Greenwich, CT—06807
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenwich, CT
As of Oct '25, the median home price in Greenwich, CT is $1,667,000, with a year-over-year change of 5.6%. This indicates that home prices in Greenwich, CT are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,667,000 | 5.6% |
| Single Family | $1,802,000 | 6.9% |
| Condos | $983,000 | 7.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $941,000 | 7.4% |
3 Bed | $1,396,000 | 6.2% |
4 Bed | $1,981,000 | 7.5% |
| 5 Bed | $2,771,000 | 8.2% |
% of Housing Stock
Rental Trends — Greenwich, CT
As of July '25, Rentcast reports the average rent in Greenwich, CT is $4,860, with a year-over-year rent change of -6.5%. Per bedroom, the median rent as of July '25 in Greenwich, CT is studios: $8,000, 1-bedrooms: $5,060, 2-bedrooms: $4,150, 3-bedrooms: $4,960, 4-bedrooms: $7,220. The most common rental property sizes in Greenwich, CT are 3-bedroom and 2-bedroom, accounting for 44.2% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,400 | $4,860 |
| Studio Rent | $8,000 | $8,000 |
| 1 Bed Rent | $1,980 | $5,060 |
| 2 Bed Rent | $4,100 | $4,150 |
| 3 Bed Rent | $4,400 | $4,960 |
| 4 Bed Rent | $6,950 | $7,220 |
% of Rental Stock
Property Listings — Greenwich, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenwich, CT is 58. This is a decrease of -6.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,090,000 | -29.0% |
Listing Count | 12 | -19.0% |
| Listings as % of Homes | 0.7% | -19.0% |
Days on Market | 58 | -6.0% |
Demographics — Greenwich, CT
As of the latest ACS Survey released in 2023, Greenwich, CT has a population of 7,670, which has increased by 3.7% over the past 5 years. Greenwich, CT is a popular place for families, as children make up 30.4% of the population. The area has a highly educated workforce, with 72.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,670 | 3.7% |
% Under 18 | 30.4% | 13.4% |
% Seniors | 13.5% | -11.2% |
% WFH | 24.2% | 87.6% |
% w/ College Degree | 72.9% | 8.6% |
As of the latest ACS Survey released in 2023, Greenwich, CT is a predominantly white area, with 62.9% of the population identifying as white. The white population has shrunk by 15.9% in the last 5 years. The second most common race or ethnicity in Greenwich, CT is hispanic, making up 13.2% of the population. Foreign-born residents account for 24.4% of the population in Greenwich, CT, and this percentage has decreased by 0.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.9% | -15.9% |
% Black | 3.9% | 333.3% |
% Hispanic | 13.2% | 15.8% |
% Asian | 6.9% | -36.7% |
% Foreign Born | 24.4% | -0.8% |
Mortgage and Risk — Greenwich, CT
According to HUD data as of 2023, there were 148 mortgage originations in Greenwich, CT, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Greenwich, CT. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 148 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Greenwich, CT
As of 2024, the percent of homes in Greenwich, CT under the Section 8 program is 3.4%. 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 Greenwich, 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 | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,980 | $2,300 |
| 2 Bedroom | -$1,330 | $4,100 | $2,770 |
| 3 Bedroom | -$1,030 | $4,400 | $3,370 |
| 4 Bedroom | -$3,190 | $6,950 | $3,760 |
Affordability — Greenwich, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $1,667,000 |
| Median Household Income | $194,000 |