Thomaston, CT—06787
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thomaston, CT
As of Oct '25, the median home price in Thomaston, CT is $342,000, with a year-over-year change of 3.0%. This indicates that home prices in Thomaston, CT are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | 3.0% |
| Single Family | $356,000 | 2.6% |
| Condos | $215,000 | 4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | 4.7% |
3 Bed | $363,000 | 2.5% |
4 Bed | $421,000 | 3.4% |
| 5 Bed | $437,000 | 1.6% |
% of Housing Stock
Rental Trends — Thomaston, CT
As of July '25, Rentcast reports the average rent in Thomaston, CT is $1,990, with a year-over-year rent change of -26.3%. Per bedroom, the median rent as of July '25 in Thomaston, CT is studios: $725, 2-bedrooms: $1,810, 3-bedrooms: $2,500, 4-bedrooms: $3,000. The most common rental property sizes in Thomaston, CT are 1-bedroom and 3-bedroom, accounting for 74.7% and 11.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,990 |
| Studio Rent | $725 | $725 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,810 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Thomaston, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Thomaston, CT is 27. This is a decrease of -13.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $312,000 | -6.0% |
Listing Count | 26 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 27 | -13.0% |
Demographics — Thomaston, CT
As of the latest ACS Survey released in 2023, Thomaston, CT has a population of 7,490, which has decreased by -4.1% over the past 5 years. Thomaston, CT is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,490 | -4.1% |
% Under 18 | 21.5% | 7.0% |
% Seniors | 17.5% | 2.9% |
% WFH | 8.1% | 170.0% |
% w/ College Degree | 35.9% | 30.5% |
As of the latest ACS Survey released in 2023, Thomaston, CT is a predominantly white area, with 79.6% of the population identifying as white. The white population has shrunk by 16.9% in the last 5 years. The second most common race or ethnicity in Thomaston, CT is hispanic, making up 8.8% of the population. Foreign-born residents account for 5.2% of the population in Thomaston, CT, and this percentage has increased by 18.2% 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 | 79.6% | -16.9% |
% Black | 2.0% | 300.0% |
% Hispanic | 8.8% | 214.3% |
% Asian | 2.0% | 400.0% |
% Foreign Born | 5.2% | 18.2% |
Mortgage and Risk — Thomaston, CT
According to HUD data as of 2023, there were 137 mortgage originations in Thomaston, CT, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Thomaston, CT. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Thomaston, CT
Thomaston, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 5 |
% 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 | N/A | N/A | $1,070 |
| 2 Bedroom | -$460 | $1,800 | $1,340 |
| 3 Bedroom | -$850 | $2,500 | $1,650 |
| 4 Bedroom | -$1,110 | $3,000 | $1,890 |
Affordability — Thomaston, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $342,000 |
| Median Household Income | $104,000 |