Meriden, CT—06450
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Meriden, CT
Home Price Trends — Meriden, CT
As of Oct '25, the median home price in Meriden, CT is $309,000, with a year-over-year change of 5.0%. This indicates that home prices in Meriden, CT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $309,000 | 5.0% |
| Single Family | $338,000 | 4.6% |
| Condos | $215,000 | 8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $117,000 | 1.7% |
2 Bed | $249,000 | 6.9% |
3 Bed | $342,000 | 4.6% |
4 Bed | $374,000 | 4.8% |
| 5 Bed | $395,000 | 4.5% |
% of Housing Stock
Rental Trends — Meriden, CT
As of July '25, Rentcast reports the average rent in Meriden, CT is $1,840, with a year-over-year rent change of -26.4%. Per bedroom, the median rent as of July '25 in Meriden, CT is studios: $1,490, 1-bedrooms: $1,370, 2-bedrooms: $1,930, 3-bedrooms: $1,960, 4-bedrooms: $2,530. The most common rental property sizes in Meriden, CT are 2-bedroom and 1-bedroom, accounting for 43.5% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,770 | $1,840 |
| Studio Rent | $1,300 | $1,490 |
| 1 Bed Rent | $1,400 | $1,370 |
| 2 Bed Rent | $1,800 | $1,930 |
| 3 Bed Rent | $1,800 | $1,960 |
| 4 Bed Rent | $2,400 | $2,530 |
% of Rental Stock
Property Listings — Meriden, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Meriden, CT is 26. This is a increase of 35.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $312,000 | 11.0% |
Listing Count | 77 | -9.0% |
| Listings as % of Homes | 0.4% | -9.0% |
Days on Market | 26 | 35.0% |
Demographics — Meriden, CT
As of the latest ACS Survey released in 2023, Meriden, CT has a population of 35,900, which has increased by 2.9% over the past 5 years. Meriden, CT is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,900 | 2.9% |
% Under 18 | 21.4% | 24.4% |
% Seniors | 15.6% | -10.3% |
% WFH | 8.8% | 104.7% |
% w/ College Degree | 22.7% | 2.3% |
As of the latest ACS Survey released in 2023, Meriden, CT is a predominantly white area, with 51.1% of the population identifying as white. The white population has shrunk by 17.3% in the last 5 years. The second most common race or ethnicity in Meriden, CT is hispanic, making up 36.1% of the population. Foreign-born residents account for 10.5% of the population in Meriden, CT, and this percentage has increased by 22.1% 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 | 51.1% | -17.3% |
% Black | 8.1% | -10.0% |
% Hispanic | 36.1% | 35.7% |
% Asian | 2.5% | 38.9% |
% Foreign Born | 10.5% | 22.1% |
Mortgage and Risk — Meriden, CT
According to HUD data as of 2023, there were 593 mortgage originations in Meriden, CT, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Meriden, CT. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 593 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Meriden, CT
As of 2024, the percent of homes in Meriden, CT under the Section 8 program is 17.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Meriden, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,169 |
Total Units Section 8 | 950 |
% Rentals under Section 8 | 17.3% |
% Occupied Section 8 | 92.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,400 | $1,360 |
| 2 Bedroom | -$140 | $1,800 | $1,660 |
| 3 Bedroom | $260 | $1,800 | $2,060 |
| 4 Bedroom | -$70 | $2,400 | $2,330 |
Affordability — Meriden, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $309,000 |
| Median Household Income | $69,000 |