Broad Brook, CT—06016
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Broad Brook, CT
As of Oct '25, the median home price in Broad Brook, CT is $398,000, with a year-over-year change of 11.2%. This indicates that home prices in Broad Brook, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | 11.2% |
| Single Family | $427,000 | 11.8% |
| Condos | $287,000 | 10.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $288,000 | 11.2% |
3 Bed | $426,000 | 11.2% |
4 Bed | $480,000 | 12.1% |
| 5 Bed | $510,000 | 13.6% |
% of Housing Stock
Rental Trends — Broad Brook, CT
Broad Brook, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,920 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,600 | $3,600 |
% of Rental Stock
Property Listings — Broad Brook, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Broad Brook, CT is 46. This is a decrease of -43.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $406,000 | -29.0% |
Listing Count | 16 | -17.0% |
| Listings as % of Homes | 0.6% | -17.0% |
Days on Market | 46 | -43.0% |
Demographics — Broad Brook, CT
As of the latest ACS Survey released in 2023, Broad Brook, CT has a population of 6,830, which has remained stable by -1.0% over the past 5 years. Broad Brook, CT is a moderately popular place for families, as children make up 15.7% of the population. The area has a highly educated workforce, with 49.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,830 | -1.0% |
% Under 18 | 15.7% | -32.6% |
% Seniors | 20.8% | 57.6% |
% WFH | 20.9% | 895.2% |
% w/ College Degree | 49.4% | 31.0% |
As of the latest ACS Survey released in 2023, Broad Brook, CT is a predominantly white area, with 70.8% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Broad Brook, CT is hispanic, making up 8.5% of the population. Foreign-born residents account for 10.1% of the population in Broad Brook, CT, and this percentage has increased by 2.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.8% | -7.5% |
% Black | 7.5% | -12.8% |
% Hispanic | 8.5% | -1.2% |
% Asian | 6.7% | 131.0% |
% Foreign Born | 10.1% | 2.0% |
Mortgage and Risk — Broad Brook, CT
According to HUD data as of 2023, there were 121 mortgage originations in Broad Brook, CT, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Broad Brook, CT. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 121 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Broad Brook, CT
Broad Brook, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 139 |
Total Units Section 8 | 139 |
% Rentals under Section 8 | 16.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,590 |
| 2 Bedroom | $410 | $1,600 | $2,010 |
| 3 Bedroom | N/A | N/A | $2,420 |
| 4 Bedroom | -$730 | $3,600 | $2,870 |
Affordability — Broad Brook, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $398,000 |
| Median Household Income | $119,000 |