Southbury, CT 06488 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Southbury, CT—06488

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$436,000

0.6% YoY Growth

Household Income

$112,000

19.4% YoY Growth

Days on Market

11.0% Longer YoY

Home Price Forecast

2.8%

Median Rent

$2,400

11.8% YoY Growth

1-Bed Rent

$2,000

5.6% YoY Growth

2-Bed Rent

$2,100

4.8% YoY Growth

3-Bed Rent

$3,300

5.0% YoY Growth

Home Price Trends — Southbury, CT

As of Dec '25, the median home price in Southbury, CT is $436,000, with a year-over-year change of -0.6%. This indicates that home prices in Southbury, CT are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$436,000	-0.6%
Single Family	$584,000	1.2%
Condos	$304,000	-2.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

1.2%

1 Bedroom

28.9%

2 Bedrooms

48.8%

3 Bedrooms

13.6%

4 Bedrooms

5.9%

5+ Bedrooms

1.6%

Property Listings — Southbury, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Southbury, CT is 50. This is a increase of 10.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$373,000	-14.0%
Listing Count	118	8.0%
Listings as % of Homes	1.0%	8.0%
Days on Market	61	11.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Southbury, CT—06488

Key Metrics at a Glance

Home Price Trends — Southbury, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Southbury, CT

% of Rental Stock

Property Listings — Southbury, CT

Demographics — Southbury, CT

Race and Ethnicity

Mortgage and Risk — Southbury, CT

Mortgages

Rentals and Section 8 — Southbury, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Southbury, CT

Home Price to Income Ratio

Southbury, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Newtown, CT

Woodbury, CT

Roxbury, CT

Oxford, CT

Newtown, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$436,000
Median Household Income	$112,000

Southbury, CT—06488

Key Metrics at a Glance

Home Price Trends — Southbury, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Southbury, CT

% of Rental Stock

Property Listings — Southbury, CT

Demographics — Southbury, CT

Race and Ethnicity

Mortgage and Risk — Southbury, CT

Mortgages

Rentals and Section 8 — Southbury, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Southbury, CT

Home Price to Income Ratio

Southbury, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Newtown, CT

Woodbury, CT

Roxbury, CT

Oxford, CT

Newtown, CT

Frequently Asked Questions

What is the average home price in Southbury, CT 06488?

How have home prices in Southbury, CT 06488 changed over the past year?

What is the home price projection for Southbury, CT 06488?

What are the demographics of Southbury, CT 06488?

How long does it take homes to sell in Southbury, CT 06488?

What is the average rent price in Southbury, CT 06488?