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Stonington, CT—06379

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$480,000
5.2% YoY Growth
Household Income
$87,400
32.0% YoY Growth
Days on Market
38
47.0% Longer YoY
Home Price Forecast
2.8%
Median Rent
$2,200
22.9% YoY Growth
1-Bed Rent
$1,500
N/A
2-Bed Rent
$1,860
N/A
3-Bed Rent
$2,600
17.7% YoY Growth

Other Zip Codes in Stonington, CT

06378
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Stonington, CT

As of May '26, the median home price in Stonington, CT is $480,000, with a year-over-year change of 5.2%. This indicates that home prices in Stonington, CT are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$480,0005.2%
Single Family $489,0005.4%
Condos $341,0005.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$387,0005.2%
    3 Bed
    		$475,0005.3%
    4 Bed
    		$641,0006.1%
    5 Bed $734,1464.8%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    10.7%
    2 Bedrooms
    26.1%
    3 Bedrooms
    41.2%
    4 Bedrooms
    18.4%
    5+ Bedrooms
    2.3%

    Rental Trends — Stonington, CT

    As of July '25, Rentcast reports the average rent in Stonington, CT is $2,390, with a year-over-year rent change of -22.9%. Per bedroom, the median rent as of July '25 in Stonington, CT is 1-bedrooms: $1,500, 2-bedrooms: $1,860, 3-bedrooms: $2,550. The most common rental property sizes in Stonington, CT are 2-bedroom and 3-bedroom, accounting for 40.4% and 30.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,200$2,390
    Studio Rent N/AN/A
    1 Bed Rent $1,500$1,500
    2 Bed Rent $1,860$1,860
    3 Bed Rent $2,600$2,550
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    1.8%
    1 Bedroom
    21.2%
    2 Bedrooms
    40.4%
    3 Bedrooms
    30.8%
    4 Bedrooms
    5.8%

    Property Listings — Stonington, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Stonington, CT is 38. This is a increase of 47.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$865,0008.0%
    Listing Count
    		22-15.0%
    Listings as % of Homes0.3%-15.0%
    Days on Market
    		3847.0%
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    Demographics — Stonington, CT

    As of the latest ACS Survey released in 2023, Stonington, CT has a population of 9,000, which has increased by 1.7% over the past 5 years. Stonington, CT is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 41.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,0001.7%
    % Under 18
    		23.4%8.8%
    % Seniors
    		19.7%6.5%
    % WFH
    		9.5%313.0%
    % w/ College Degree
    		41.3%5.9%
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    As of the latest ACS Survey released in 2023, Stonington, CT is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Stonington, CT is hispanic, making up 3.4% of the population. Foreign-born residents account for 4.6% of the population in Stonington, CT, and this percentage has increased by 21.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		84.3%-5.5%
    % Black
    		2.8%16.7%
    % Hispanic
    		3.4%-41.4%
    % Asian
    		2.5%66.7%
    % Foreign Born
    		4.6%21.1%
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    Mortgage and Risk — Stonington, CT

    According to HUD data as of 2023, there were 136 mortgage originations in Stonington, CT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Stonington, CT. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		136
    % Conventional Loans
    		92.0%
    % Government Loans
    		8.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Stonington, CT

    Stonington, CT lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		251
    Total Units Section 8
    		177
    % Rentals under Section 8
    		14.2%
    % Occupied Section 8
    		96.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$260$1,500$1,240
    2 Bedroom-$340$1,860$1,520
    3 Bedroom-$630$2,600$1,970
    4 BedroomN/AN/A$2,550

    Affordability — Stonington, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$480,000
    Median Household Income$87,400

    Stonington, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Stonington, CT

    06378

    Westerly, RI

    02891

    North Stonington, CT

    06359

    Hopkinton, RI

    02804

    Groton, CT

    06355

    Frequently Asked Questions