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Montville, CT—06382

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$320,000
1.5% YoY Growth
Household Income
$85,000
23.9% YoY Growth
Days on Market
52
17.0% Shorter YoY
Home Price Forecast
3.8%
Median Rent
$1,600
28.4% YoY Growth
1-Bed Rent
$1,400
N/A
2-Bed Rent
$1,600
N/A
3-Bed Rent
N/A
N/A

Other Zip Codes in Montville, CT

06370
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Montville, CT

As of Dec '25, the median home price in Montville, CT is $320,000, with a year-over-year change of 1.5%. This indicates that home prices in Montville, CT are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$320,0001.5%
Single Family $325,0001.2%
Condos $203,0005.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$270,0001.5%
    3 Bed
    		$327,0001.9%
    4 Bed
    		$369,0002.5%
    5 Bed $385,1832.0%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    10.4%
    2 Bedrooms
    23.6%
    3 Bedrooms
    42.1%
    4 Bedrooms
    20.6%
    5+ Bedrooms
    3.0%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,600$2,040
    Studio Rent N/AN/A
    1 Bed Rent $1,400$1,400
    2 Bed Rent $1,600$1,740
    3 Bed Rent N/AN/A
    4 Bed Rent $3,250$3,250
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    % of Rental Stock

    Studio
    1.3%
    1 Bedroom
    36.0%
    2 Bedrooms
    40.7%
    3 Bedrooms
    19.7%
    4 Bedrooms
    1.9%
    5+ Bedrooms
    0.4%

    Property Listings — Montville, CT

    As of Dec '25, Realtor.com reports that the median days on market for a home in Montville, CT is 41. This is a decrease of -13.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$387,0000.0%
    Listing Count
    		270.0%
    Listings as % of Homes0.6%0.0%
    Days on Market
    		52-17.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$140$1,400$1,260
    2 Bedroom-$60$1,600$1,540
    3 BedroomN/AN/A$2,000
    4 Bedroom-$670$3,250$2,580

    Affordability — Montville, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$320,000
    Median Household Income$85,000

    Montville, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Palmertown, CT

    06353

    Waterford, CT

    06375

    Ledyard, CT

    06335

    Montville, CT

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    Norwich, CT

    06360

    Frequently Asked Questions