Niantic, CT—06357
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Niantic, CT
As of Oct '25, the median home price in Niantic, CT is $490,000, with a year-over-year change of 7.5%. This indicates that home prices in Niantic, CT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $490,000 | 7.5% |
| Single Family | $497,000 | 7.8% |
| Condos | $462,000 | 8.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $304,000 | 8.2% |
2 Bed | $396,000 | 7.3% |
3 Bed | $491,000 | 7.4% |
4 Bed | $592,000 | 9.0% |
| 5 Bed | $936,000 | 9.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Niantic, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Niantic, CT is 44. This is a decrease of -32.0% 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 | $555,000 | -15.0% |
Listing Count | 41 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 44 | -32.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Niantic, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $490,000 |
| Median Household Income | $98,900 |