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Meriden, CT—06451

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$316,000
5.1% YoY Growth
Household Income
$68,100
25.5% YoY Growth
Days on Market
63
19.0% Longer YoY
Home Price Forecast
3.6%
Median Rent
$1,600
1.1% YoY Growth
1-Bed Rent
$1,420
N/A
2-Bed Rent
$1,650
2.3% YoY Growth
3-Bed Rent
$2,100
N/A

Other Zip Codes in Meriden, CT

06450
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Meriden, CT

As of Dec '25, the median home price in Meriden, CT is $316,000, with a year-over-year change of 5.1%. This indicates that home prices in Meriden, CT are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$316,0005.1%
Single Family $321,0005.2%
Condos $242,0006.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$264,0006.0%
    3 Bed
    		$329,0005.1%
    4 Bed
    		$336,0005.7%
    5 Bed $358,2065.6%
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    % of Housing Stock

    Studio
    3.8%
    1 Bedroom
    13.1%
    2 Bedrooms
    32.3%
    3 Bedrooms
    36.2%
    4 Bedrooms
    12.9%
    5+ Bedrooms
    1.6%

    Rental Trends — Meriden, CT

    As of July '25, Rentcast reports the average rent in Meriden, CT is $1,730, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Meriden, CT is studios: $1,200, 1-bedrooms: $1,410, 2-bedrooms: $1,710, 3-bedrooms: $2,240, 4-bedrooms: $2,160. The most common rental property sizes in Meriden, CT are 2-bedroom and 1-bedroom, accounting for 41.0% and 28.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,730
    Studio Rent $1,200$1,200
    1 Bed Rent $1,420$1,410
    2 Bed Rent $1,650$1,710
    3 Bed Rent $2,100$2,240
    4 Bed Rent $1,900$2,160
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    % of Rental Stock

    Studio
    5.6%
    1 Bedroom
    28.3%
    2 Bedrooms
    41.0%
    3 Bedrooms
    19.9%
    4 Bedrooms
    5.2%

    Property Listings — Meriden, CT

    As of Dec '25, Realtor.com reports that the median days on market for a home in Meriden, CT is 42. This is a increase of 7.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,0005.0%
    Listing Count
    		6622.0%
    Listings as % of Homes0.5%22.0%
    Days on Market
    		6319.0%
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    Demographics — Meriden, CT

    As of the latest ACS Survey released in 2023, Meriden, CT has a population of 24,500, which has decreased by -2.2% over the past 5 years. Meriden, CT is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		24,500-2.2%
    % Under 18
    		21.8%13.5%
    % Seniors
    		14.7%-6.4%
    % WFH
    		5.4%74.2%
    % w/ College Degree
    		21.5%-6.9%
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    As of the latest ACS Survey released in 2023, Meriden, CT is a predominantly white area, with 46.4% of the population identifying as white. The white population has shrunk by 19.0% in the last 5 years. The second most common race or ethnicity in Meriden, CT is hispanic, making up 40.0% of the population. Foreign-born residents account for 10.8% of the population in Meriden, CT, and this percentage has increased by 21.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		46.4%-19.0%
    % Black
    		8.9%-25.8%
    % Hispanic
    		40.0%40.8%
    % Asian
    		2.2%120.0%
    % Foreign Born
    		10.8%21.3%
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    Mortgage and Risk — Meriden, CT

    According to HUD data as of 2023, there were 446 mortgage originations in Meriden, CT, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		446
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Meriden, CT

    As of 2024, the percent of homes in Meriden, CT under the Section 8 program is 22.5%. 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. 4-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 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		996
    Total Units Section 8
    		996
    % Rentals under Section 8
    		22.5%
    % Occupied Section 8
    		93.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$70$1,420$1,350
    2 Bedroom$0$1,650$1,650
    3 Bedroom-$50$2,100$2,050
    4 Bedroom$410$1,900$2,310

    Affordability — Meriden, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$316,000
    Median Household Income$68,100

    Meriden, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Meriden, CT

    06450

    Milldale

    06467

    Berlin, CT

    06037

    Wallingford, CT

    06492

    Southington, CT

    06489

    Frequently Asked Questions