New Britain, CT—06052
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 $341,000, with a year-over-year change of 3.8%. This indicates that home prices in New Britain, CT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | 3.8% |
| Single Family | $352,000 | 3.5% |
| Condos | $147,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $122,000 | 3.4% |
2 Bed | $259,000 | 4.0% |
3 Bed | $335,000 | 3.1% |
4 Bed | $391,000 | 4.0% |
| 5 Bed | $451,000 | 4.2% |
% of Housing Stock
Rental Trends — New Britain, CT
As of July '25, Rentcast reports the average rent in New Britain, CT is $1,720, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in New Britain, CT is studios: $1,150, 1-bedrooms: $1,310, 2-bedrooms: $1,600, 3-bedrooms: $1,980. The most common rental property sizes in New Britain, CT are 2-bedroom and 1-bedroom, accounting for 60.5% and 17.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,690 | $1,720 |
| Studio Rent | $1,150 | $1,150 |
| 1 Bed Rent | $1,300 | $1,310 |
| 2 Bed Rent | $1,600 | $1,600 |
| 3 Bed Rent | $2,000 | $1,980 |
| 4 Bed Rent | N/A | N/A |
% 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 58. This is a increase of 11.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 20.0% |
Listing Count | 22 | 77.0% |
| Listings as % of Homes | 0.3% | 77.0% |
Days on Market | 58 | 11.0% |
Demographics — New Britain, CT
As of the latest ACS Survey released in 2023, New Britain, CT has a population of 8,230, which has increased by 4.7% over the past 5 years. New Britain, CT is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 33.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,230 | 4.7% |
% Under 18 | 19.4% | 3.2% |
% Seniors | 17.1% | 11.0% |
% WFH | 12.8% | 228.2% |
% w/ College Degree | 33.4% | -1.8% |
As of the latest ACS Survey released in 2023, New Britain, CT is a predominantly white area, with 47.2% of the population identifying as white. The white population has shrunk by 18.1% in the last 5 years. The second most common race or ethnicity in New Britain, CT is hispanic, making up 38.1% of the population. Foreign-born residents account for 13.4% of the population in New Britain, CT, and this percentage has decreased by 17.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.2% | -18.1% |
% Black | 11.4% | -16.2% |
% Hispanic | 38.1% | 35.6% |
% Asian | 0.9% | -43.8% |
% Foreign Born | 13.4% | -17.3% |
Mortgage and Risk — New Britain, CT
According to HUD data as of 2023, there were 140 mortgage originations in New Britain, CT, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in New Britain, CT. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 140 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — New Britain, CT
New Britain, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 95 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,300 | $1,200 |
| 2 Bedroom | -$80 | $1,600 | $1,520 |
| 3 Bedroom | -$170 | $2,000 | $1,830 |
| 4 Bedroom | N/A | N/A | $2,170 |
Affordability — New Britain, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $341,000 |
| Median Household Income | $80,600 |