Tolland, CT—06084
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tolland, CT
As of Oct '25, the median home price in Tolland, CT is $432,000, with a year-over-year change of 4.2%. This indicates that home prices in Tolland, CT are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $432,000 | 4.2% |
| Single Family | $436,000 | 4.6% |
| Condos | $314,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $195,000 | 3.7% |
2 Bed | $338,000 | 4.0% |
3 Bed | $390,000 | 4.0% |
4 Bed | $535,000 | 4.9% |
| 5 Bed | $618,000 | 4.7% |
% of Housing Stock
Rental Trends — Tolland, CT
Tolland, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,620 |
| Studio Rent | N/A | N/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/A | N/A |
% of Rental Stock
Property Listings — Tolland, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Tolland, CT is 42. This is a increase of 63.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $485,000 | 7.0% |
Listing Count | 60 | 45.0% |
| Listings as % of Homes | 0.5% | 45.0% |
Days on Market | 42 | 63.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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 Bedroom | N/A | N/A | $2,660 |
Affordability — Tolland, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $432,000 |
| Median Household Income | $136,000 |