Westbrook, CT—06498
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westbrook, CT
As of Oct '25, the median home price in Westbrook, CT is $559,000, with a year-over-year change of 3.7%. This indicates that home prices in Westbrook, 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 | $559,000 | 3.7% |
| Single Family | $572,000 | 3.4% |
| Condos | $467,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $378,000 | 0.5% |
2 Bed | $458,000 | 2.9% |
3 Bed | $558,000 | 3.3% |
4 Bed | $697,000 | 3.3% |
| 5 Bed | $937,000 | 3.3% |
% of Housing Stock
Rental Trends — Westbrook, CT
As of July '25, Rentcast reports the average rent in Westbrook, CT is $2,790, with a year-over-year rent change of 142.6%. Per bedroom, the median rent as of July '25 in Westbrook, CT is 1-bedrooms: $2,070, 2-bedrooms: $1,860, 3-bedrooms: $3,090, 4-bedrooms: $4,580. The most common rental property sizes in Westbrook, CT are 1-bedroom and 2-bedroom, accounting for 36.5% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $2,070 |
| 2 Bed Rent | $1,800 | $1,860 |
| 3 Bed Rent | $3,000 | $3,090 |
| 4 Bed Rent | $4,580 | $4,580 |
% of Rental Stock
Property Listings — Westbrook, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Westbrook, CT is 54. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $740,000 | 1.0% |
Listing Count | 24 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 54 | 1.0% |
Demographics — Westbrook, CT
As of the latest ACS Survey released in 2023, Westbrook, CT has a population of 6,830, which has decreased by -1.3% over the past 5 years. Westbrook, CT is a less popular place for families, as children make up 10.7% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,830 | -1.3% |
% Under 18 | 10.7% | 10.3% |
% Seniors | 35.9% | 43.6% |
% WFH | 16.3% | 83.1% |
% w/ College Degree | 45.4% | -0.2% |
As of the latest ACS Survey released in 2023, Westbrook, CT is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 18.1% in the last 5 years. The second most common race or ethnicity in Westbrook, CT is hispanic, making up 13.7% of the population. Foreign-born residents account for 13.5% of the population in Westbrook, CT, and this percentage has increased by 107.7% 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 | 76.5% | -18.1% |
% Black | 1.1% | 37.5% |
% Hispanic | 13.7% | 356.7% |
% Asian | 1.7% | 1,600.0% |
% Foreign Born | 13.5% | 107.7% |
Mortgage and Risk — Westbrook, CT
According to HUD data as of 2023, there were 145 mortgage originations in Westbrook, CT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Westbrook, CT. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 145 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Westbrook, CT
As of 2024, the percent of homes in Westbrook, CT under the Section 8 program is 0.6%. 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 Westbrook, 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 | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$660 | $1,900 | $1,240 |
| 2 Bedroom | -$190 | $1,800 | $1,610 |
| 3 Bedroom | -$900 | $3,000 | $2,100 |
| 4 Bedroom | -$1,880 | $4,580 | $2,700 |
Affordability — Westbrook, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $559,000 |
| Median Household Income | $76,200 |