Essex, CT—06426
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 $729,000, with a year-over-year change of 4.5%. This indicates that home prices in Essex, 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 | $729,000 | 4.5% |
| Single Family | $793,000 | 4.5% |
| Condos | $394,000 | 7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $469,000 | 4.0% |
3 Bed | $735,000 | 4.3% |
4 Bed | $958,000 | 3.5% |
| 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 | $1,800 | $2,110 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $1,550 | $1,810 |
| 2 Bed Rent | $2,200 | $2,820 |
| 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 76. This is a decrease of -9.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,350,000 | 24.0% |
Listing Count | 22 | -13.0% |
| Listings as % of Homes | 1.3% | -13.0% |
Days on Market | 76 | -9.0% |
Demographics — Essex, CT
As of the latest ACS Survey released in 2023, Essex, CT has a population of 3,280, which has decreased by -6.4% over the past 5 years. Essex, CT is a less popular place for families, as children make up 11.7% of the population. The area has a highly educated workforce, with 66.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,280 | -6.4% |
% Under 18 | 11.7% | -4.1% |
% Seniors | 34.9% | -14.3% |
% WFH | 24.5% | 206.2% |
% w/ College Degree | 66.2% | 0.5% |
As of the latest ACS Survey released in 2023, Essex, CT is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 7.5% in the last 5 years. The second most common race or ethnicity in Essex, CT is hispanic, making up 2.4% of the population. Foreign-born residents account for 9.2% of the population in Essex, CT, and this percentage has increased by 19.5% 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 | 92.9% | 7.5% |
% Black | 0.7% | -89.9% |
% Hispanic | 2.4% | 300.0% |
% Asian | 0.4% | -87.9% |
% Foreign Born | 9.2% | 19.5% |
Mortgage and Risk — Essex, CT
According to HUD data as of 2023, there were 67 mortgage originations in Essex, CT, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Essex, CT. Investor activity is low, as 3.0% 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 | 67 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Essex, CT
Essex, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,550 | $1,400 |
| 2 Bedroom | -$410 | $2,200 | $1,790 |
| 3 Bedroom | N/A | N/A | $2,330 |
| 4 Bedroom | N/A | N/A | $3,000 |
Affordability — Essex, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $729,000 |
| Median Household Income | $104,000 |