Montville, CT—06382
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 $322,000, with a year-over-year change of 1.8%. This indicates that home prices in Montville, 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 | $322,000 | 1.8% |
| Single Family | $326,000 | 1.2% |
| Condos | $201,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $271,000 | 1.1% |
3 Bed | $328,000 | 1.9% |
4 Bed | $370,000 | 2.2% |
| 5 Bed | $387,000 | 1.8% |
% of Housing Stock
Rental Trends — Montville, CT
As of July '25, Rentcast reports the average rent in Montville, CT is $2,040, with a year-over-year rent change of -28.4%. Per bedroom, the median rent as of July '25 in Montville, CT is 1-bedrooms: $1,400, 2-bedrooms: $1,740, 4-bedrooms: $3,250. The most common rental property sizes in Montville, CT are 2-bedroom and 1-bedroom, accounting for 40.7% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,600 | $1,740 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,250 | $3,250 |
% 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 54. This is a decrease of -18.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $402,000 | -2.0% |
Listing Count | 28 | -10.0% |
| Listings as % of Homes | 0.6% | -10.0% |
Days on Market | 54 | -18.0% |
Demographics — Montville, CT
As of the latest ACS Survey released in 2023, Montville, CT has a population of 10,100, which has decreased by -15.8% over the past 5 years. Montville, CT is a less popular place for families, as children make up 14.0% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,100 | -15.8% |
% Under 18 | 14.0% | -18.6% |
% Seniors | 18.2% | 4.0% |
% WFH | 4.9% | 512.5% |
% w/ College Degree | 20.9% | 4.0% |
As of the latest ACS Survey released in 2023, Montville, CT is a predominantly white area, with 67.0% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Montville, CT is hispanic, making up 11.6% of the population. Foreign-born residents account for 9.0% of the population in Montville, 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 | 67.0% | -3.2% |
% Black | 6.6% | -12.0% |
% Hispanic | 11.6% | 24.7% |
% Asian | 8.0% | 8.1% |
% Foreign Born | 9.0% | -17.4% |
Mortgage and Risk — Montville, CT
According to HUD data as of 2023, there were 235 mortgage originations in Montville, CT, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Montville, CT. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 235 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
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 | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,400 | $1,260 |
| 2 Bedroom | -$60 | $1,600 | $1,540 |
| 3 Bedroom | N/A | N/A | $2,000 |
| 4 Bedroom | -$670 | $3,250 | $2,580 |
Affordability — Montville, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $322,000 |
| Median Household Income | $85,000 |