Old Saybrook, CT 06475 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Old Saybrook, CT—06475

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$698,000

4.4% YoY Growth

Household Income

$120,000

46.8% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$2,960

13.4% YoY Growth

1-Bed Rent

$1,620

N/A

2-Bed Rent

$3,120

N/A

3-Bed Rent

$2,500

6.6% YoY Growth

Home Price Trends — Old Saybrook, CT

As of May '26, the median home price in Old Saybrook, CT is $698,000, with a year-over-year change of 4.4%. This indicates that home prices in Old Saybrook, CT are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$698,000	4.4%
Single Family	$708,000	4.1%
Condos	$624,000	5.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Old Saybrook, CT

As of July '25, Rentcast reports the average rent in Old Saybrook, CT is $3,290, with a year-over-year rent change of 13.4%. Per bedroom, the median rent as of July '25 in Old Saybrook, CT is 1-bedrooms: $2,420, 2-bedrooms: $2,930, 3-bedrooms: $3,090, 4-bedrooms: $5,670. The most common rental property sizes in Old Saybrook, CT are 1-bedroom and 2-bedroom, accounting for 30.0% and 27.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,960	$3,290
Studio Rent	N/A	N/A
1 Bed Rent	$1,620	$2,420
2 Bed Rent	$3,120	$2,930
3 Bed Rent	$2,500	$3,090
4 Bed Rent	$5,250	$5,670

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% of Rental Stock

1 Bedroom

30.0%

2 Bedrooms

27.2%

3 Bedrooms

27.2%

4 Bedrooms

15.4%

5+ Bedrooms

0.2%

Property Listings — Old Saybrook, CT

As of May '26, Realtor.com reports that the median days on market for a home in Old Saybrook, CT is 38. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter 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	$958,000	9.0%
Listing Count	57	1.0%
Listings as % of Homes	0.5%	1.0%
Days on Market	38	-3.0%

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Demographics — Old Saybrook, CT

As of the latest ACS Survey released in 2023, Old Saybrook, CT has a population of 10,500, which has increased by 3.9% over the past 5 years. Old Saybrook, CT is a less popular place for families, as children make up 14.2% of the population. The area has a highly educated workforce, with 56.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,500	3.9%
% Under 18	14.2%	-17.4%
% Seniors	26.4%	-0.8%
% WFH	22.5%	287.9%
% w/ College Degree	56.6%	24.7%

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As of the latest ACS Survey released in 2023, Old Saybrook, CT is a predominantly white area, with 90.5% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Old Saybrook, CT is hispanic, making up 6.8% of the population. Foreign-born residents account for 7.6% of the population in Old Saybrook, CT, and this percentage has decreased by 22.4% 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	90.5%	2.7%
% Black	0.4%	-50.0%
% Hispanic	6.8%	23.6%
% Asian	1.1%	-66.7%
% Foreign Born	7.6%	-22.4%

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Mortgage and Risk — Old Saybrook, CT

According to HUD data as of 2023, there were 269 mortgage originations in Old Saybrook, CT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Old Saybrook, CT. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	269
% Conventional Loans	95.0%
% Government Loans	5.0%
% Investor Loans	3.0%
% Second Loans	11.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Old Saybrook, CT

As of 2024, the percent of homes in Old Saybrook, CT under the Section 8 program is 6.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Old Saybrook, CT, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	42
Total Units Section 8	42
% Rentals under Section 8	6.8%
% Occupied Section 8	98.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$40	$1,620	$1,660
2 Bedroom	-$960	$3,120	$2,160
3 Bedroom	$320	$2,500	$2,820
4 Bedroom	-$1,620	$5,250	$3,630

Old Saybrook, CT—06475

Key Metrics at a Glance

Home Price Trends — Old Saybrook, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Old Saybrook, CT

% of Rental Stock

Property Listings — Old Saybrook, CT

Demographics — Old Saybrook, CT

Race and Ethnicity

Mortgage and Risk — Old Saybrook, CT

Mortgages

Rentals and Section 8 — Old Saybrook, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Old Saybrook, CT

Home Price to Income Ratio

Old Saybrook, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Essex, CT

Essex, CT

Essex, CT

Westbrook, CT

Old Lyme, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$698,000
Median Household Income	$120,000

Old Saybrook, CT—06475

Key Metrics at a Glance

Home Price Trends — Old Saybrook, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Old Saybrook, CT

% of Rental Stock

Property Listings — Old Saybrook, CT

Demographics — Old Saybrook, CT

Race and Ethnicity

Mortgage and Risk — Old Saybrook, CT

Mortgages

Rentals and Section 8 — Old Saybrook, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Old Saybrook, CT

Home Price to Income Ratio

Old Saybrook, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Essex, CT

Essex, CT

Essex, CT

Westbrook, CT

Old Lyme, CT

Frequently Asked Questions

What is the average home price in Old Saybrook, CT 06475?

How have home prices in Old Saybrook, CT 06475 changed over the past year?

What is the home price projection for Old Saybrook, CT 06475?

What are the demographics of Old Saybrook, CT 06475?

How long does it take homes to sell in Old Saybrook, CT 06475?

What is the average rent price in Old Saybrook, CT 06475?