Coventry, CT—06238
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coventry, CT
As of Oct '25, the median home price in Coventry, CT is $382,000, with a year-over-year change of 5.3%. This indicates that home prices in Coventry, CT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $382,000 | 5.3% |
| Single Family | $386,000 | 5.2% |
| Condos | $271,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $242,000 | 10.0% |
2 Bed | $291,000 | 7.0% |
3 Bed | $393,000 | 4.8% |
4 Bed | $492,000 | 6.3% |
| 5 Bed | $517,000 | 5.9% |
% of Housing Stock
Rental Trends — Coventry, CT
Coventry, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,050 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,950 | $2,150 |
| 3 Bed Rent | $2,480 | $2,540 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coventry, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Coventry, CT is 34. This is a increase of 37.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 8.0% |
Listing Count | 34 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 34 | 37.0% |
Demographics — Coventry, CT
As of the latest ACS Survey released in 2023, Coventry, CT has a population of 12,300, which has remained stable by -1.0% over the past 5 years. Coventry, CT is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 44.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,300 | -1.0% |
% Under 18 | 21.1% | -0.5% |
% Seniors | 19.3% | 28.7% |
% WFH | 13.3% | 250.0% |
% w/ College Degree | 44.2% | 4.0% |
As of the latest ACS Survey released in 2023, Coventry, CT is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Coventry, CT is hispanic, making up 4.7% of the population. Foreign-born residents account for 6.0% of the population in Coventry, CT, and this percentage has increased by 106.9% 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 | 92.0% | -1.3% |
% Black | 0.2% | -50.0% |
% Hispanic | 4.7% | 11.9% |
% Asian | 1.6% | 220.0% |
% Foreign Born | 6.0% | 106.9% |
Mortgage and Risk — Coventry, CT
According to HUD data as of 2023, there were 288 mortgage originations in Coventry, CT, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Coventry, CT. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 288 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Coventry, CT
Coventry, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 84 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,400 | $1,310 |
| 2 Bedroom | -$290 | $1,950 | $1,660 |
| 3 Bedroom | -$480 | $2,480 | $2,000 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Coventry, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $382,000 |
| Median Household Income | $105,000 |