Sprague, CT—06330
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sprague, CT
As of Oct '25, the median home price in Sprague, CT is $350,000, with a year-over-year change of 3.5%. This indicates that home prices in Sprague, CT are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $350,000 | 3.5% |
| Single Family | $350,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $292,000 | 1.0% |
3 Bed | $355,000 | 3.5% |
4 Bed | $403,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sprague, CT
Sprague, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,700 | $1,780 |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Sprague, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Sprague, CT is 29. This is a decrease of -48.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $447,000 | 25.0% |
Listing Count | 10 | -30.0% |
| Listings as % of Homes | 0.7% | -30.0% |
Days on Market | 29 | -48.0% |
Demographics — Sprague, CT
As of the latest ACS Survey released in 2023, Sprague, CT has a population of 3,310, which has remained stable by 0.6% over the past 5 years. Sprague, CT is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,310 | 0.6% |
% Under 18 | 21.5% | 6.4% |
% Seniors | 16.6% | 11.4% |
% WFH | 5.5% | 48.6% |
% w/ College Degree | 22.9% | 11.2% |
As of the latest ACS Survey released in 2023, Sprague, CT is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 16.5% in the last 5 years. The second most common race or ethnicity in Sprague, CT is hispanic, making up 10.1% of the population. Foreign-born residents account for 3.6% of the population in Sprague, CT, and this percentage has increased by 44.0% 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 | 73.9% | -16.5% |
% Black | 3.6% | 125.0% |
% Hispanic | 10.1% | 152.5% |
% Asian | 2.8% | ∞% |
% Foreign Born | 3.6% | 44.0% |
Mortgage and Risk — Sprague, CT
According to HUD data as of 2023, there were 58 mortgage originations in Sprague, CT, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Sprague, CT. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Sprague, CT
As of 2024, the percent of homes in Sprague, CT under the Section 8 program is 2.9%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sprague, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,500 | $1,290 |
| 2 Bedroom | -$120 | $1,700 | $1,580 |
| 3 Bedroom | $350 | $1,700 | $2,050 |
| 4 Bedroom | $850 | $1,800 | $2,650 |
Affordability — Sprague, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $350,000 |
| Median Household Income | $92,900 |