Why Live in Lyme
Lyme, a neighborhood in Old Lyme, Connecticut, features a mix of suburban homes, including ranch-styles, Cape Cods, and colonial-styles, as well as historic properties dating back to the 1700s. Homebuyers can find contemporary homes with modern amenities, waterfront properties, and expansive estates. The Lyme Land Trust has preserved half of the town's land, offering scenic trails in preserves like Selden Creek and Mount Archer Woods. Hartman Park features the Heritage Trail, showcasing remnants of early settler life. Marinas such as Cove Landing and Hamburg Cove Yacht Club are popular for boating, located just 1.5 miles from the Connecticut River. Dining and shopping options are limited within Lyme, but nearby Old Lyme offers markets, cafes, and restaurants, including Coffee’s Country Market and Sapore Pizzeria and Bar. Local events include the Farmers Market at Tiffany Farms and the Hamburg Fair, which features carnival rides and agricultural exhibits. Lyme is car-dependent, with Route 156 providing access to Hartford, 40 miles away, and Interstate 95, 6 miles south. Public transportation is available through River Valley Transit. Schools in Lyme are highly rated, with Lyme Consolidated School, Lyme-Old Lyme Middle School, and Lyme-Old Lyme High School all receiving high marks. The area also has a rich artistic heritage, with the Lyme Academy of Fine Arts and the Florence Griswold Museum highlighting its cultural significance. Crime rates in Lyme are lower than the national average, contributing to the neighborhood's appeal.
Frequently Asked Questions
Is Lyme a good place to live?
Lyme is a good place to live. Lyme is considered very car-dependent and somewhat bikeable. Lyme is a rural neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Lyme has 6 parks for recreational activities. It is sparse in population with 0.1 people per acre and a median age of 56. The average household income is $160,606 which is above the national average. College graduates make up 57.6% of residents. A majority of residents in Lyme are home owners, with 14.4% of residents renting and 85.6% of residents owning their home. A
local real estate agent serving Lyme can help you decide if this neighborhood is the right one for you. Learn more on our
Lyme neighborhood guide.
Is Lyme, CT a safe neighborhood?
Lyme, CT is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Lyme?
The median home price in Lyme is $355,000. If you put a 20% down payment of $71,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,840 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $79K a year to afford the median home price in Lyme. The average household income in Lyme is $161K.
What are the best public schools in Lyme?
The best public schools that serve Lyme are:
What are the most popular zip codes in Lyme, Lyme, CT?
What are the most popular neighborhoods near Lyme, Lyme, CT?
Are home prices dropping in Lyme?
Yes, home prices in Lyme are down 2% in the last 12 months.
Home Trends in Lyme, CT
On average, homes in Lyme, CT sell after 76 days on the market compared to the national average of 70 days. The median sale price for homes in Lyme, CT over the last 12 months is $489,000, up 42% from the median home sale price over the previous 12 months.
Median Sale Price
$489,000
Median Single Family Sale Price
$334,000
Average Price Per Sq Ft
$182
Number of Homes for Sale
2
Last 12 months Home Sales
5
Median List Price
$355,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
42%