Granby, CT—06035
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Granby, CT
As of Oct '25, the median home price in Granby, CT is $426,000, with a year-over-year change of 3.8%. This indicates that home prices in Granby, 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 | $426,000 | 3.8% |
| Single Family | $437,000 | 4.0% |
| Condos | $348,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $323,000 | 4.2% |
3 Bed | $417,000 | 4.0% |
4 Bed | $514,000 | 4.9% |
| 5 Bed | $612,000 | 5.9% |
% of Housing Stock
Rental Trends — Granby, CT
Granby, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,980 |
| 2 Bed Rent | $2,550 | $2,600 |
| 3 Bed Rent | $2,850 | $2,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Granby, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Granby, CT is 67. This is a increase of 115.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $537,000 | 15.0% |
Listing Count | 28 | -5.0% |
| Listings as % of Homes | 0.7% | -5.0% |
Days on Market | 67 | 115.0% |
Demographics — Granby, CT
As of the latest ACS Survey released in 2023, Granby, CT has a population of 7,940, which has increased by 5.5% over the past 5 years. Granby, CT is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 53.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,940 | 5.5% |
% Under 18 | 19.1% | -3.0% |
% Seniors | 19.8% | -0.5% |
% WFH | 25.6% | 236.8% |
% w/ College Degree | 53.9% | 10.7% |
As of the latest ACS Survey released in 2023, Granby, CT is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Granby, CT is hispanic, making up 3.3% of the population. Foreign-born residents account for 6.3% of the population in Granby, CT, and this percentage has increased by 75.0% 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 | 90.6% | -4.7% |
% Black | 0.8% | 100.0% |
% Hispanic | 3.3% | 371.4% |
% Asian | 2.0% | 5.3% |
% Foreign Born | 6.3% | 75.0% |
Mortgage and Risk — Granby, CT
According to HUD data as of 2023, there were 244 mortgage originations in Granby, CT, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Granby, 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 | 244 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Granby, CT
Granby, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$540 | $1,900 | $1,360 |
| 2 Bedroom | -$830 | $2,550 | $1,720 |
| 3 Bedroom | -$780 | $2,850 | $2,070 |
| 4 Bedroom | N/A | N/A | $2,460 |
Affordability — Granby, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $426,000 |
| Median Household Income | $110,000 |