Montville, CT—06370
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Montville, CT
Home Price Trends — Montville, CT
As of Oct '25, the median home price in Montville, CT is $375,000, with a year-over-year change of 4.6%. This indicates that home prices in Montville, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $375,000 | 4.6% |
| Single Family | $379,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 3.6% |
3 Bed | $367,000 | 4.0% |
4 Bed | $435,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montville, CT
Montville, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,900 | $1,900 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Montville, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Montville, CT is 21. This is a increase of 19.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $442,000 | 37.0% |
Listing Count | 27 | -18.0% |
| Listings as % of Homes | 0.6% | -18.0% |
Days on Market | 21 | 19.0% |
Demographics — Montville, CT
As of the latest ACS Survey released in 2023, Montville, CT has a population of 7,550, which has increased by 8.9% over the past 5 years. Montville, CT is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,550 | 8.9% |
% Under 18 | 21.5% | 19.4% |
% Seniors | 14.6% | -9.3% |
% WFH | 5.7% | 32.6% |
% w/ College Degree | 31.6% | 44.3% |
As of the latest ACS Survey released in 2023, Montville, CT is a predominantly white area, with 85.8% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Montville, CT is black, making up 4.2% of the population. Foreign-born residents account for 4.6% of the population in Montville, CT, and this percentage has decreased by 8.0% 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 | 85.8% | 0.9% |
% Black | 4.2% | 250.0% |
% Hispanic | 2.9% | -47.3% |
% Asian | 1.3% | -58.1% |
% Foreign Born | 4.6% | -8.0% |
Mortgage and Risk — Montville, CT
According to HUD data as of 2023, there were 112 mortgage originations in Montville, CT, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Montville, CT. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Montville, CT
Montville, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,140 |
| 2 Bedroom | -$490 | $1,900 | $1,410 |
| 3 Bedroom | -$670 | $2,500 | $1,830 |
| 4 Bedroom | -$430 | $2,800 | $2,370 |
Affordability — Montville, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $375,000 |
| Median Household Income | $101,000 |