Meriden, CT—06451
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 $319,000, 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 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 5.0% |
| Single Family | $325,000 | 4.8% |
| Condos | $242,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $268,000 | 6.3% |
3 Bed | $333,000 | 5.0% |
4 Bed | $339,000 | 5.0% |
| 5 Bed | $362,000 | 5.5% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 39. This is a increase of 12.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | 7.0% |
Listing Count | 66 | 11.0% |
| Listings as % of Homes | 0.5% | 11.0% |
Days on Market | 39 | 12.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $319,000 |
| Median Household Income | $68,100 |