Niantic median real estate price is $294,436, which is more expensive than 65.8% of the neighborhoods in Connecticut and 70.9% of the neighborhoods in the U.S.
The average rental price in Niantic is currently $1,428, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.4% of Connecticut neighborhoods.
Niantic is a suburban neighborhood (based on population density) located in East Lyme, Connecticut. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Niantic real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Niantic neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Niantic. The current real estate vacancy rate here is 24.7%. This is higher than the rate of vacancies in 90.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (21.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.