Essex, CT—06409
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Essex, CT
As of Oct '25, the median home price in Essex, CT is $482,000, with a year-over-year change of 6.9%. This indicates that home prices in Essex, CT are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $482,000 | 6.9% |
| Single Family | $483,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $488,000 | 8.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Essex, CT
Essex, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Essex, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Essex, CT is 20. This is a decrease of -26.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -20.0% |
Listing Count | 3 | 29.0% |
| Listings as % of Homes | 0.7% | 29.0% |
Days on Market | 20 | -26.0% |
Demographics — Essex, CT
As of the latest ACS Survey released in 2023, Essex, CT has a population of 858, which has increased by 84.1% over the past 5 years. Essex, CT is a popular place for families, as children make up 28.4% of the population. The area has a moderately educated workforce, with 43.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 858 | 84.1% |
% Under 18 | 28.4% | 94.5% |
% Seniors | 15.2% | -46.7% |
% WFH | 14.6% | ∞% |
% w/ College Degree | 43.0% | 41.9% |
As of the latest ACS Survey released in 2023, Essex, CT is a predominantly white area, with 71.4% of the population identifying as white. The white population has shrunk by 27.1% in the last 5 years. The second most common race or ethnicity in Essex, CT is asian, making up 16.7% of the population. Foreign-born residents account for 13.5% of the population in Essex, CT, and this percentage has increased by 542.9% 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 | 71.4% | -27.1% |
% Black | 6.9% | ∞% |
% Hispanic | 2.4% | 14.3% |
% Asian | 16.7% | ∞% |
% Foreign Born | 13.5% | 542.9% |
Mortgage and Risk — Essex, CT
Essex, CT lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Essex, CT
Essex, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,200 | $1,200 |
| 2 Bedroom | N/A | N/A | $1,550 |
| 3 Bedroom | N/A | N/A | $2,090 |
| 4 Bedroom | N/A | N/A | $2,620 |
Affordability — Essex, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $482,000 |
| Median Household Income | $103,000 |