Old Saybrook, CT—06475
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Saybrook, CT
As of Oct '25, the median home price in Old Saybrook, CT is $659,000, with a year-over-year change of 7.4%. This indicates that home prices in Old Saybrook, 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 | $659,000 | 7.4% |
| Single Family | $667,000 | 7.2% |
| Condos | $606,000 | 6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $369,000 | 4.2% |
2 Bed | $565,000 | 6.6% |
3 Bed | $655,000 | 7.0% |
4 Bed | $790,000 | 8.4% |
| 5 Bed | $1,103,000 | 10.1% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Old Saybrook, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Saybrook, CT is 55. This is a increase of 14.0% 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 | $901,000 | 3.0% |
Listing Count | 58 | 3.0% |
| Listings as % of Homes | 0.5% | 3.0% |
Days on Market | 55 | 14.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Old Saybrook, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $659,000 |
| Median Household Income | $120,000 |