Suffield, CT—06078
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Suffield, CT
Home Price Trends — Suffield, CT
As of Oct '25, the median home price in Suffield, CT is $471,000, with a year-over-year change of 6.8%. This indicates that home prices in Suffield, CT are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $471,000 | 6.8% |
| Single Family | $513,000 | 7.5% |
| Condos | $324,000 | 6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $315,000 | 7.1% |
3 Bed | $458,000 | 7.0% |
4 Bed | $615,000 | 7.5% |
| 5 Bed | $706,000 | 6.5% |
% of Housing Stock
Rental Trends — Suffield, CT
Suffield, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,750 | $3,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $2,300 | $2,320 |
| 3 Bed Rent | $3,750 | $3,980 |
| 4 Bed Rent | $5,300 | $5,550 |
% of Rental Stock
Property Listings — Suffield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Suffield, CT is 49. This is a increase of 2.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $464,000 | -20.0% |
Listing Count | 23 | -25.0% |
| Listings as % of Homes | 0.7% | -25.0% |
Days on Market | 49 | 2.0% |
Demographics — Suffield, CT
As of the latest ACS Survey released in 2023, Suffield, CT has a population of 10,800, which has decreased by -14.3% over the past 5 years. Suffield, CT is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 44.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | -14.3% |
% Under 18 | 16.2% | -10.5% |
% Seniors | 19.6% | 26.5% |
% WFH | 17.5% | 272.3% |
% w/ College Degree | 44.8% | 5.4% |
As of the latest ACS Survey released in 2023, Suffield, CT is a predominantly white area, with 82.3% of the population identifying as white. The white population has grown by 8.4% in the last 5 years. The second most common race or ethnicity in Suffield, CT is hispanic, making up 8.5% of the population. Foreign-born residents account for 5.6% of the population in Suffield, CT, and this percentage has decreased by 28.2% 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 | 82.3% | 8.4% |
% Black | 3.7% | -68.4% |
% Hispanic | 8.5% | 9.0% |
% Asian | 3.1% | 3.3% |
% Foreign Born | 5.6% | -28.2% |
Mortgage and Risk — Suffield, CT
According to HUD data as of 2023, there were 241 mortgage originations in Suffield, CT, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Suffield, CT. Investor activity is low, as 2.0% 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 | 241 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Suffield, CT
As of 2024, the percent of homes in Suffield, CT under the Section 8 program is 2.8%. 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 Suffield, 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 | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,400 | $1,340 |
| 2 Bedroom | -$610 | $2,300 | $1,690 |
| 3 Bedroom | -$1,710 | $3,750 | $2,040 |
| 4 Bedroom | -$2,880 | $5,300 | $2,420 |
Affordability — Suffield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $471,000 |
| Median Household Income | $120,000 |