Hamden, CT—06518
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 $380,000, with a year-over-year change of 1.5%. This indicates that home prices in Hamden, CT are increasing. 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 | $380,000 | 1.5% |
| Single Family | $399,000 | 0.8% |
| Condos | $263,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $176,000 | 4.1% |
2 Bed | $298,000 | 3.5% |
3 Bed | $385,000 | 1.0% |
4 Bed | $476,000 | 1.7% |
| 5 Bed | $500,000 | 1.2% |
% of Housing Stock
Rental Trends — Hamden, CT
Hamden, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,690 | $1,750 |
| 2 Bed Rent | $1,950 | $2,170 |
| 3 Bed Rent | $3,050 | $3,270 |
| 4 Bed Rent | $3,200 | $3,620 |
% 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 32. This is a decrease of -16.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $413,000 | 1.0% |
Listing Count | 61 | 13.0% |
| Listings as % of Homes | 0.9% | 13.0% |
Days on Market | 32 | -16.0% |
Demographics — Hamden, CT
As of the latest ACS Survey released in 2023, Hamden, CT has a population of 20,000, which has increased by 2.4% over the past 5 years. Hamden, CT is a less popular place for families, as children make up 11.9% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | 2.4% |
% Under 18 | 11.9% | -3.3% |
% Seniors | 17.3% | 6.8% |
% WFH | 14.0% | 197.9% |
% w/ College Degree | 49.5% | -8.3% |
As of the latest ACS Survey released in 2023, Hamden, CT is a predominantly white area, with 67.9% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Hamden, CT is black, making up 15.5% of the population. Foreign-born residents account for 11.8% of the population in Hamden, CT, and this percentage has increased by 12.4% 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 | 67.9% | -7.7% |
% Black | 15.5% | 63.2% |
% Hispanic | 7.0% | -16.7% |
% Asian | 6.1% | -1.6% |
% Foreign Born | 11.8% | 12.4% |
Mortgage and Risk — Hamden, CT
According to HUD data as of 2023, there were 324 mortgage originations in Hamden, CT, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 324 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hamden, CT
As of 2024, the percent of homes in Hamden, CT under the Section 8 program is 1.1%. 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 | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,690 | $2,050 |
| 2 Bedroom | $550 | $1,950 | $2,500 |
| 3 Bedroom | $50 | $3,050 | $3,100 |
| 4 Bedroom | $310 | $3,200 | $3,510 |
Affordability — Hamden, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $380,000 |
| Median Household Income | $105,000 |