New Haven, CT—06513
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 $284,000, with a year-over-year change of 6.6%. This indicates that home prices in New Haven, CT are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | 6.6% |
| Single Family | $328,000 | 5.5% |
| Condos | $216,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $147,000 | 6.5% |
2 Bed | $230,000 | 7.0% |
3 Bed | $335,000 | 5.0% |
4 Bed | $360,000 | 5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Haven, CT
As of July '25, Rentcast reports the average rent in New Haven, CT is $2,050, with a year-over-year rent change of 17.1%. Per bedroom, the median rent as of July '25 in New Haven, CT is studios: $1,320, 1-bedrooms: $1,540, 2-bedrooms: $1,810, 3-bedrooms: $2,300, 4-bedrooms: $2,610. The most common rental property sizes in New Haven, CT are 2-bedroom and 1-bedroom, accounting for 42.9% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,050 |
| Studio Rent | $1,350 | $1,320 |
| 1 Bed Rent | $1,500 | $1,540 |
| 2 Bed Rent | $1,700 | $1,810 |
| 3 Bed Rent | $2,000 | $2,300 |
| 4 Bed Rent | $2,500 | $2,610 |
% 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 34. 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | 4.0% |
Listing Count | 73 | 27.0% |
| Listings as % of Homes | 0.3% | 27.0% |
Days on Market | 34 | -11.0% |
Demographics — New Haven, CT
As of the latest ACS Survey released in 2023, New Haven, CT has a population of 38,300, which has decreased by -3.6% over the past 5 years. New Haven, CT is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,300 | -3.6% |
% Under 18 | 24.8% | -3.1% |
% Seniors | 15.2% | 27.7% |
% WFH | 8.2% | 105.0% |
% w/ College Degree | 18.5% | 6.3% |
As of the latest ACS Survey released in 2023, New Haven, CT is a predominantly hispanic area, with 46.7% of the population identifying as hispanic. The hispanic population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in New Haven, CT is white, making up 26.2% of the population. Foreign-born residents account for 17.3% of the population in New Haven, CT, and this percentage has increased by 18.5% 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 | 26.2% | -8.7% |
% Black | 24.3% | 17.4% |
% Hispanic | 46.7% | -4.3% |
% Asian | 1.5% | 0.0% |
% Foreign Born | 17.3% | 18.5% |
Mortgage and Risk — New Haven, CT
According to HUD data as of 2023, there were 359 mortgage originations in New Haven, CT, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in New Haven, CT. Investor activity is low, as 2.0% 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 | 359 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% 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 34.2%. 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 | 3,473 |
Total Units Section 8 | 3,194 |
% Rentals under Section 8 | 34.2% |
% Occupied Section 8 | 90.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,500 | $1,340 |
| 2 Bedroom | -$60 | $1,700 | $1,640 |
| 3 Bedroom | $40 | $2,000 | $2,040 |
| 4 Bedroom | -$200 | $2,500 | $2,300 |
Affordability — New Haven, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $284,000 |
| Median Household Income | $46,500 |