Hamden, CT—06514
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamden, CT
As of Oct '25, the median home price in Hamden, CT is $324,000, with a year-over-year change of 2.6%. This indicates that home prices in Hamden, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 2.6% |
| Single Family | $342,000 | 1.5% |
| Condos | $217,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $160,000 | 1.3% |
2 Bed | $253,000 | 3.3% |
3 Bed | $340,000 | 1.5% |
4 Bed | $379,000 | 0.8% |
| 5 Bed | $429,000 | 0.5% |
% of Housing Stock
Rental Trends — Hamden, CT
Hamden, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,960 |
| Studio Rent | $1,480 | $1,640 |
| 1 Bed Rent | $1,500 | $1,580 |
| 2 Bed Rent | $1,900 | $2,040 |
| 3 Bed Rent | $2,300 | $2,700 |
| 4 Bed Rent | $900 | $1,950 |
% of Rental Stock
Property Listings — Hamden, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Hamden, CT is 28. This is a decrease of -43.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | 6.0% |
Listing Count | 85 | 16.0% |
| Listings as % of Homes | 0.7% | 16.0% |
Days on Market | 28 | -43.0% |
Demographics — Hamden, CT
As of the latest ACS Survey released in 2023, Hamden, CT has a population of 25,300, which has decreased by -6.9% over the past 5 years. Hamden, CT is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 41.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | -6.9% |
% Under 18 | 20.1% | -0.5% |
% Seniors | 15.3% | 15.0% |
% WFH | 13.2% | 325.8% |
% w/ College Degree | 41.9% | 20.1% |
As of the latest ACS Survey released in 2023, Hamden, CT is a predominantly white area, with 43.1% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Hamden, CT is black, making up 34.8% of the population. Foreign-born residents account for 15.0% of the population in Hamden, CT, and this percentage has decreased by 3.8% 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 | 43.1% | 1.2% |
% Black | 34.8% | -4.7% |
% Hispanic | 16.2% | 8.7% |
% Asian | 3.3% | -32.7% |
% Foreign Born | 15.0% | -3.8% |
Mortgage and Risk — Hamden, CT
According to HUD data as of 2023, there were 413 mortgage originations in Hamden, CT, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Hamden, CT. Investor activity is low, as 2.0% 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 | 413 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Hamden, CT
As of 2024, the percent of homes in Hamden, CT under the Section 8 program is 11.1%. 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 Hamden, CT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 440 |
Total Units Section 8 | 440 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,500 | $1,680 |
| 2 Bedroom | $150 | $1,900 | $2,050 |
| 3 Bedroom | $250 | $2,300 | $2,550 |
| 4 Bedroom | $1,980 | $900 | $2,880 |
Affordability — Hamden, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $324,000 |
| Median Household Income | $85,200 |