Wolcott, CT—06716
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wolcott, CT
As of Oct '25, the median home price in Wolcott, CT is $377,000, with a year-over-year change of 3.6%. This indicates that home prices in Wolcott, CT are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $377,000 | 3.6% |
| Single Family | $379,000 | 3.0% |
| Condos | $312,000 | 7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $251,000 | 2.9% |
2 Bed | $312,000 | 3.0% |
3 Bed | $373,000 | 3.0% |
4 Bed | $492,000 | 4.5% |
| 5 Bed | $531,000 | 4.7% |
% of Housing Stock
Rental Trends — Wolcott, CT
As of July '25, Rentcast reports the average rent in Wolcott, CT is $2,220, with a year-over-year rent change of 30.6%. Per bedroom, the median rent as of July '25 in Wolcott, CT is 1-bedrooms: $1,550, 3-bedrooms: $2,550. The most common rental property sizes in Wolcott, CT are 3-bedroom and 1-bedroom, accounting for 39.0% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,550 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,300 | $2,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wolcott, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Wolcott, CT is 49. This is a increase of 27.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | 7.0% |
Listing Count | 66 | 7.0% |
| Listings as % of Homes | 0.6% | 7.0% |
Days on Market | 49 | 27.0% |
Demographics — Wolcott, CT
As of the latest ACS Survey released in 2023, Wolcott, CT has a population of 16,100, which has decreased by -3.6% over the past 5 years. Wolcott, CT is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 36.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,100 | -3.6% |
% Under 18 | 20.0% | -2.9% |
% Seniors | 18.9% | 6.2% |
% WFH | 10.6% | 241.9% |
% w/ College Degree | 36.5% | 29.0% |
As of the latest ACS Survey released in 2023, Wolcott, CT is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Wolcott, CT is black, making up 4.3% of the population. Foreign-born residents account for 5.4% of the population in Wolcott, CT, and this percentage has decreased by 28.0% 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 | 84.3% | -4.1% |
% Black | 4.3% | 48.3% |
% Hispanic | 3.5% | -46.2% |
% Asian | 0.9% | -40.0% |
% Foreign Born | 5.4% | -28.0% |
Mortgage and Risk — Wolcott, CT
According to HUD data as of 2023, there were 402 mortgage originations in Wolcott, CT, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Wolcott, CT. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 402 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Wolcott, CT
Wolcott, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 250 |
Total Units Section 8 | 172 |
% Rentals under Section 8 | 21.7% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,550 | $1,790 |
| 2 Bedroom | N/A | N/A | $2,170 |
| 3 Bedroom | $540 | $2,300 | $2,840 |
| 4 Bedroom | N/A | N/A | $3,440 |
Affordability — Wolcott, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $377,000 |
| Median Household Income | $115,000 |