Wallingford, CT—06492
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wallingford, CT
As of Oct '25, the median home price in Wallingford, CT is $394,000, with a year-over-year change of 3.6%. This indicates that home prices in Wallingford, CT are increasing. 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 | $394,000 | 3.6% |
| Single Family | $422,000 | 3.4% |
| Condos | $285,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $154,000 | 2.0% |
2 Bed | $296,000 | 4.6% |
3 Bed | $405,000 | 3.3% |
4 Bed | $543,000 | 4.2% |
| 5 Bed | $591,000 | 3.5% |
% of Housing Stock
Rental Trends — Wallingford, CT
As of July '25, Rentcast reports the average rent in Wallingford, CT is $2,000, with a year-over-year rent change of -24.5%. Per bedroom, the median rent as of July '25 in Wallingford, CT is studios: $1,280, 1-bedrooms: $1,620, 2-bedrooms: $2,000, 3-bedrooms: $2,290, 4-bedrooms: $3,320. The most common rental property sizes in Wallingford, CT are 2-bedroom and 1-bedroom, accounting for 43.6% and 37.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,000 |
| Studio Rent | $1,050 | $1,280 |
| 1 Bed Rent | $1,600 | $1,620 |
| 2 Bed Rent | $1,950 | $2,000 |
| 3 Bed Rent | $2,500 | $2,290 |
| 4 Bed Rent | $3,000 | $3,320 |
% of Rental Stock
Property Listings — Wallingford, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Wallingford, CT is 27. This is a increase of 16.0% 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 | $377,000 | 16.0% |
Listing Count | 82 | -13.0% |
| Listings as % of Homes | 0.3% | -13.0% |
Days on Market | 27 | 16.0% |
Demographics — Wallingford, CT
As of the latest ACS Survey released in 2023, Wallingford, CT has a population of 44,100, which has decreased by -1.7% over the past 5 years. Wallingford, CT is a moderately popular place for families, as children make up 18.1% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,100 | -1.7% |
% Under 18 | 18.1% | 13.1% |
% Seniors | 21.9% | 3.3% |
% WFH | 11.3% | 126.0% |
% w/ College Degree | 39.0% | 6.8% |
As of the latest ACS Survey released in 2023, Wallingford, CT is a predominantly white area, with 80.1% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Wallingford, CT is hispanic, making up 11.0% of the population. Foreign-born residents account for 11.1% of the population in Wallingford, CT, and this percentage has increased by 38.7% 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 | 80.1% | -6.4% |
% Black | 2.1% | 23.5% |
% Hispanic | 11.0% | 48.6% |
% Asian | 3.5% | -22.2% |
% Foreign Born | 11.1% | 38.7% |
Mortgage and Risk — Wallingford, CT
According to HUD data as of 2023, there were 759 mortgage originations in Wallingford, CT, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Wallingford, CT. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 759 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Wallingford, CT
As of 2024, the percent of homes in Wallingford, CT under the Section 8 program is 4.4%. 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. In Wallingford, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 225 |
Total Units Section 8 | 225 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 73.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,600 | $1,410 |
| 2 Bedroom | -$230 | $1,950 | $1,720 |
| 3 Bedroom | -$360 | $2,500 | $2,140 |
| 4 Bedroom | -$590 | $3,000 | $2,410 |
Affordability — Wallingford, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $394,000 |
| Median Household Income | $102,000 |