Middletown, CT—06457
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middletown, CT
As of Oct '25, the median home price in Middletown, CT is $346,000, with a year-over-year change of 4.9%. This indicates that home prices in Middletown, CT are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 4.9% |
| Single Family | $376,000 | 4.2% |
| Condos | $226,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $158,000 | 3.9% |
2 Bed | $262,000 | 5.6% |
3 Bed | $367,000 | 4.3% |
4 Bed | $452,000 | 4.9% |
| 5 Bed | $457,000 | 5.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Middletown, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Middletown, CT is 29. This is a increase of 24.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -1.0% |
Listing Count | 117 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 29 | 24.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Middletown, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $346,000 |
| Median Household Income | $74,000 |