Torrington, CT—06790
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Torrington, CT
As of Oct '25, the median home price in Torrington, CT is $287,000, with a year-over-year change of 3.6%. This indicates that home prices in Torrington, 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 | $287,000 | 3.6% |
| Single Family | $299,000 | 2.4% |
| Condos | $213,000 | 6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $155,000 | 1.3% |
2 Bed | $241,000 | 4.8% |
3 Bed | $299,000 | 2.7% |
4 Bed | $353,000 | 2.9% |
| 5 Bed | $373,000 | 1.6% |
% of Housing Stock
Rental Trends — Torrington, CT
As of July '25, Rentcast reports the average rent in Torrington, CT is $1,750, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Torrington, CT is studios: $1,400, 1-bedrooms: $1,360, 2-bedrooms: $1,610, 3-bedrooms: $2,190, 4-bedrooms: $2,510. The most common rental property sizes in Torrington, CT are 2-bedroom and 1-bedroom, accounting for 39.7% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,750 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,250 | $1,360 |
| 2 Bed Rent | $1,600 | $1,610 |
| 3 Bed Rent | $2,000 | $2,190 |
| 4 Bed Rent | $2,200 | $2,510 |
% of Rental Stock
Property Listings — Torrington, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Torrington, CT is 36. This is a increase of 29.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -1.0% |
Listing Count | 124 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 36 | 29.0% |
Demographics — Torrington, CT
As of the latest ACS Survey released in 2023, Torrington, CT has a population of 35,500, which has increased by 2.6% over the past 5 years. Torrington, CT is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,500 | 2.6% |
% Under 18 | 17.6% | -8.8% |
% Seniors | 18.5% | -1.6% |
% WFH | 7.9% | 172.4% |
% w/ College Degree | 24.5% | 8.9% |
As of the latest ACS Survey released in 2023, Torrington, CT is a predominantly white area, with 72.7% 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 Torrington, CT is hispanic, making up 13.6% of the population. Foreign-born residents account for 11.9% of the population in Torrington, CT, and this percentage has increased by 8.2% 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 | 72.7% | -10.8% |
% Black | 6.5% | 58.5% |
% Hispanic | 13.6% | 19.3% |
% Asian | 3.0% | 20.0% |
% Foreign Born | 11.9% | 8.2% |
Mortgage and Risk — Torrington, CT
According to HUD data as of 2023, there were 814 mortgage originations in Torrington, CT, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Torrington, CT. Investor activity is low, as 2.0% 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 | 814 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Torrington, CT
Torrington, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,178 |
Total Units Section 8 | 748 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,250 | $1,130 |
| 2 Bedroom | -$200 | $1,600 | $1,400 |
| 3 Bedroom | -$250 | $2,000 | $1,750 |
| 4 Bedroom | -$200 | $2,200 | $2,000 |
Affordability — Torrington, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $287,000 |
| Median Household Income | $69,700 |