New Preston, CT—06777
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Preston, CT
As of Oct '25, the median home price in New Preston, CT is $716,000, with a year-over-year change of 8.8%. This indicates that home prices in New Preston, CT are increasing. According to Zillow, the 1-year price projection is 4.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $716,000 | 8.8% |
| Single Family | $745,000 | 9.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $505,000 | 11.2% |
3 Bed | $689,000 | 10.2% |
4 Bed | $1,093,000 | 9.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Preston, CT
New Preston, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,000 | $5,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,500 | $2,500 |
| 2 Bed Rent | $4,400 | $4,980 |
| 3 Bed Rent | $6,000 | $5,930 |
| 4 Bed Rent | $6,000 | $6,000 |
% of Rental Stock
Property Listings — New Preston, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in New Preston, CT is 118. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter 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 | $900,000 | -49.0% |
Listing Count | 17 | 4.0% |
| Listings as % of Homes | 1.2% | 4.0% |
Days on Market | 118 | -5.0% |
Demographics — New Preston, CT
As of the latest ACS Survey released in 2023, New Preston, CT has a population of 1,800, which has increased by 39.3% over the past 5 years. New Preston, CT is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 57.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,800 | 39.3% |
% Under 18 | 22.3% | 93.9% |
% Seniors | 28.7% | -17.8% |
% WFH | 32.1% | 130.9% |
% w/ College Degree | 57.9% | 20.1% |
As of the latest ACS Survey released in 2023, New Preston, CT is a predominantly white area, with 85.1% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in New Preston, CT is hispanic, making up 9.8% of the population. Foreign-born residents account for 8.4% of the population in New Preston, CT, and this percentage has increased by 20.0% 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 | 85.1% | -10.8% |
% Black | 0.7% | ∞% |
% Hispanic | 9.8% | 345.5% |
% Asian | 3.0% | 100.0% |
% Foreign Born | 8.4% | 20.0% |
Mortgage and Risk — New Preston, CT
According to HUD data as of 2023, there were 62 mortgage originations in New Preston, CT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in New Preston, CT. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 62 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 21.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — New Preston, CT
New Preston, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | -$760 | $2,500 | $1,740 |
| 2 Bedroom | -$2,250 | $4,400 | $2,150 |
| 3 Bedroom | -$3,310 | $6,000 | $2,690 |
| 4 Bedroom | -$2,930 | $6,000 | $3,070 |
Affordability — New Preston, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $716,000 |
| Median Household Income | $93,200 |