Stratford, CT—06615
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Stratford, CT
Home Price Trends — Stratford, CT
As of Oct '25, the median home price in Stratford, CT is $406,000, with a year-over-year change of 1.2%. This indicates that home prices in Stratford, CT are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $406,000 | 1.2% |
| Single Family | $418,000 | 1.7% |
| Condos | $276,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $223,000 | 1.8% |
2 Bed | $351,000 | 1.4% |
3 Bed | $412,000 | 1.2% |
4 Bed | $507,000 | 3.9% |
| 5 Bed | $601,000 | 2.9% |
% of Housing Stock
Rental Trends — Stratford, CT
As of July '25, Rentcast reports the average rent in Stratford, CT is $2,640, with a year-over-year rent change of -34.3%. Per bedroom, the median rent as of July '25 in Stratford, CT is studios: $1,900, 1-bedrooms: $1,890, 2-bedrooms: $2,660, 3-bedrooms: $3,130, 4-bedrooms: $3,260. The most common rental property sizes in Stratford, CT are 2-bedroom and 1-bedroom, accounting for 35.0% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,640 |
| Studio Rent | $1,900 | $1,900 |
| 1 Bed Rent | $1,800 | $1,890 |
| 2 Bed Rent | $2,300 | $2,660 |
| 3 Bed Rent | $2,500 | $3,130 |
| 4 Bed Rent | $2,800 | $3,260 |
% of Rental Stock
Property Listings — Stratford, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Stratford, CT is 43. This is a increase of 17.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $363,000 | -11.0% |
Listing Count | 56 | -12.0% |
| Listings as % of Homes | 0.6% | -12.0% |
Days on Market | 43 | 17.0% |
Demographics — Stratford, CT
As of the latest ACS Survey released in 2023, Stratford, CT has a population of 16,900, which has decreased by -9.8% over the past 5 years. Stratford, CT is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 33.8% 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 | 16,900 | -9.8% |
% Under 18 | 18.4% | -7.1% |
% Seniors | 19.0% | 15.2% |
% WFH | 13.2% | 222.0% |
% w/ College Degree | 33.8% | 17.0% |
As of the latest ACS Survey released in 2023, Stratford, CT is a predominantly white area, with 53.2% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Stratford, CT is hispanic, making up 24.4% of the population. Foreign-born residents account for 17.6% of the population in Stratford, CT, and this percentage has increased by 35.4% 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 | 53.2% | 7.3% |
% Black | 20.0% | -30.3% |
% Hispanic | 24.4% | 18.4% |
% Asian | 3.0% | 57.9% |
% Foreign Born | 17.6% | 35.4% |
Mortgage and Risk — Stratford, CT
According to HUD data as of 2023, there were 273 mortgage originations in Stratford, CT, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Stratford, CT. Investor activity is low, as 1.0% 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 | 273 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Stratford, CT
As of 2024, the percent of homes in Stratford, CT under the Section 8 program is 12.1%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Stratford, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 566 |
Total Units Section 8 | 265 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,800 | $1,580 |
| 2 Bedroom | -$320 | $2,300 | $1,980 |
| 3 Bedroom | -$40 | $2,500 | $2,460 |
| 4 Bedroom | $60 | $2,800 | $2,860 |
Affordability — Stratford, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $406,000 |
| Median Household Income | $80,700 |