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Canterbury, CT—06331

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$413,000
5.4% YoY Growth
Household Income
$99,500
7.2% YoY Growth
Days on Market
41
66.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$2,800
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,800
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Canterbury, CT

As of May '26, the median home price in Canterbury, CT is $413,000, with a year-over-year change of 5.4%. This indicates that home prices in Canterbury, CT are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$413,0005.4%
Single Family $414,0005.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$356,0005.3%
    3 Bed
    		$416,0005.9%
    4 Bed
    		$473,0005.8%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    5.0%
    2 Bedrooms
    16.4%
    3 Bedrooms
    52.6%
    4 Bedrooms
    23.2%
    5+ Bedrooms
    1.9%

    Rental Trends — Canterbury, CT

    Canterbury, CT lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$2,800$2,800
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,800$2,800
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    7.4%
    1 Bedroom
    40.8%
    2 Bedrooms
    4.2%
    3 Bedrooms
    28.2%
    4 Bedrooms
    19.4%

    Property Listings — Canterbury, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Canterbury, CT is 41. This is a increase of 66.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$435,000-14.0%
    Listing Count
    		1020.0%
    Listings as % of Homes0.4%20.0%
    Days on Market
    		4166.0%
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    Demographics — Canterbury, CT

    As of the latest ACS Survey released in 2023, Canterbury, CT has a population of 5,100, which has remained stable by 0.6% over the past 5 years. Canterbury, CT is a moderately popular place for families, as children make up 15.6% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		5,1000.6%
    % Under 18
    		15.6%-26.4%
    % Seniors
    		26.7%64.8%
    % WFH
    		13.0%160.0%
    % w/ College Degree
    		26.1%20.8%
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    As of the latest ACS Survey released in 2023, Canterbury, CT is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Canterbury, CT is hispanic, making up 3.8% of the population. Foreign-born residents account for 2.8% of the population in Canterbury, CT, and this percentage has increased by 12.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.3%-7.4%
    % Black
    		3.6%200.0%
    % Hispanic
    		3.8%533.3%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		2.8%12.0%
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    Mortgage and Risk — Canterbury, CT

    According to HUD data as of 2023, there were 99 mortgage originations in Canterbury, CT, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Canterbury, CT. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		99
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		19.0%
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    Rentals and Section 8 — Canterbury, CT

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

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		0.4%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,350
    2 BedroomN/AN/A$1,780
    3 Bedroom-$630$2,800$2,170
    4 BedroomN/AN/A$2,700

    Affordability — Canterbury, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$413,000
    Median Household Income$99,500

    Canterbury, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Plainfield, CT

    06374

    Sprague, CT

    06330

    Hampton, CT

    06247

    Central Village

    06332

    Wauregan

    06387

    Frequently Asked Questions