Cheshire, CT—06410
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cheshire, CT
As of Oct '25, the median home price in Cheshire, CT is $517,000, with a year-over-year change of 6.8%. This indicates that home prices in Cheshire, CT are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $517,000 | 6.8% |
| Single Family | $548,000 | 7.0% |
| Condos | $318,000 | 7.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | 8.5% |
2 Bed | $334,000 | 7.1% |
3 Bed | $469,000 | 6.8% |
4 Bed | $639,000 | 6.3% |
| 5 Bed | $686,000 | 6.5% |
% of Housing Stock
Rental Trends — Cheshire, CT
As of July '25, Rentcast reports the average rent in Cheshire, CT is $2,660, with a year-over-year rent change of -11.3%. Per bedroom, the median rent as of July '25 in Cheshire, CT is studios: $2,100, 1-bedrooms: $1,450, 2-bedrooms: $2,210, 3-bedrooms: $2,690, 4-bedrooms: $3,950. The most common rental property sizes in Cheshire, CT are 2-bedroom and 1-bedroom, accounting for 49.4% and 36.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,660 |
| Studio Rent | $2,100 | $2,100 |
| 1 Bed Rent | $1,300 | $1,450 |
| 2 Bed Rent | $1,900 | $2,210 |
| 3 Bed Rent | $2,700 | $2,690 |
| 4 Bed Rent | $3,900 | $3,950 |
% of Rental Stock
Property Listings — Cheshire, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Cheshire, CT is 64. This is a increase of 37.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $687,000 | 13.0% |
Listing Count | 137 | 27.0% |
| Listings as % of Homes | 0.8% | 27.0% |
Days on Market | 64 | 37.0% |
Demographics — Cheshire, CT
As of the latest ACS Survey released in 2023, Cheshire, CT has a population of 28,800, which has decreased by -1.2% over the past 5 years. Cheshire, CT is a moderately popular place for families, as children make up 22.1% of the population. The area has a highly educated workforce, with 62.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,800 | -1.2% |
% Under 18 | 22.1% | 15.7% |
% Seniors | 20.1% | 12.3% |
% WFH | 18.6% | 135.4% |
% w/ College Degree | 62.2% | 15.6% |
As of the latest ACS Survey released in 2023, Cheshire, CT is a predominantly white area, with 73.3% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Cheshire, CT is asian, making up 9.7% of the population. Foreign-born residents account for 13.0% of the population in Cheshire, CT, and this percentage has increased by 28.7% 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 | 73.3% | -8.9% |
% Black | 2.8% | -42.9% |
% Hispanic | 6.8% | 65.9% |
% Asian | 9.7% | 26.0% |
% Foreign Born | 13.0% | 28.7% |
Mortgage and Risk — Cheshire, CT
According to HUD data as of 2023, there were 568 mortgage originations in Cheshire, CT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Cheshire, CT. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 568 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cheshire, CT
As of 2024, the percent of homes in Cheshire, CT under the Section 8 program is 12.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Cheshire, CT, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 159 |
Total Units Section 8 | 159 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 95.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,300 | $1,500 |
| 2 Bedroom | -$70 | $1,900 | $1,830 |
| 3 Bedroom | -$430 | $2,700 | $2,270 |
| 4 Bedroom | -$1,330 | $3,900 | $2,570 |
Affordability — Cheshire, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $517,000 |
| Median Household Income | $151,000 |