Meriden, CT 06451 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Meriden, CT—06451

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$334,000

5.6% YoY Growth

Household Income

$68,100

25.5% YoY Growth

Days on Market

13.0% Longer YoY

Home Price Forecast

2.4%

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 — Meriden, CT

As of May '26, the median home price in Meriden, CT is $334,000, with a year-over-year change of 5.6%. This indicates that home prices in Meriden, CT are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$334,000	5.6%
Single Family	$340,000	5.6%
Condos	$251,000	5.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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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 May '26, Realtor.com reports that the median days on market for a home in Meriden, CT is 32. This is a increase of 13.0% 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	$352,000	9.0%
Listing Count	44	-14.0%
Listings as % of Homes	0.5%	-14.0%
Days on Market	32	13.0%

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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.

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%

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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

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%

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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

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%

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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 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

Meriden, CT—06451

Key Metrics at a Glance

Other Zip Codes in Meriden, CT

Home Price Trends — Meriden, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Meriden, CT

% of Rental Stock

Property Listings — Meriden, CT

Demographics — Meriden, CT

Race and Ethnicity

Mortgage and Risk — Meriden, CT

Mortgages

Rentals and Section 8 — Meriden, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Meriden, CT

Home Price to Income Ratio

Meriden, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Meriden, CT

Milldale

Berlin, CT

Wallingford, CT

Southington, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$334,000
Median Household Income	$68,100

Meriden, CT—06451

Key Metrics at a Glance

Other Zip Codes in Meriden, CT

Home Price Trends — Meriden, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Meriden, CT

% of Rental Stock

Property Listings — Meriden, CT

Demographics — Meriden, CT

Race and Ethnicity

Mortgage and Risk — Meriden, CT

Mortgages

Rentals and Section 8 — Meriden, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Meriden, CT

Home Price to Income Ratio

Meriden, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Meriden, CT

Milldale

Berlin, CT

Wallingford, CT

Southington, CT

Frequently Asked Questions

What is the average home price in Meriden, CT 06451?

How have home prices in Meriden, CT 06451 changed over the past year?

What is the home price projection for Meriden, CT 06451?

What are the demographics of Meriden, CT 06451?

How long does it take homes to sell in Meriden, CT 06451?

What is the average rent price in Meriden, CT 06451?