Durham, CT—06422
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Durham, CT
As of Oct '25, the median home price in Durham, CT is $484,000, with a year-over-year change of 4.7%. This indicates that home prices in Durham, 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 | $484,000 | 4.7% |
| Single Family | $493,000 | 4.7% |
| Condos | $335,000 | 8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $361,000 | 3.4% |
3 Bed | $454,000 | 4.1% |
4 Bed | $588,000 | 4.1% |
| 5 Bed | $669,000 | 3.6% |
% of Housing Stock
Rental Trends — Durham, CT
Durham, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,650 | $1,720 |
| 3 Bed Rent | $2,500 | $2,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Durham, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Durham, CT is 84. This is a increase of 190.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $899,000 | 31.0% |
Listing Count | 18 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 84 | 190.0% |
Demographics — Durham, CT
As of the latest ACS Survey released in 2023, Durham, CT has a population of 7,180, which has remained stable by -0.9% over the past 5 years. Durham, CT is a moderately popular place for families, as children make up 16.3% of the population. The area has a highly educated workforce, with 47.9% 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 | 7,180 | -0.9% |
% Under 18 | 16.3% | -18.9% |
% Seniors | 20.2% | 18.8% |
% WFH | 18.6% | 111.4% |
% w/ College Degree | 47.9% | -2.6% |
As of the latest ACS Survey released in 2023, Durham, CT is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Durham, CT is hispanic, making up 3.2% of the population. Foreign-born residents account for 3.7% of the population in Durham, CT, and this percentage has increased by 640.0% 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 | 88.2% | -8.5% |
% Black | 0.1% | 0.0% |
% Hispanic | 3.2% | 128.6% |
% Asian | 2.0% | 233.3% |
% Foreign Born | 3.7% | 640.0% |
Mortgage and Risk — Durham, CT
According to HUD data as of 2023, there were 164 mortgage originations in Durham, CT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Durham, CT. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Durham, CT
Durham, 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 | N/A | N/A | $1,710 |
| 2 Bedroom | $520 | $1,650 | $2,170 |
| 3 Bedroom | $110 | $2,500 | $2,610 |
| 4 Bedroom | N/A | N/A | $3,100 |
Affordability — Durham, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $484,000 |
| Median Household Income | $152,000 |