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Tolland, CT—06084

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$457,000
8.2% YoY Growth
Household Income
$136,000
17.3% YoY Growth
Days on Market
41
13.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$3,000
N/A
1-Bed Rent
$1,600
N/A
2-Bed Rent
$3,000
N/A
3-Bed Rent
$3,200
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Tolland, CT

As of May '26, the median home price in Tolland, CT is $457,000, with a year-over-year change of 8.2%. This indicates that home prices in Tolland, CT are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$457,0008.2%
Single Family $461,0008.5%
Condos $336,0009.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $201,000
    8.6%
    2 Bed
    		$361,0008.1%
    3 Bed
    		$413,0008.4%
    4 Bed
    		$562,0007.9%
    5 Bed $653,4009.1%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    7.3%
    2 Bedrooms
    7.6%
    3 Bedrooms
    50.1%
    4 Bedrooms
    32.0%
    5+ Bedrooms
    2.8%

    Rental Trends — Tolland, CT

    Tolland, CT lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$3,000$2,620
    Studio Rent N/AN/A
    1 Bed Rent $1,600$1,700
    2 Bed Rent $3,000$3,000
    3 Bed Rent $3,200$3,350
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    44.7%
    2 Bedrooms
    17.4%
    3 Bedrooms
    28.6%
    4 Bedrooms
    9.3%

    Property Listings — Tolland, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Tolland, CT is 41. This is a increase of 13.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$565,0007.0%
    Listing Count
    		4435.0%
    Listings as % of Homes0.5%35.0%
    Days on Market
    		4113.0%
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    Demographics — Tolland, CT

    As of the latest ACS Survey released in 2023, Tolland, CT has a population of 14,700, which has remained stable by -0.5% over the past 5 years. Tolland, CT is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 56.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,700-0.5%
    % Under 18
    		23.6%-1.3%
    % Seniors
    		15.6%4.0%
    % WFH
    		16.5%161.9%
    % w/ College Degree
    		56.5%18.9%
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    As of the latest ACS Survey released in 2023, Tolland, CT is a predominantly white area, with 84.2% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Tolland, CT is hispanic, making up 7.6% of the population. Foreign-born residents account for 6.1% of the population in Tolland, CT, and this percentage has increased by 45.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		84.2%-9.1%
    % Black
    		0.5%-66.7%
    % Hispanic
    		7.6%322.2%
    % Asian
    		2.3%-20.7%
    % Foreign Born
    		6.1%45.2%
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    Mortgage and Risk — Tolland, CT

    According to HUD data as of 2023, there were 327 mortgage originations in Tolland, CT, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Tolland, CT. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		327
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Tolland, CT

    Tolland, CT lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		42
    Total Units Section 8
    		11
    % Rentals under Section 8
    		1.9%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$130$1,600$1,470
    2 Bedroom-$1,140$3,000$1,860
    3 Bedroom-$960$3,200$2,240
    4 BedroomN/AN/A$2,660

    Affordability — Tolland, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$457,000
    Median Household Income$136,000

    Tolland, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ellington, CT

    06029

    Coventry, CT

    06238

    Vernon Rockville, CT

    06066

    Willington, CT

    06279

    Storrs

    06269

    Frequently Asked Questions