Litchfield, CT—06759
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 $548,000, with a year-over-year change of 9.0%. This indicates that home prices in Litchfield, CT are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $548,000 | 9.0% |
| Single Family | $562,000 | 9.1% |
| Condos | $486,000 | 10.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $414,000 | 9.5% |
3 Bed | $527,000 | 8.9% |
4 Bed | $700,000 | 8.7% |
| 5 Bed | $1,214,000 | 9.2% |
% of Housing Stock
Rental Trends — Litchfield, CT
Litchfield, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $4,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,900 |
| 2 Bed Rent | $3,200 | $3,110 |
| 3 Bed Rent | $3,850 | $3,630 |
| 4 Bed Rent | $5,500 | $6,620 |
% 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 91. This is a increase of 52.0% 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 | $836,000 | 25.0% |
Listing Count | 29 | -18.0% |
| Listings as % of Homes | 0.9% | -18.0% |
Days on Market | 91 | 52.0% |
Demographics — Litchfield, CT
As of the latest ACS Survey released in 2023, Litchfield, CT has a population of 5,440, which has decreased by -5.6% over the past 5 years. Litchfield, CT is a moderately popular place for families, as children make up 17.1% of the population. The area has a highly educated workforce, with 56.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,440 | -5.6% |
% Under 18 | 17.1% | -0.6% |
% Seniors | 31.6% | 5.3% |
% WFH | 23.1% | 181.7% |
% w/ College Degree | 56.9% | 22.4% |
As of the latest ACS Survey released in 2023, Litchfield, CT is a predominantly white area, with 84.4% 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 Litchfield, CT is hispanic, making up 4.7% of the population. Foreign-born residents account for 4.9% of the population in Litchfield, CT, and this percentage has decreased by 10.9% 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 | 84.4% | -7.7% |
% Black | 1.5% | 7.1% |
% Hispanic | 4.7% | -19.0% |
% Asian | 3.8% | 533.3% |
% Foreign Born | 4.9% | -10.9% |
Mortgage and Risk — Litchfield, CT
According to HUD data as of 2023, there were 92 mortgage originations in Litchfield, CT, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Litchfield, CT. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
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 | -$520 | $1,900 | $1,380 |
| 2 Bedroom | -$1,490 | $3,200 | $1,710 |
| 3 Bedroom | -$1,710 | $3,850 | $2,140 |
| 4 Bedroom | -$3,060 | $5,500 | $2,440 |
Affordability — Litchfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $548,000 |
| Median Household Income | $113,000 |