East Lyme, CT 06333 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

East Lyme, CT—06333

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$553,000

7.0% YoY Growth

Household Income

$132,000

10.0% YoY Growth

Days on Market

106.0% Longer YoY

Home Price Forecast

2.7%

Median Rent

$2,000

N/A

1-Bed Rent

$2,000

N/A

2-Bed Rent

$2,000

N/A

3-Bed Rent

$3,150

N/A

Home Price Trends — East Lyme, CT

As of May '26, the median home price in East Lyme, CT is $553,000, with a year-over-year change of 7.0%. This indicates that home prices in East Lyme, CT are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$553,000	7.0%
Single Family	$582,000	6.6%
Condos	$310,000	11.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — East Lyme, CT

East Lyme, CT lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,380
Studio Rent	N/A	N/A
1 Bed Rent	$2,000	$2,000
2 Bed Rent	$2,000	$2,070
3 Bed Rent	$3,150	$3,150
4 Bed Rent	$3,300	$3,300

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% of Rental Stock

Studio

3.6%

1 Bedroom

21.9%

2 Bedrooms

51.0%

3 Bedrooms

19.5%

4 Bedrooms

4.0%

Property Listings — East Lyme, CT

As of May '26, Realtor.com reports that the median days on market for a home in East Lyme, CT is 61. This is a increase of 106.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,060,000	79.0%
Listing Count	32	11.0%
Listings as % of Homes	0.9%	11.0%
Days on Market	61	106.0%

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Demographics — East Lyme, CT

As of the latest ACS Survey released in 2023, East Lyme, CT has a population of 7,320, which has increased by 2.8% over the past 5 years. East Lyme, CT is a moderately popular place for families, as children make up 24.9% of the population. The area has a highly educated workforce, with 59.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,320	2.8%
% Under 18	24.9%	8.3%
% Seniors	16.1%	-10.6%
% WFH	21.0%	356.5%
% w/ College Degree	59.4%	14.9%

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As of the latest ACS Survey released in 2023, East Lyme, CT is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in East Lyme, CT is hispanic, making up 9.2% of the population. Foreign-born residents account for 9.0% of the population in East Lyme, CT, and this percentage has decreased by 17.4% 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	77.2%	-5.2%
% Black	1.3%	-55.2%
% Hispanic	9.2%	53.3%
% Asian	7.6%	-16.5%
% Foreign Born	9.0%	-17.4%

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Mortgage and Risk — East Lyme, CT

According to HUD data as of 2023, there were 127 mortgage originations in East Lyme, CT, of which 91.0% 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 East Lyme, CT. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	127
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — East Lyme, CT

As of 2024, the percent of homes in East Lyme, CT under the Section 8 program is 0.1%. 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. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in East Lyme, CT, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	0.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$310	$2,000	$1,690
2 Bedroom	$70	$2,000	$2,070
3 Bedroom	-$470	$3,150	$2,680
4 Bedroom	$170	$3,300	$3,470

East Lyme, CT—06333

Key Metrics at a Glance

Home Price Trends — East Lyme, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — East Lyme, CT

% of Rental Stock

Property Listings — East Lyme, CT

Demographics — East Lyme, CT

Race and Ethnicity

Mortgage and Risk — East Lyme, CT

Mortgages

Rentals and Section 8 — East Lyme, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — East Lyme, CT

Home Price to Income Ratio

East Lyme, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Niantic, CT

Old Lyme, CT

Waterford, CT

Montville, CT

Salem, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$553,000
Median Household Income	$132,000

East Lyme, CT—06333

Key Metrics at a Glance

Home Price Trends — East Lyme, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — East Lyme, CT

% of Rental Stock

Property Listings — East Lyme, CT

Demographics — East Lyme, CT

Race and Ethnicity

Mortgage and Risk — East Lyme, CT

Mortgages

Rentals and Section 8 — East Lyme, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — East Lyme, CT

Home Price to Income Ratio

East Lyme, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Niantic, CT

Old Lyme, CT

Waterford, CT

Montville, CT

Salem, CT

Frequently Asked Questions

What is the average home price in East Lyme, CT 06333?

How have home prices in East Lyme, CT 06333 changed over the past year?

What is the home price projection for East Lyme, CT 06333?

What are the demographics of East Lyme, CT 06333?

How long does it take homes to sell in East Lyme, CT 06333?

What is the average rent price in East Lyme, CT 06333?