New Haven, CT—06510
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Haven, CT
As of Oct '25, the median home price in New Haven, CT is $379,000, with a year-over-year change of 1.9%. This indicates that home prices in New Haven, CT are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $379,000 | 1.9% |
| Single Family | N/A | N/A |
| Condos | $350,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $509,000 | 2.6% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Haven, CT
New Haven, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,300 |
| Studio Rent | $1,950 | $1,930 |
| 1 Bed Rent | $2,150 | $2,140 |
| 2 Bed Rent | $2,650 | $2,660 |
| 3 Bed Rent | $2,700 | $3,130 |
| 4 Bed Rent | $6,000 | $6,000 |
% of Rental Stock
Property Listings — New Haven, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in New Haven, CT is 31. This is a decrease of -11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $514,000 | 14.0% |
Listing Count | 5 | 175.0% |
| Listings as % of Homes | 0.0% | 175.0% |
Days on Market | 31 | -11.0% |
Demographics — New Haven, CT
As of the latest ACS Survey released in 2023, New Haven, CT has a population of 4,200, which has increased by 62.6% over the past 5 years. New Haven, CT is a less popular place for families, as children make up 9.3% of the population. The area has a highly educated workforce, with 82.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,200 | 62.6% |
% Under 18 | 9.3% | 190.6% |
% Seniors | 7.8% | 151.6% |
% WFH | 19.9% | 136.9% |
% w/ College Degree | 82.2% | 2.6% |
As of the latest ACS Survey released in 2023, New Haven, CT is a predominantly white area, with 44.3% of the population identifying as white. The white population has shrunk by 19.3% in the last 5 years. The second most common race or ethnicity in New Haven, CT is black, making up 20.7% of the population. Foreign-born residents account for 24.5% of the population in New Haven, CT, and this percentage has increased by 2.9% 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 | 44.3% | -19.3% |
% Black | 20.7% | 88.2% |
% Hispanic | 12.9% | -15.1% |
% Asian | 17.4% | 7.4% |
% Foreign Born | 24.5% | 2.9% |
Mortgage and Risk — New Haven, CT
According to HUD data as of 2023, there were 6 mortgage originations in New Haven, CT, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in New Haven, CT. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 6 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — New Haven, CT
As of 2024, the percent of homes in New Haven, CT under the Section 8 program is 7.2%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Haven, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $2,150 | $2,020 |
| 2 Bedroom | -$180 | $2,650 | $2,470 |
| 3 Bedroom | $370 | $2,700 | $3,070 |
| 4 Bedroom | -$2,540 | $6,000 | $3,460 |
Affordability — New Haven, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $379,000 |
| Median Household Income | $63,600 |