Middlebury, CT—06762
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middlebury, CT
As of Oct '25, the median home price in Middlebury, CT is $537,000, with a year-over-year change of 3.9%. This indicates that home prices in Middlebury, 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 | $537,000 | 3.9% |
| Single Family | $514,000 | 3.2% |
| Condos | $586,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $442,000 | 4.2% |
3 Bed | $516,000 | 4.2% |
4 Bed | $648,000 | 3.5% |
| 5 Bed | $796,000 | 4.2% |
% of Housing Stock
Rental Trends — Middlebury, CT
Middlebury, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $2,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,100 |
| 2 Bed Rent | $1,850 | $2,350 |
| 3 Bed Rent | $4,000 | $3,500 |
| 4 Bed Rent | $3,900 | $3,770 |
% of Rental Stock
Property Listings — Middlebury, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Middlebury, CT is 55. This is a increase of 23.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $703,000 | -2.0% |
Listing Count | 68 | 0.0% |
| Listings as % of Homes | 1.6% | 0.0% |
Days on Market | 55 | 23.0% |
Demographics — Middlebury, CT
As of the latest ACS Survey released in 2023, Middlebury, CT has a population of 7,740, which has remained stable by 1.0% over the past 5 years. Middlebury, CT is a moderately popular place for families, as children make up 23.4% of the population. The area has a highly educated workforce, with 53.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,740 | 1.0% |
% Under 18 | 23.4% | 16.4% |
% Seniors | 22.0% | 3.8% |
% WFH | 14.8% | 97.3% |
% w/ College Degree | 53.4% | -0.6% |
As of the latest ACS Survey released in 2023, Middlebury, CT is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Middlebury, CT is asian, making up 7.4% of the population. Foreign-born residents account for 12.0% of the population in Middlebury, CT, and this percentage has increased by 15.4% 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 | 82.7% | -4.6% |
% Black | 0.6% | -40.0% |
% Hispanic | 4.0% | -33.3% |
% Asian | 7.4% | 27.6% |
% Foreign Born | 12.0% | 15.4% |
Mortgage and Risk — Middlebury, CT
According to HUD data as of 2023, there were 149 mortgage originations in Middlebury, CT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Middlebury, CT. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 149 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Middlebury, CT
As of 2024, the percent of homes in Middlebury, CT under the Section 8 program is 1.2%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Middlebury, CT, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 73 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $950 | $1,370 |
| 2 Bedroom | -$190 | $1,850 | $1,660 |
| 3 Bedroom | -$1,830 | $4,000 | $2,170 |
| 4 Bedroom | -$1,270 | $3,900 | $2,630 |
Affordability — Middlebury, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $537,000 |
| Median Household Income | $143,000 |