Southington, CT—06489
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Southington, CT
Home Price Trends — Southington, CT
As of Oct '25, the median home price in Southington, CT is $423,000, with a year-over-year change of 3.4%. This indicates that home prices in Southington, CT are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $423,000 | 3.4% |
| Single Family | $453,000 | 3.7% |
| Condos | $297,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $183,000 | 4.0% |
2 Bed | $295,000 | 3.9% |
3 Bed | $421,000 | 3.7% |
4 Bed | $603,000 | 3.4% |
| 5 Bed | $666,000 | 3.7% |
% of Housing Stock
Rental Trends — Southington, CT
As of July '25, Rentcast reports the average rent in Southington, CT is $2,090, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in Southington, CT is 1-bedrooms: $1,420, 2-bedrooms: $1,950, 3-bedrooms: $2,500. The most common rental property sizes in Southington, CT are 2-bedroom and 3-bedroom, accounting for 40.1% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,420 |
| 2 Bed Rent | $1,900 | $1,950 |
| 3 Bed Rent | $2,250 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Southington, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Southington, CT is 37. This is a decrease of -12.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -9.0% |
Listing Count | 92 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 37 | -12.0% |
Demographics — Southington, CT
As of the latest ACS Survey released in 2023, Southington, CT has a population of 32,400, which has decreased by -3.5% over the past 5 years. Southington, CT is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,400 | -3.5% |
% Under 18 | 19.4% | -9.8% |
% Seniors | 20.6% | -1.9% |
% WFH | 17.7% | 365.8% |
% w/ College Degree | 43.8% | 12.9% |
As of the latest ACS Survey released in 2023, Southington, CT is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Southington, CT is hispanic, making up 5.3% of the population. Foreign-born residents account for 9.5% of the population in Southington, CT, and this percentage has decreased by 1.0% 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 | 87.0% | -2.9% |
% Black | 1.4% | -12.5% |
% Hispanic | 5.3% | 17.8% |
% Asian | 2.3% | -36.1% |
% Foreign Born | 9.5% | -1.0% |
Mortgage and Risk — Southington, CT
According to HUD data as of 2023, there were 603 mortgage originations in Southington, CT, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Southington, CT. Investor activity is low, as 1.0% 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 | 603 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Southington, CT
Southington, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 291 |
Total Units Section 8 | 251 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 95.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,400 | $1,340 |
| 2 Bedroom | -$210 | $1,900 | $1,690 |
| 3 Bedroom | -$210 | $2,250 | $2,040 |
| 4 Bedroom | N/A | N/A | $2,420 |
Affordability — Southington, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $423,000 |
| Median Household Income | $125,000 |