East Lyme, CT—06333
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Lyme, CT
As of Oct '25, the median home price in East Lyme, CT is $521,000, with a year-over-year change of 5.9%. This indicates that home prices in East Lyme, CT are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $521,000 | 5.9% |
| Single Family | $548,000 | 6.0% |
| Condos | $280,000 | 8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $321,000 | 8.4% |
3 Bed | $470,000 | 5.6% |
4 Bed | $670,000 | 5.3% |
| 5 Bed | $812,000 | 4.2% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — East Lyme, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in East Lyme, CT is 55. This is a decrease of -4.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $850,000 | 28.0% |
Listing Count | 40 | 2.0% |
| Listings as % of Homes | 0.9% | 2.0% |
Days on Market | 55 | -4.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — East Lyme, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $521,000 |
| Median Household Income | $132,000 |