Southbury, CT—06488
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southbury, CT
As of Oct '25, the median home price in Southbury, CT is $443,000, with a year-over-year change of -0.3%. This indicates that home prices in Southbury, CT are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $443,000 | -0.3% |
| Single Family | $592,000 | 1.4% |
| Condos | $310,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $228,000 | -3.4% |
2 Bed | $311,000 | -1.6% |
3 Bed | $483,000 | 0.2% |
4 Bed | $705,000 | 1.3% |
| 5 Bed | $797,000 | 1.8% |
% of Housing Stock
Rental Trends — Southbury, CT
As of July '25, Rentcast reports the average rent in Southbury, CT is $2,840, with a year-over-year rent change of 11.8%. Per bedroom, the median rent as of July '25 in Southbury, CT is 1-bedrooms: $2,060, 2-bedrooms: $2,190, 3-bedrooms: $3,420, 4-bedrooms: $5,250. The most common rental property sizes in Southbury, CT are 2-bedroom and 1-bedroom, accounting for 48.8% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,060 |
| 2 Bed Rent | $2,100 | $2,190 |
| 3 Bed Rent | $3,300 | $3,420 |
| 4 Bed Rent | $4,000 | $5,250 |
% of Rental Stock
Property Listings — Southbury, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Southbury, CT is 44. This is a increase of 12.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | -13.0% |
Listing Count | 152 | 22.0% |
| Listings as % of Homes | 1.0% | 22.0% |
Days on Market | 44 | 12.0% |
Demographics — Southbury, CT
As of the latest ACS Survey released in 2023, Southbury, CT has a population of 20,000, which has increased by 1.1% over the past 5 years. Southbury, CT is a moderately popular place for families, as children make up 19.4% of the population. The area has a highly educated workforce, with 51.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | 1.1% |
% Under 18 | 19.4% | -5.8% |
% Seniors | 30.2% | 3.8% |
% WFH | 20.1% | 168.0% |
% w/ College Degree | 51.5% | -0.4% |
As of the latest ACS Survey released in 2023, Southbury, CT is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Southbury, CT is hispanic, making up 8.8% of the population. Foreign-born residents account for 8.2% of the population in Southbury, CT, and this percentage has increased by 41.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.4% | -7.7% |
% Black | 1.9% | 35.7% |
% Hispanic | 8.8% | 91.3% |
% Asian | 3.2% | 18.5% |
% Foreign Born | 8.2% | 41.4% |
Mortgage and Risk — Southbury, CT
According to HUD data as of 2023, there were 47 mortgage originations in Southbury, CT, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Southbury, CT. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Southbury, CT
As of 2024, the percent of homes in Southbury, CT under the Section 8 program is 0.1%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Southbury, CT, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $2,000 | $1,770 |
| 2 Bedroom | $50 | $2,100 | $2,150 |
| 3 Bedroom | -$490 | $3,300 | $2,810 |
| 4 Bedroom | -$590 | $4,000 | $3,410 |
Affordability — Southbury, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $443,000 |
| Median Household Income | $112,000 |