Litchfield, CT—06750
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Litchfield, CT
As of Oct '25, the median home price in Litchfield, CT is $429,000, with a year-over-year change of 7.4%. This indicates that home prices in Litchfield, CT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | 7.4% |
| Single Family | $420,000 | 7.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $346,000 | 9.5% |
3 Bed | $449,000 | 7.9% |
4 Bed | $600,000 | 9.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Litchfield, CT
Litchfield, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $3,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $3,600 | $5,230 |
| 4 Bed Rent | $5,250 | $5,250 |
% of Rental Stock
Property Listings — Litchfield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Litchfield, CT is 84. This is a increase of 21.0% 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 | $674,000 | 27.0% |
Listing Count | 8 | 40.0% |
| Listings as % of Homes | 0.4% | 40.0% |
Days on Market | 84 | 21.0% |
Demographics — Litchfield, CT
As of the latest ACS Survey released in 2023, Litchfield, CT has a population of 1,320, which has increased by 15.4% over the past 5 years. Litchfield, CT is a moderately popular place for families, as children make up 15.9% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,320 | 15.4% |
% Under 18 | 15.9% | -3.0% |
% Seniors | 24.0% | -3.2% |
% WFH | 16.7% | 101.2% |
% w/ College Degree | 35.1% | 35.0% |
As of the latest ACS Survey released in 2023, Litchfield, CT is a predominantly white area, with 98.1% of the population identifying as white. The white population has grown by 9.0% in the last 5 years. The second most common race or ethnicity in Litchfield, CT is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.1% of the population in Litchfield, CT, and this percentage has decreased by 88.4% 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 | 98.1% | 9.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.7% | -61.4% |
% Asian | 0.1% | -96.0% |
% Foreign Born | 1.1% | -88.4% |
Mortgage and Risk — Litchfield, CT
According to HUD data as of 2023, there were 44 mortgage originations in Litchfield, CT, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Litchfield, CT. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 44 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Litchfield, CT
Litchfield, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$650 | $1,700 | $1,050 |
| 2 Bedroom | -$460 | $1,800 | $1,340 |
| 3 Bedroom | -$1,960 | $3,600 | $1,640 |
| 4 Bedroom | -$3,420 | $5,250 | $1,830 |
Affordability — Litchfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $429,000 |
| Median Household Income | $78,800 |