New Britain, CT—06053
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 $288,000, with a year-over-year change of 1.9%. This indicates that home prices in New Britain, CT are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | 1.9% |
| Single Family | $297,000 | 1.7% |
| Condos | $215,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $246,000 | 1.7% |
3 Bed | $300,000 | 1.4% |
4 Bed | $307,000 | 2.3% |
| 5 Bed | $367,000 | 2.2% |
% of Housing Stock
Rental Trends — New Britain, CT
As of July '25, Rentcast reports the average rent in New Britain, CT is $1,820, with a year-over-year rent change of -13.3%. Per bedroom, the median rent as of July '25 in New Britain, CT is studios: $1,250, 1-bedrooms: $1,410, 2-bedrooms: $1,670, 3-bedrooms: $2,000, 4-bedrooms: $2,780. The most common rental property sizes in New Britain, CT are 2-bedroom and 3-bedroom, accounting for 43.4% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,820 |
| Studio Rent | $1,250 | $1,250 |
| 1 Bed Rent | $1,350 | $1,410 |
| 2 Bed Rent | $1,650 | $1,670 |
| 3 Bed Rent | $1,950 | $2,000 |
| 4 Bed Rent | $2,700 | $2,780 |
% 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 41. This is a decrease of -8.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $307,000 | 3.0% |
Listing Count | 50 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 41 | -8.0% |
Demographics — New Britain, CT
As of the latest ACS Survey released in 2023, New Britain, CT has a population of 35,700, which has increased by 2.7% over the past 5 years. New Britain, CT is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,700 | 2.7% |
% Under 18 | 21.0% | -0.5% |
% Seniors | 14.3% | -1.4% |
% WFH | 8.5% | 214.8% |
% w/ College Degree | 22.2% | -4.3% |
As of the latest ACS Survey released in 2023, New Britain, CT is a predominantly white area, with 46.5% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in New Britain, CT is hispanic, making up 36.3% of the population. Foreign-born residents account for 22.2% of the population in New Britain, CT, and this percentage has decreased by 11.2% 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 | 46.5% | -8.6% |
% Black | 13.0% | 39.8% |
% Hispanic | 36.3% | 12.4% |
% Asian | 3.2% | -30.4% |
% Foreign Born | 22.2% | -11.2% |
Mortgage and Risk — New Britain, CT
According to HUD data as of 2023, there were 482 mortgage originations in New Britain, CT, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in New Britain, CT. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 482 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
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 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In New Britain, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,098 |
Total Units Section 8 | 632 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,350 | $1,210 |
| 2 Bedroom | -$120 | $1,650 | $1,530 |
| 3 Bedroom | -$110 | $1,950 | $1,840 |
| 4 Bedroom | -$510 | $2,700 | $2,190 |
Affordability — New Britain, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $288,000 |
| Median Household Income | $61,500 |