North Branford, CT—06471
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in North Branford, CT
Home Price Trends — North Branford, CT
As of Oct '25, the median home price in North Branford, CT is $414,000, with a year-over-year change of 1.9%. This indicates that home prices in North Branford, CT are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $414,000 | 1.9% |
| Single Family | $435,000 | 1.4% |
| Condos | $258,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $291,000 | 3.9% |
3 Bed | $420,000 | 1.4% |
4 Bed | $530,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Branford, CT
North Branford, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,750 |
| 2 Bed Rent | $2,100 | $2,150 |
| 3 Bed Rent | $2,900 | $2,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Branford, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in North Branford, CT is 17. This is a increase of 11.0% 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 | $508,000 | 7.0% |
Listing Count | 16 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 17 | 11.0% |
Demographics — North Branford, CT
As of the latest ACS Survey released in 2023, North Branford, CT has a population of 7,070, which has decreased by -7.9% over the past 5 years. North Branford, CT is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 33.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,070 | -7.9% |
% Under 18 | 16.9% | 0.0% |
% Seniors | 21.2% | -8.2% |
% WFH | 9.6% | 166.7% |
% w/ College Degree | 33.4% | -2.9% |
As of the latest ACS Survey released in 2023, North Branford, CT is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in North Branford, CT is hispanic, making up 5.9% of the population. Foreign-born residents account for 4.4% of the population in North Branford, CT, and this percentage has decreased by 26.7% 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 | 88.9% | -1.7% |
% Black | 0.1% | -85.7% |
% Hispanic | 5.9% | 126.9% |
% Asian | 3.3% | -25.0% |
% Foreign Born | 4.4% | -26.7% |
Mortgage and Risk — North Branford, CT
According to HUD data as of 2023, there were 133 mortgage originations in North Branford, CT, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in North Branford, CT. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 133 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — North Branford, CT
North Branford, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,700 | $1,730 |
| 2 Bedroom | $10 | $2,100 | $2,110 |
| 3 Bedroom | -$280 | $2,900 | $2,620 |
| 4 Bedroom | N/A | N/A | $2,960 |
Affordability — North Branford, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $414,000 |
| Median Household Income | $121,000 |