New Haven, CT—06519
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 $280,000, with a year-over-year change of 8.4%. This indicates that home prices in New Haven, CT are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | 8.4% |
| Single Family | $261,000 | 8.7% |
| Condos | $348,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $336,000 | 4.3% |
3 Bed | $252,000 | 8.6% |
4 Bed | $277,000 | 9.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Haven, CT
New Haven, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,130 |
| Studio Rent | $2,250 | $2,290 |
| 1 Bed Rent | $1,500 | $1,550 |
| 2 Bed Rent | $1,900 | $2,250 |
| 3 Bed Rent | $2,000 | $2,280 |
| 4 Bed Rent | $2,450 | $2,360 |
% 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 91. This is a increase of 77.0% from last year, suggesting that homes are sitting on the market longer 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 | $240,000 | -10.0% |
Listing Count | 17 | -11.0% |
| Listings as % of Homes | 0.2% | -11.0% |
Days on Market | 91 | 77.0% |
Demographics — New Haven, CT
As of the latest ACS Survey released in 2023, New Haven, CT has a population of 15,400, which has decreased by -3.6% over the past 5 years. New Haven, CT is a popular place for families, as children make up 29.0% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | -3.6% |
% Under 18 | 29.0% | -5.2% |
% Seniors | 12.3% | 29.5% |
% WFH | 4.7% | 104.3% |
% w/ College Degree | 19.5% | 54.8% |
As of the latest ACS Survey released in 2023, New Haven, CT is a predominantly hispanic area, with 48.8% of the population identifying as hispanic. The hispanic population has grown by 5.9% in the last 5 years. The second most common race or ethnicity in New Haven, CT is black, making up 28.0% of the population. Foreign-born residents account for 24.9% of the population in New Haven, CT, and this percentage has increased by 18.6% 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 | 15.2% | 8.6% |
% Black | 28.0% | -27.3% |
% Hispanic | 48.8% | 5.9% |
% Asian | 3.8% | 375.0% |
% Foreign Born | 24.9% | 18.6% |
Mortgage and Risk — New Haven, CT
According to HUD data as of 2023, there were 71 mortgage originations in New Haven, CT, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in New Haven, CT. Investor activity is low, as 8.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 71 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
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 34.9%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 1,610 |
Total Units Section 8 | 1,435 |
% Rentals under Section 8 | 34.9% |
% Occupied Section 8 | 89.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,500 | $1,480 |
| 2 Bedroom | -$90 | $1,900 | $1,810 |
| 3 Bedroom | $250 | $2,000 | $2,250 |
| 4 Bedroom | $90 | $2,450 | $2,540 |
Affordability — New Haven, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $280,000 |
| Median Household Income | $44,400 |