Colchester, CT 06415 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Colchester, CT—06415

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$416,000

5.0% YoY Growth

Household Income

$120,000

16.1% YoY Growth

Days on Market

40.0% Longer YoY

Home Price Forecast

3.6%

Median Rent

$2,600

1.7% YoY Growth

1-Bed Rent

$1,280

N/A

2-Bed Rent

$1,600

29.6% YoY Growth

3-Bed Rent

$2,700

N/A

Home Price Trends — Colchester, CT

As of Dec '25, the median home price in Colchester, CT is $416,000, with a year-over-year change of 5.0%. This indicates that home prices in Colchester, CT are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$416,000	5.0%
Single Family	$420,000	4.7%
Condos	$363,000	9.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Colchester, CT

As of July '25, Rentcast reports the average rent in Colchester, CT is $2,260, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Colchester, CT is 1-bedrooms: $1,300, 2-bedrooms: $1,620, 3-bedrooms: $2,810, 4-bedrooms: $3,180. The most common rental property sizes in Colchester, CT are 2-bedroom and 1-bedroom, accounting for 43.6% and 35.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$2,260
Studio Rent	N/A	N/A
1 Bed Rent	$1,280	$1,300
2 Bed Rent	$1,600	$1,620
3 Bed Rent	$2,700	$2,810
4 Bed Rent	$2,850	$3,180

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% of Rental Stock

Studio

5.0%

1 Bedroom

35.0%

2 Bedrooms

43.6%

3 Bedrooms

12.5%

4 Bedrooms

3.9%

Property Listings — Colchester, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Colchester, CT is 53. This is a increase of 20.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$555,000	11.0%
Listing Count	49	38.0%
Listings as % of Homes	0.6%	38.0%
Days on Market	80	40.0%

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Demographics — Colchester, CT

As of the latest ACS Survey released in 2023, Colchester, CT has a population of 16,100, which has decreased by -3.4% over the past 5 years. Colchester, CT is a moderately popular place for families, as children make up 22.0% of the population. The area has a highly educated workforce, with 46.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,100	-3.4%
% Under 18	22.0%	-5.6%
% Seniors	18.8%	37.2%
% WFH	15.1%	208.2%
% w/ College Degree	46.2%	15.5%

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As of the latest ACS Survey released in 2023, Colchester, CT is a predominantly white area, with 89.2% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Colchester, CT is hispanic, making up 5.0% of the population. Foreign-born residents account for 6.1% of the population in Colchester, CT, and this percentage has increased by 45.2% 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	89.2%	-1.7%
% Black	2.1%	40.0%
% Hispanic	5.0%	42.9%
% Asian	0.7%	-69.6%
% Foreign Born	6.1%	45.2%

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Mortgage and Risk — Colchester, CT

According to HUD data as of 2023, there were 322 mortgage originations in Colchester, CT, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Colchester, CT. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	322
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Colchester, CT

As of 2024, the percent of homes in Colchester, CT under the Section 8 program is 2.8%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Colchester, CT, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	39
Total Units Section 8	39
% Rentals under Section 8	2.8%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$110	$1,280	$1,390
2 Bedroom	$220	$1,600	$1,820
3 Bedroom	-$300	$2,700	$2,400
4 Bedroom	$160	$2,850	$3,010

Colchester, CT—06415

Key Metrics at a Glance

Home Price Trends — Colchester, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colchester, CT

% of Rental Stock

Property Listings — Colchester, CT

Demographics — Colchester, CT

Race and Ethnicity

Mortgage and Risk — Colchester, CT

Mortgages

Rentals and Section 8 — Colchester, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Colchester, CT

Home Price to Income Ratio

Colchester, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Hebron, CT

East Haddam, CT

Salem, CT

East Haddam, CT

Lebanon, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$416,000
Median Household Income	$120,000

Colchester, CT—06415

Key Metrics at a Glance

Home Price Trends — Colchester, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colchester, CT

% of Rental Stock

Property Listings — Colchester, CT

Demographics — Colchester, CT

Race and Ethnicity

Mortgage and Risk — Colchester, CT

Mortgages

Rentals and Section 8 — Colchester, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Colchester, CT

Home Price to Income Ratio

Colchester, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Hebron, CT

East Haddam, CT

Salem, CT

East Haddam, CT

Lebanon, CT

Frequently Asked Questions

What is the average home price in Colchester, CT 06415?

How have home prices in Colchester, CT 06415 changed over the past year?

What is the home price projection for Colchester, CT 06415?

What are the demographics of Colchester, CT 06415?

How long does it take homes to sell in Colchester, CT 06415?

What is the average rent price in Colchester, CT 06415?