Higganum, CT—06441
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Higganum, CT
As of Oct '25, the median home price in Higganum, CT is $470,000, with a year-over-year change of 5.0%. This indicates that home prices in Higganum, CT are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $470,000 | 5.0% |
| Single Family | $470,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $353,000 | 3.2% |
3 Bed | $445,000 | 5.0% |
4 Bed | $604,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Higganum, CT
Higganum, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Higganum, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Higganum, CT is 26. This is a increase of 29.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $641,000 | 19.0% |
Listing Count | 17 | -8.0% |
| Listings as % of Homes | 0.5% | -8.0% |
Days on Market | 26 | 29.0% |
Demographics — Higganum, CT
As of the latest ACS Survey released in 2023, Higganum, CT has a population of 5,320, which has increased by 5.9% over the past 5 years. Higganum, CT is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,320 | 5.9% |
% Under 18 | 20.9% | -2.3% |
% Seniors | 18.1% | -4.7% |
% WFH | 8.9% | 4.7% |
% w/ College Degree | 42.7% | -9.7% |
As of the latest ACS Survey released in 2023, Higganum, CT is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Higganum, CT is asian, making up 7.6% of the population. Foreign-born residents account for 6.4% of the population in Higganum, CT, and this percentage has increased by 6.7% 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 | 82.7% | -9.2% |
% Black | 1.3% | -13.3% |
% Hispanic | 6.9% | 200.0% |
% Asian | 7.6% | 58.3% |
% Foreign Born | 6.4% | 6.7% |
Mortgage and Risk — Higganum, CT
According to HUD data as of 2023, there were 93 mortgage originations in Higganum, CT, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Higganum, CT. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Higganum, CT
Higganum, 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 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | N/A | N/A | $1,620 |
| 3 Bedroom | N/A | N/A | $2,010 |
| 4 Bedroom | N/A | N/A | $2,470 |
Affordability — Higganum, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $470,000 |
| Median Household Income | $111,000 |