New Milford

New Milford

Located in Litchfield County

$519,284 Average Value
$292 Average Price per Sq Ft
49 Homes For Sale

Scenic small-town atmosphere and outdoor recreation in New Milford

New Milford offers scenic living in Western Connecticut’s rolling hills. Though this is geographically the state’s largest town with its largest lake, it maintains a small-town feel with just over 7,600 residents. It also has an abundance of land designated for recreation, some of which is private. “You get a lot of benefits by being a resident. Parts of the lake and several parks are for residents only,” says Lou Capellaro, a local Realtor with Keller Williams Realty, who lived in New Milford from 2007 to 2024. While many New Yorkers purchase second homes here, it’s also a permanent destination with a quaint downtown and a convenient commercial corridor.

Housing ranges from modest condos to multi-million-dollar estates

New Milford has a wide range of housing options and a median price of $465,000, over the national median of around $400,000. One-bedroom condos downtown sell for as low as $115,000. Condos near Candlewood Lake with multi-car garages and a community pool sell for as much as $550,000. Single-family homes date as far back as the 1700s. Historic properties from the 18th and 19th centuries are mostly downtown and often feature Colonial and Victorian architecture. Those needing a lot of work can sell for as low as $165,000, while large, preserved estates sell for more than $1 million. Homebuyers will find houses in all shapes and sizes in the scenic rolling hills, with smaller homes selling for $250,000 and upscale properties for more than $1 million. Lakefront properties range from around $1 million to $2.5 million.

There's a moderate flood risk in New Milford, due to the Housatonic River. Homes and businesses close to the river have a higher risk of being impacted by flooding. One of the most recent major floods occurred in 2011, which was caused by heavy rainfall and closed Routes 7 and 67.

Boating on Candlewood Lake and hiking by the Housatonic River

One of the most popular outdoor destinations is Candlewood Lake, the largest lake in Connecticut, with more than 5,400 acres of water. “Candlewood Lake is a big deal for boaters," says Capellaro. "It gets pretty busy in the summer. And on the weekend? Forget about it.” People regularly dock their boats by the beach at Lynn Deming Park, which is open to residents only. The 5-mile New Milford Trail takes hikers through nature next to a train track along the Housatonic River. Youngs Field is also along the river near downtown, with several athletic fields and a playground. Lovers Leap State Park is on the far south side of town with a hiking trail over an iron bridge from the 1800s, past historic ruins and up 1,200 feet to a rock formation with views of the river gorge. According to local lore, it’s from this spot that Native American Princess Lillinonah and her lover leaped to their deaths, which is how the park got its name.

Local businesses downtown and busier shopping centers on Danbury Road

On the east side of the river, New Milford’s downtown has a quintessential New England feel. “It’s a very authentic downtown with stone buildings, churches, a library and local businesses,” Capellaro says. The cafes, restaurants and bars provide diverse dining experiences. River & Rail Café serves coffee and pastries in an intimate atmosphere with chic décor. O’Connor’s Public House is a more rustic Irish pub scene. And Lucia Ristorante is known for its fine-dining Italian cuisine. Downtown also has several gift shops, antique stores and boutiques. Danbury Road (U.S. Route 202) runs along the west side of the river and has shopping centers with big-box retailers and a mix of local and national chain restaurants.

Downtown theaters and community events at the Village Green

Downtown, locals can catch a play at Theater Works, enjoy a musical or dance performance at FineLine Theatre Arts or watch a film in the historic Bank Street Theater, built in 1902.

Several events are held downtown at the Village Green. In summer, dozens of local artists display their work, and kids perform dance routines on the green. During the holiday season, locals gather at the green for the annual tree-lighting ceremony. New Milford GOAT Days is a weekend-long spectacle held at Youngs Field. While GOAT stands for “Greatest Of All Towns,” the event features actual goats to cuddle with, carnival rides and other activities.

Well-rated public schools and a highly regarded Catholic boarding school

Most kindergarten through second-grade students on the east side of the river attend Northville Elementary School, while most on the west side go to Hill and Plain Elementary School. Both receive a B grade from Niche. Students from both schools go on to Sarah Noble Intermediate School and Schaghticoke Middle School, each graded a B-minus. New Milford High School receives a B-plus.

Ninth through twelfth-grade students may attend Canterbury School, a Catholic, college-preparatory boarding school. It receives an A-plus.

A 90-minute drive or a 2-hour train ride to New York City

New Milford is a car-dependent community with no public buses. From U.S. Route 202, it’s about a 30-minute drive to Danbury and a 90-minute drive to New York City. “New Milford is considered a suburb of Danbury, which is a suburb of New York,” Capellaro says. Train stations along the Metro-North Railroad are about 25 minutes away. A train ride to Grand Central Station in Manhattan takes nearly 2 hours.

Nicolas Stuart
Written By
Nicolas Stuart

Interested in learning more about homes in this area? Reach out to Miguel Rosado, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

New Milford Housing Trends

Housing Trends

Median List Price
$489,000
Median Sale Price
$465,000
Median Single Family Sale Price
$525,000
Median Townhouse Sale Price
$300,000
Median 2 Bedroom Sale Price
$229,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
311
Median Home Sale Price YoY Change
$7
Average Price Per Sq Ft
$292

Neighborhood Facts

Number of Homes for Sale
49
Months of Supply
1.90

Open Houses

  • Saturday, Jun 21
    12 - 3pm

    85 Lake Dr, New Milford, CT 06776

    $599,900

    • 3 Beds
    • 2 Baths
    • 1,161 Sq Ft
    • 85 Lake Dr
    • New 5 days ago

    The western exposure "million-dollar view" of Candlewood Lake comes with this charming lake house with original features and modern updates. Relax in front of the wood-burning fieldstone fireplace surrounded by knotty-pine paneling and built-in bookcases, or step through the LR sliders to the huge elevated deck to enjoy your lake views around the propane firepit. Recently renovated kitchen and

    Casey Jordan Berkshire Hathaway NE Prop.

  • Sunday, Jun 22
    1 - 3pm

    596 Kent Rd, Gaylordsville, CT 06755

    $489,900

    • 3 Beds
    • 2.5 Baths
    • 2,014 Sq Ft
    • 596 Kent Rd
    • New 11 days ago

    Classic 2000 sq. ft., 3-bedroom colonial farmhouse on nearly an acre of level land with DIRECT FRONTAGE ON THE HOUSATONIC RIVER. There is a two-car garage with additional driveway parking on the north end of the house and a large, wrap-around deck providing views of the river on the south end of the house. Its baseboard - hot water heating system is fueled by clean, efficient, propane and it has

    Don Fleming Coldwell Banker Realty

  • Saturday, Jun 21
    12am - 2pm

    262 Candlewood Lake Rd N, New Milford, CT 06776

    $625,000

    • 4 Beds
    • 2.5 Baths
    • 2,352 Sq Ft
    • 262 Candlewood Lake Rd N
    • New 15 days ago

    Spacious 4-Bedroom Home in Candlewood Springs Lake Community! Welcome to your new home in the desirable, highly sought after, Candlewood Springs Lake community! This beautiful 4-bedroom, 2.5-bath residence offers the perfect blend of comfort, style, and space. With newly refinished hardwood floors throughout and freshly painted rooms, this home is move-in ready and full of charm. The adjoining

    Denise Ferris Keller Williams Realty

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

New Milford Has More Owners

Demographics

Total Population
28,604
Median Age
45
Population under 18
21.5%
On par with the national average
23.8%
Population over 65
20.1%
On par with the national average
19.1%

Finances

Median Household Income
$95,494
Above the national average
$71,702
Average Household Income
$116,632

Education and Workforce

High School Graduates
95.1%
College Graduates
40.4%
Above the national average
34.1%
Advanced Degrees
14.5%
% Population in Labor Force
72.5%
Above the national average
65.1%
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
New Milford