approved agencies closest to the center of Southwood Acres, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Renewal Team, Inc.

    330 Market St, Hartford · 14 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 2 more
    (860) 560-5600

  • Urban League of Greater Hartford, Inc.

    140 Woodland St, Hartford · 14 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (860) 527-0147

  • Mutual Housing Association of Greater Hartford, Inc.

    95 Niles St, Hartford · 15 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (860) 904-6865

Every agency in Capitol Planning Region All counseling agencies in Connecticut

Help in Spanish near Southwood Acres

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Southwood Acres

In HUD’s record, no housing authority with an office in Capitol Planning Region is named for Southwood Acres or Capitol Planning Region.

19 other authorities have an office in Capitol Planning Region: see the list Source: HUD

Cities

Other cities in Capitol Planning Region

These cities are also in Capitol Planning Region. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Capitol Planning Region Housing in Connecticut
See 4 more cities in Capitol Planning Region, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Southwood Acres, with the typical home value.

Neighboring counties

If Capitol Planning Region is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Southwood Acres.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Southwood Acres

Short answers with the numbers for Southwood Acres and all of Capitol Planning Region. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Southwood Acres?

The typical home value in Southwood Acres is $267,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Capitol Planning Region it is $323,700.

How much does it cost to rent in Southwood Acres?

Typical rent in Southwood Acres is $1,728 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Capitol Planning Region is $1,933.

What is the FHA loan limit in Southwood Acres?

Southwood Acres uses the FHA limit for all of Capitol Planning Region (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Southwood Acres?

The typical homeowner in Southwood Acres pays $5,725 a year, according to the U.S. Census Bureau. That is 2.14% of the home’s value; in Capitol Planning Region, the rate is 1.99%.

Where can I find free help to buy or rent in Southwood Acres?

There are 5 HUD-approved counseling agencies with an office in Capitol Planning Region. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).