Hamden, CT 06518 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hamden, CT—06518

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$382,000

1.6% YoY Growth

Household Income

$105,000

36.8% YoY Growth

Days on Market

20.0% Shorter YoY

Home Price Forecast

3.8%

Median Rent

$3,000

N/A

1-Bed Rent

$1,690

N/A

2-Bed Rent

$1,950

N/A

3-Bed Rent

$3,050

N/A

Other Zip Codes in Hamden, CT

06514 06517

Home Price Trends — Hamden, CT

As of Dec '25, the median home price in Hamden, CT is $382,000, with a year-over-year change of 1.6%. This indicates that home prices in Hamden, CT are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$382,000	1.6%
Single Family	$402,000	1.3%
Condos	$266,000	4.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.8%

1 Bedroom

37.2%

2 Bedrooms

39.3%

3 Bedrooms

8.4%

4 Bedrooms

5.9%

5+ Bedrooms

5.5%

Property Listings — Hamden, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Hamden, CT is 38. This is a decrease of -13.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$380,000	-14.0%
Listing Count	46	19.0%
Listings as % of Homes	0.9%	19.0%
Days on Market	61	-20.0%

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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%

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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%

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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%

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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

Hamden, CT—06518

Key Metrics at a Glance

Other Zip Codes in Hamden, CT

Home Price Trends — Hamden, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hamden, CT

% of Rental Stock

Property Listings — Hamden, CT

Demographics — Hamden, CT

Race and Ethnicity

Mortgage and Risk — Hamden, CT

Mortgages

Rentals and Section 8 — Hamden, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Hamden, CT

Home Price to Income Ratio

Hamden, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Hamden, CT

North Haven, CT

Bethany, CT

Hamden, CT

Cheshire, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$382,000
Median Household Income	$105,000

Hamden, CT—06518

Key Metrics at a Glance

Other Zip Codes in Hamden, CT

Home Price Trends — Hamden, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hamden, CT

% of Rental Stock

Property Listings — Hamden, CT

Demographics — Hamden, CT

Race and Ethnicity

Mortgage and Risk — Hamden, CT

Mortgages

Rentals and Section 8 — Hamden, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Hamden, CT

Home Price to Income Ratio

Hamden, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Hamden, CT

North Haven, CT

Bethany, CT

Hamden, CT

Cheshire, CT

Frequently Asked Questions

What is the average home price in Hamden, CT 06518?

How have home prices in Hamden, CT 06518 changed over the past year?

What is the home price projection for Hamden, CT 06518?

What are the demographics of Hamden, CT 06518?

How long does it take homes to sell in Hamden, CT 06518?

What is the average rent price in Hamden, CT 06518?