New Haven, CT—06515
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 $359,000, with a year-over-year change of -0.2%. This indicates that home prices in New Haven, CT are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | -0.2% |
| Single Family | $385,000 | -1.3% |
| Condos | $220,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $255,000 | 2.8% |
3 Bed | $363,000 | -1.4% |
4 Bed | $495,000 | -0.6% |
| 5 Bed | $645,000 | 1.4% |
% of Housing Stock
Rental Trends — New Haven, CT
As of July '25, Rentcast reports the average rent in New Haven, CT is $2,110, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in New Haven, CT is studios: $1,450, 1-bedrooms: $1,520, 2-bedrooms: $1,900, 3-bedrooms: $2,330, 4-bedrooms: $2,940. The most common rental property sizes in New Haven, CT are 2-bedroom and 1-bedroom, accounting for 41.1% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,110 |
| Studio Rent | $1,450 | $1,450 |
| 1 Bed Rent | $1,500 | $1,520 |
| 2 Bed Rent | $1,900 | $1,900 |
| 3 Bed Rent | $2,300 | $2,330 |
| 4 Bed Rent | $2,700 | $2,940 |
% 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 37. This is a decrease of -32.0% 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 | $336,000 | 7.0% |
Listing Count | 23 | -9.0% |
| Listings as % of Homes | 0.3% | -9.0% |
Days on Market | 37 | -32.0% |
Demographics — New Haven, CT
As of the latest ACS Survey released in 2023, New Haven, CT has a population of 18,400, which has decreased by -4.1% over the past 5 years. New Haven, CT is a moderately popular place for families, as children make up 18.5% of the population. The area has a highly educated workforce, with 48.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | -4.1% |
% Under 18 | 18.5% | -15.1% |
% Seniors | 13.0% | 26.2% |
% WFH | 11.1% | 42.3% |
% w/ College Degree | 48.5% | 9.0% |
As of the latest ACS Survey released in 2023, New Haven, CT is a predominantly white area, with 38.5% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in New Haven, CT is black, making up 32.2% of the population. Foreign-born residents account for 11.3% of the population in New Haven, CT, and this percentage has decreased by 4.2% 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 | 38.5% | -1.5% |
% Black | 32.2% | -20.7% |
% Hispanic | 21.4% | 48.6% |
% Asian | 3.9% | 5.4% |
% Foreign Born | 11.3% | -4.2% |
Mortgage and Risk — New Haven, CT
According to HUD data as of 2023, there were 155 mortgage originations in New Haven, CT, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in New Haven, CT. Investor activity is low, as 5.0% 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 | 155 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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 24.4%. 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. In New Haven, 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 | 1,425 |
Total Units Section 8 | 1,137 |
% Rentals under Section 8 | 24.4% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,500 | $1,640 |
| 2 Bedroom | $100 | $1,900 | $2,000 |
| 3 Bedroom | $180 | $2,300 | $2,480 |
| 4 Bedroom | $110 | $2,700 | $2,810 |
Affordability — New Haven, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $359,000 |
| Median Household Income | $74,000 |