Killingly, CT—06241
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Killingly, CT
Home Price Trends — Killingly, CT
As of Oct '25, the median home price in Killingly, CT is $372,000, with a year-over-year change of 7.0%. This indicates that home prices in Killingly, CT are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | 7.0% |
| Single Family | $379,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $310,000 | 6.2% |
3 Bed | $392,000 | 6.2% |
4 Bed | $422,000 | 7.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Killingly, CT
Killingly, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,400 | $2,400 |
| 2 Bed Rent | $1,850 | $2,580 |
| 3 Bed Rent | $1,800 | $2,310 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Killingly, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Killingly, CT is 40. This is a increase of 9.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $484,000 | 20.0% |
Listing Count | 25 | 12.0% |
| Listings as % of Homes | 0.6% | 12.0% |
Days on Market | 40 | 9.0% |
Demographics — Killingly, CT
As of the latest ACS Survey released in 2023, Killingly, CT has a population of 6,320, which has increased by 1.8% over the past 5 years. Killingly, CT is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,320 | 1.8% |
% Under 18 | 20.7% | -9.6% |
% Seniors | 17.2% | 13.9% |
% WFH | 15.0% | 138.1% |
% w/ College Degree | 25.1% | 2.4% |
As of the latest ACS Survey released in 2023, Killingly, CT is a predominantly white area, with 87.8% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Killingly, CT is hispanic, making up 5.9% of the population. Foreign-born residents account for 3.7% of the population in Killingly, CT, and this percentage has decreased by 42.2% 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 | 87.8% | -6.7% |
% Black | 0.5% | -16.7% |
% Hispanic | 5.9% | 103.4% |
% Asian | 1.5% | 66.7% |
% Foreign Born | 3.7% | -42.2% |
Mortgage and Risk — Killingly, CT
According to HUD data as of 2023, there were 190 mortgage originations in Killingly, CT, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Killingly, CT. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 190 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Killingly, CT
Killingly, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 54 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 86.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,090 | $2,400 | $1,310 |
| 2 Bedroom | -$130 | $1,850 | $1,720 |
| 3 Bedroom | $310 | $1,800 | $2,110 |
| 4 Bedroom | N/A | N/A | $2,520 |
Affordability — Killingly, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $372,000 |
| Median Household Income | $80,500 |