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Durham, CT—06422

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$506,000
4.2% YoY Growth
Household Income
$152,000
29.1% YoY Growth
Days on Market
25
5.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$1,850
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,650
N/A
3-Bed Rent
$2,500
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Durham, CT

As of May '26, the median home price in Durham, CT is $506,000, with a year-over-year change of 4.2%. This indicates that home prices in Durham, CT are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$506,0004.2%
Single Family $515,0004.0%
Condos $342,0007.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$377,0004.4%
    3 Bed
    		$478,0004.1%
    4 Bed
    		$613,0003.5%
    5 Bed $689,2664.6%
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    % of Housing Stock

    1 Bedroom
    2.7%
    2 Bedrooms
    18.0%
    3 Bedrooms
    49.8%
    4 Bedrooms
    28.2%
    5+ Bedrooms
    1.3%

    Rental Trends — Durham, CT

    Durham, CT lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,850$2,190
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,650$1,720
    3 Bed Rent $2,500$2,900
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    12.0%
    2 Bedrooms
    54.8%
    3 Bedrooms
    33.2%

    Property Listings — Durham, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Durham, CT is 25. This is a decrease of -5.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$695,00017.0%
    Listing Count
    		21-13.0%
    Listings as % of Homes0.6%-13.0%
    Days on Market
    		25-5.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,710
    2 Bedroom$520$1,650$2,170
    3 Bedroom$110$2,500$2,610
    4 BedroomN/AN/A$3,100

    Affordability — Durham, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$506,000
    Median Household Income$152,000

    Durham, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Middlefield, CT

    06455

    Middlefield, CT

    06481

    Middletown, CT

    06457

    Bretton Heights

    06459

    Higganum, CT

    06441

    Frequently Asked Questions