New Preston, CT 06777 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Preston, CT—06777

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$731,000

5.9% YoY Growth

Household Income

$93,200

3.0% YoY Growth

Days on Market

60.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$6,000

N/A

1-Bed Rent

$2,500

N/A

2-Bed Rent

$4,400

N/A

3-Bed Rent

$6,000

N/A

Home Price Trends — New Preston, CT

As of May '26, the median home price in New Preston, CT is $731,000, with a year-over-year change of 5.9%. This indicates that home prices in New Preston, CT are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$731,000	5.9%
Single Family	$762,000	5.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

4.0%

2 Bedrooms

82.2%

3 Bedrooms

13.9%

Property Listings — New Preston, CT

As of May '26, Realtor.com reports that the median days on market for a home in New Preston, CT is 56. This is a increase of 60.0% 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	$2,000,000	9.0%
Listing Count	14	0.0%
Listings as % of Homes	1.2%	0.0%
Days on Market	56	60.0%

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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%

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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%

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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%

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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

New Preston, CT—06777

Key Metrics at a Glance

Home Price Trends — New Preston, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Preston, CT

% of Rental Stock

Property Listings — New Preston, CT

Demographics — New Preston, CT

Race and Ethnicity

Mortgage and Risk — New Preston, CT

Mortgages

Rentals and Section 8 — New Preston, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — New Preston, CT

Home Price to Income Ratio

New Preston, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Washington, CT

Warren, CT

Washington, CT

Litchfield, CT

Kent, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.5
Median Home Price	$731,000
Median Household Income	$93,200

New Preston, CT—06777

Key Metrics at a Glance

Home Price Trends — New Preston, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Preston, CT

% of Rental Stock

Property Listings — New Preston, CT

Demographics — New Preston, CT

Race and Ethnicity

Mortgage and Risk — New Preston, CT

Mortgages

Rentals and Section 8 — New Preston, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — New Preston, CT

Home Price to Income Ratio

New Preston, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Washington, CT

Warren, CT

Washington, CT

Litchfield, CT

Kent, CT

Frequently Asked Questions

What is the average home price in New Preston, CT 06777?

How have home prices in New Preston, CT 06777 changed over the past year?

What is the home price projection for New Preston, CT 06777?

What are the demographics of New Preston, CT 06777?

How long does it take homes to sell in New Preston, CT 06777?

What is the average rent price in New Preston, CT 06777?