Middletown, CT 06457 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Middletown, CT—06457

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$343,000

4.6% YoY Growth

Household Income

$74,000

9.4% YoY Growth

Days on Market

10.0% Shorter YoY

Home Price Forecast

3.2%

Median Rent

$1,700

N/A

1-Bed Rent

$1,490

N/A

2-Bed Rent

$1,800

N/A

3-Bed Rent

$2,150

N/A

Home Price Trends — Middletown, CT

As of Dec '25, the median home price in Middletown, CT is $343,000, with a year-over-year change of 4.6%. This indicates that home prices in Middletown, 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	$343,000	4.6%
Single Family	$373,000	3.9%
Condos	$224,000	5.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Middletown, CT

Middletown, CT lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,780
Studio Rent	$1,350	$1,530
1 Bed Rent	$1,490	$1,520
2 Bed Rent	$1,800	$1,870
3 Bed Rent	$2,150	$2,350
4 Bed Rent	$2,300	$2,320

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% of Rental Stock

Studio

4.7%

1 Bedroom

42.4%

2 Bedrooms

40.2%

3 Bedrooms

9.9%

4 Bedrooms

2.1%

5+ Bedrooms

0.7%

Property Listings — Middletown, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Middletown, CT is 33. This is a increase of 3.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$342,000	-1.0%
Listing Count	111	13.0%
Listings as % of Homes	0.3%	13.0%
Days on Market	44	-10.0%

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Demographics — Middletown, CT

As of the latest ACS Survey released in 2023, Middletown, CT has a population of 46,700, which has remained stable by 0.5% over the past 5 years. Middletown, CT is a less popular place for families, as children make up 14.9% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	46,700	0.5%
% Under 18	14.9%	-14.9%
% Seniors	16.9%	16.6%
% WFH	14.0%	197.9%
% w/ College Degree	40.7%	8.2%

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As of the latest ACS Survey released in 2023, Middletown, CT is a predominantly white area, with 64.5% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Middletown, CT is black, making up 15.4% of the population. Foreign-born residents account for 12.1% of the population in Middletown, CT, and this percentage has decreased by 3.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	64.5%	-4.9%
% Black	15.4%	6.2%
% Hispanic	11.9%	21.4%
% Asian	5.2%	-17.5%
% Foreign Born	12.1%	-3.2%

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Mortgage and Risk — Middletown, CT

According to HUD data as of 2023, there were 859 mortgage originations in Middletown, CT, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Middletown, CT. Investor activity is low, as 3.0% 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	859
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Middletown, CT

As of 2024, the percent of homes in Middletown, CT under the Section 8 program is 20.1%. 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 Middletown, 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	2,297
Total Units Section 8	1,965
% Rentals under Section 8	20.1%
% Occupied Section 8	68.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$140	$1,490	$1,350
2 Bedroom	-$90	$1,800	$1,710
3 Bedroom	-$90	$2,150	$2,060
4 Bedroom	$140	$2,300	$2,440

Middletown, CT—06457

Key Metrics at a Glance

Home Price Trends — Middletown, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Middletown, CT

% of Rental Stock

Property Listings — Middletown, CT

Demographics — Middletown, CT

Race and Ethnicity

Mortgage and Risk — Middletown, CT

Mortgages

Rentals and Section 8 — Middletown, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Middletown, CT

Home Price to Income Ratio

Middletown, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Bretton Heights

Middlefield, CT

Cromwell, CT

Middlefield, CT

Portland, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$343,000
Median Household Income	$74,000

Middletown, CT—06457

Key Metrics at a Glance

Home Price Trends — Middletown, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Middletown, CT

% of Rental Stock

Property Listings — Middletown, CT

Demographics — Middletown, CT

Race and Ethnicity

Mortgage and Risk — Middletown, CT

Mortgages

Rentals and Section 8 — Middletown, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Middletown, CT

Home Price to Income Ratio

Middletown, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Bretton Heights

Middlefield, CT

Cromwell, CT

Middlefield, CT

Portland, CT

Frequently Asked Questions

What is the average home price in Middletown, CT 06457?

How have home prices in Middletown, CT 06457 changed over the past year?

What is the home price projection for Middletown, CT 06457?

What are the demographics of Middletown, CT 06457?

How long does it take homes to sell in Middletown, CT 06457?

What is the average rent price in Middletown, CT 06457?