Essex, CT 06426 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Essex, CT—06426

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$769,000

5.9% YoY Growth

Household Income

$104,000

2.8% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

3.0%

Median Rent

$1,800

N/A

1-Bed Rent

$1,550

N/A

2-Bed Rent

$2,200

N/A

3-Bed Rent

N/A

Other Zip Codes in Essex, CT

06409 06442

Home Price Trends — Essex, CT

As of May '26, the median home price in Essex, CT is $769,000, with a year-over-year change of 5.9%. 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	$769,000	5.9%
Single Family	$842,000	5.6%
Condos	$405,000	4.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

36.3%

2 Bedrooms

58.0%

3 Bedrooms

5.7%

Property Listings — Essex, CT

As of May '26, Realtor.com reports that the median days on market for a home in Essex, CT is 32. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,100,000	-19.0%
Listing Count	28	-12.0%
Listings as % of Homes	1.3%	-12.0%
Days on Market	32	1.0%

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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%

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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%

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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%

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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

Essex, CT—06426

Key Metrics at a Glance

Other Zip Codes in Essex, CT

Home Price Trends — Essex, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Essex, CT

% of Rental Stock

Property Listings — Essex, CT

Demographics — Essex, CT

Race and Ethnicity

Mortgage and Risk — Essex, CT

Mortgages

Rentals and Section 8 — Essex, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Essex, CT

Home Price to Income Ratio

Essex, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Essex, CT

Essex, CT

Old Saybrook, CT

Deep River, CT

Old Lyme, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.3
Median Home Price	$769,000
Median Household Income	$104,000

Essex, CT—06426

Key Metrics at a Glance

Other Zip Codes in Essex, CT

Home Price Trends — Essex, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Essex, CT

% of Rental Stock

Property Listings — Essex, CT

Demographics — Essex, CT

Race and Ethnicity

Mortgage and Risk — Essex, CT

Mortgages

Rentals and Section 8 — Essex, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Essex, CT

Home Price to Income Ratio

Essex, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Essex, CT

Essex, CT

Old Saybrook, CT

Deep River, CT

Old Lyme, CT

Frequently Asked Questions

What is the average home price in Essex, CT 06426?

How have home prices in Essex, CT 06426 changed over the past year?

What is the home price projection for Essex, CT 06426?

What are the demographics of Essex, CT 06426?

How long does it take homes to sell in Essex, CT 06426?

What is the average rent price in Essex, CT 06426?