New Haven, CT—06511
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 $351,000, with a year-over-year change of 5.2%. This indicates that home prices in New Haven, 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 | $351,000 | 5.2% |
| Single Family | $386,000 | 4.3% |
| Condos | $284,000 | 8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $257,000 | 6.2% |
2 Bed | $316,000 | 6.0% |
3 Bed | $341,000 | 5.2% |
4 Bed | $406,000 | 5.5% |
| 5 Bed | $745,000 | 5.4% |
% of Housing Stock
Rental Trends — New Haven, CT
As of July '25, Rentcast reports the average rent in New Haven, CT is $2,260, with a year-over-year rent change of -23.9%. Per bedroom, the median rent as of July '25 in New Haven, CT is studios: $1,680, 1-bedrooms: $1,790, 2-bedrooms: $2,210, 3-bedrooms: $2,450, 4-bedrooms: $3,050. The most common rental property sizes in New Haven, CT are 2-bedroom and 1-bedroom, accounting for 34.5% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,020 | $2,260 |
| Studio Rent | $1,700 | $1,680 |
| 1 Bed Rent | $1,800 | $1,790 |
| 2 Bed Rent | $2,200 | $2,210 |
| 3 Bed Rent | $2,320 | $2,450 |
| 4 Bed Rent | $2,800 | $3,050 |
% 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 46. This is a decrease of -21.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | 30.0% |
Listing Count | 39 | -12.0% |
| Listings as % of Homes | 0.1% | -12.0% |
Days on Market | 46 | -21.0% |
Demographics — New Haven, CT
As of the latest ACS Survey released in 2023, New Haven, CT has a population of 54,700, which has increased by 3.9% over the past 5 years. New Haven, CT is a moderately popular place for families, as children make up 19.2% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,700 | 3.9% |
% Under 18 | 19.2% | 0.0% |
% Seniors | 9.1% | 0.0% |
% WFH | 15.2% | 210.2% |
% w/ College Degree | 47.9% | 0.0% |
As of the latest ACS Survey released in 2023, New Haven, CT is a predominantly black area, with 36.4% of the population identifying as black. The black population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in New Haven, CT is white, making up 32.0% of the population. Foreign-born residents account for 17.2% of the population in New Haven, CT, and this percentage has decreased by 5.0% 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 | 32.0% | -8.3% |
% Black | 36.4% | -2.4% |
% Hispanic | 20.7% | 27.8% |
% Asian | 7.2% | -16.3% |
% Foreign Born | 17.2% | -5.0% |
Mortgage and Risk — New Haven, CT
According to HUD data as of 2023, there were 244 mortgage originations in New Haven, CT, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in New Haven, CT. Investor activity is low, as 9.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 244 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
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 21.3%. This is considered high, suggesting that the neighborhood is heavily 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 | 3,908 |
Total Units Section 8 | 3,651 |
% Rentals under Section 8 | 21.3% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,800 | $1,600 |
| 2 Bedroom | -$250 | $2,200 | $1,950 |
| 3 Bedroom | $100 | $2,320 | $2,420 |
| 4 Bedroom | -$70 | $2,800 | $2,730 |
Affordability — New Haven, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $351,000 |
| Median Household Income | $56,300 |