Niantic, CT 06357 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Niantic, CT—06357

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$491,000

7.7% YoY Growth

Household Income

$98,900

23.8% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

3.9%

Median Rent

$2,600

30.0% YoY Growth

1-Bed Rent

$1,650

N/A

2-Bed Rent

$2,000

N/A

3-Bed Rent

$2,800

22.8% YoY Growth

Home Price Trends — Niantic, CT

As of Dec '25, the median home price in Niantic, CT is $491,000, with a year-over-year change of 7.7%. This indicates that home prices in Niantic, CT are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$491,000	7.7%
Single Family	$498,000	8.0%
Condos	$466,000	8.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Niantic, CT

As of July '25, Rentcast reports the average rent in Niantic, CT is $2,520, with a year-over-year rent change of -30.0%. Per bedroom, the median rent as of July '25 in Niantic, CT is 1-bedrooms: $1,850, 2-bedrooms: $2,240, 3-bedrooms: $2,780, 4-bedrooms: $3,260. The most common rental property sizes in Niantic, CT are 2-bedroom and 1-bedroom, accounting for 40.5% and 32.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$2,520
Studio Rent	N/A	N/A
1 Bed Rent	$1,650	$1,850
2 Bed Rent	$2,000	$2,240
3 Bed Rent	$2,800	$2,780
4 Bed Rent	$3,000	$3,260

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% of Rental Stock

Studio

1.7%

1 Bedroom

32.5%

2 Bedrooms

40.5%

3 Bedrooms

23.4%

4 Bedrooms

1.5%

5+ Bedrooms

0.3%

Property Listings — Niantic, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Niantic, CT is 41. This is a decrease of -25.0% 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	$575,000	1.0%
Listing Count	26	-6.0%
Listings as % of Homes	0.5%	-6.0%
Days on Market	39	-11.0%

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Demographics — Niantic, CT

As of the latest ACS Survey released in 2023, Niantic, CT has a population of 11,300, which has decreased by -2.8% over the past 5 years. Niantic, CT is a less popular place for families, as children make up 12.2% of the population. The area has a highly educated workforce, with 45.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,300	-2.8%
% Under 18	12.2%	-7.6%
% Seniors	32.1%	25.4%
% WFH	19.0%	280.0%
% w/ College Degree	45.6%	8.3%

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As of the latest ACS Survey released in 2023, Niantic, CT is a predominantly white area, with 82.9% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Niantic, CT is asian, making up 6.1% of the population. Foreign-born residents account for 9.8% of the population in Niantic, CT, and this percentage has increased by 63.3% 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	82.9%	0.5%
% Black	2.7%	-41.3%
% Hispanic	3.8%	-44.1%
% Asian	6.1%	125.9%
% Foreign Born	9.8%	63.3%

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Mortgage and Risk — Niantic, CT

According to HUD data as of 2023, there were 274 mortgage originations in Niantic, CT, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Niantic, CT. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	274
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	1.0%
% Second Loans	9.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Niantic, CT

As of 2024, the percent of homes in Niantic, CT under the Section 8 program is 5.8%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Niantic, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	189
Total Units Section 8	87
% Rentals under Section 8	5.8%
% Occupied Section 8	95.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$160	$1,650	$1,490
2 Bedroom	-$170	$2,000	$1,830
3 Bedroom	-$430	$2,800	$2,370
4 Bedroom	$70	$3,000	$3,070

Niantic, CT—06357

Key Metrics at a Glance

Home Price Trends — Niantic, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Niantic, CT

% of Rental Stock

Property Listings — Niantic, CT

Demographics — Niantic, CT

Race and Ethnicity

Mortgage and Risk — Niantic, CT

Mortgages

Rentals and Section 8 — Niantic, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Niantic, CT

Home Price to Income Ratio

Niantic, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Waterford, CT

East Lyme, CT

New London, CT

Old Lyme, CT

Waterford, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$491,000
Median Household Income	$98,900

Niantic, CT—06357

Key Metrics at a Glance

Home Price Trends — Niantic, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Niantic, CT

% of Rental Stock

Property Listings — Niantic, CT

Demographics — Niantic, CT

Race and Ethnicity

Mortgage and Risk — Niantic, CT

Mortgages

Rentals and Section 8 — Niantic, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Niantic, CT

Home Price to Income Ratio

Niantic, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Waterford, CT

East Lyme, CT

New London, CT

Old Lyme, CT

Waterford, CT

Frequently Asked Questions

What is the average home price in Niantic, CT 06357?

How have home prices in Niantic, CT 06357 changed over the past year?

What is the home price projection for Niantic, CT 06357?

What are the demographics of Niantic, CT 06357?

How long does it take homes to sell in Niantic, CT 06357?

What is the average rent price in Niantic, CT 06357?