Suffield, CT 06078 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Suffield, CT—06078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$490,000

6.2% YoY Growth

Household Income

$120,000

7.8% YoY Growth

Days on Market

39.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$3,750

N/A

1-Bed Rent

$1,400

N/A

2-Bed Rent

$2,300

N/A

3-Bed Rent

$3,750

N/A

Other Zip Codes in Suffield, CT

06093

Home Price Trends — Suffield, CT

As of May '26, the median home price in Suffield, CT is $490,000, with a year-over-year change of 6.2%. This indicates that home prices in Suffield, CT are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$490,000	6.2%
Single Family	$532,000	5.6%
Condos	$334,000	6.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

7.0%

1 Bedroom

14.4%

2 Bedrooms

52.3%

3 Bedrooms

6.1%

4 Bedrooms

18.9%

5+ Bedrooms

1.3%

Property Listings — Suffield, CT

As of May '26, Realtor.com reports that the median days on market for a home in Suffield, CT is 19. This is a increase of 39.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$575,000	-2.0%
Listing Count	29	-3.0%
Listings as % of Homes	0.7%	-3.0%
Days on Market	19	39.0%

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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%

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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%

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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%

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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

Suffield, CT—06078

Key Metrics at a Glance

Other Zip Codes in Suffield, CT

Home Price Trends — Suffield, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Suffield, CT

% of Rental Stock

Property Listings — Suffield, CT

Demographics — Suffield, CT

Race and Ethnicity

Mortgage and Risk — Suffield, CT

Mortgages

Rentals and Section 8 — Suffield, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Suffield, CT

Home Price to Income Ratio

Suffield, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Windsor Locks

Windsor Locks, CT

Suffield, CT

Agawam, MA

Agawam, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$490,000
Median Household Income	$120,000

Suffield, CT—06078

Key Metrics at a Glance

Other Zip Codes in Suffield, CT

Home Price Trends — Suffield, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Suffield, CT

% of Rental Stock

Property Listings — Suffield, CT

Demographics — Suffield, CT

Race and Ethnicity

Mortgage and Risk — Suffield, CT

Mortgages

Rentals and Section 8 — Suffield, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Suffield, CT

Home Price to Income Ratio

Suffield, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Windsor Locks

Windsor Locks, CT

Suffield, CT

Agawam, MA

Agawam, MA

Frequently Asked Questions

What is the average home price in Suffield, CT 06078?

How have home prices in Suffield, CT 06078 changed over the past year?

What is the home price projection for Suffield, CT 06078?

What are the demographics of Suffield, CT 06078?

How long does it take homes to sell in Suffield, CT 06078?

What is the average rent price in Suffield, CT 06078?