New Britain, CT—06051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Britain, CT
As of Oct '25, the median home price in New Britain, CT is $270,000, with a year-over-year change of 4.7%. This indicates that home prices in New Britain, CT are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 4.7% |
| Single Family | $281,000 | 4.5% |
| Condos | $160,000 | 7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 6.2% |
3 Bed | $279,000 | 4.1% |
4 Bed | $296,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Britain, CT
As of July '25, Rentcast reports the average rent in New Britain, CT is $1,670, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in New Britain, CT is studios: $1,300, 1-bedrooms: $1,490, 2-bedrooms: $1,610, 3-bedrooms: $1,850, 4-bedrooms: $1,500. The most common rental property sizes in New Britain, CT are 2-bedroom and 1-bedroom, accounting for 38.8% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,670 |
| Studio Rent | $1,020 | $1,300 |
| 1 Bed Rent | $1,400 | $1,490 |
| 2 Bed Rent | $1,500 | $1,610 |
| 3 Bed Rent | $1,800 | $1,850 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — New Britain, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in New Britain, CT is 33. This is a increase of 19.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | 5.0% |
Listing Count | 25 | -22.0% |
| Listings as % of Homes | 0.2% | -22.0% |
Days on Market | 33 | 19.0% |
Demographics — New Britain, CT
As of the latest ACS Survey released in 2023, New Britain, CT has a population of 29,400, which has decreased by -2.6% over the past 5 years. New Britain, CT is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 10.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | -2.6% |
% Under 18 | 24.5% | -8.6% |
% Seniors | 14.4% | 39.8% |
% WFH | 4.1% | 78.3% |
% w/ College Degree | 10.1% | -10.6% |
As of the latest ACS Survey released in 2023, New Britain, CT is a predominantly hispanic area, with 51.8% of the population identifying as hispanic. The hispanic population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in New Britain, CT is white, making up 29.6% of the population. Foreign-born residents account for 15.3% of the population in New Britain, CT, and this percentage has increased by 8.5% 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 | 29.6% | 12.1% |
% Black | 13.8% | -16.4% |
% Hispanic | 51.8% | -6.2% |
% Asian | 1.7% | 13.3% |
% Foreign Born | 15.3% | 8.5% |
Mortgage and Risk — New Britain, CT
According to HUD data as of 2023, there were 262 mortgage originations in New Britain, CT, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in New Britain, CT. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 262 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — New Britain, CT
As of 2024, the percent of homes in New Britain, CT under the Section 8 program is 19.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in New Britain, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,994 |
Total Units Section 8 | 1,599 |
% Rentals under Section 8 | 19.6% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$360 | $1,400 | $1,040 |
| 2 Bedroom | -$180 | $1,500 | $1,320 |
| 3 Bedroom | -$210 | $1,800 | $1,590 |
| 4 Bedroom | $390 | $1,500 | $1,890 |
Affordability — New Britain, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $270,000 |
| Median Household Income | $48,700 |