New Fairfield, CT—06812
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Fairfield, CT
As of Oct '25, the median home price in New Fairfield, CT is $553,000, with a year-over-year change of 1.8%. This indicates that home prices in New Fairfield, CT are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $553,000 | 1.8% |
| Single Family | $566,000 | 2.0% |
| Condos | $351,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $386,000 | 2.4% |
2 Bed | $388,000 | 0.8% |
3 Bed | $517,000 | 2.0% |
4 Bed | $718,000 | 2.7% |
| 5 Bed | $889,000 | 4.3% |
% of Housing Stock
Rental Trends — New Fairfield, CT
As of July '25, Rentcast reports the average rent in New Fairfield, CT is $3,530, with a year-over-year rent change of -36.2%. Per bedroom, the median rent as of July '25 in New Fairfield, CT is 1-bedrooms: $2,910, 2-bedrooms: $3,040, 3-bedrooms: $3,520, 4-bedrooms: $5,750. The most common rental property sizes in New Fairfield, CT are 3-bedroom and 2-bedroom, accounting for 44.9% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,480 | $2,910 |
| 2 Bed Rent | $3,000 | $3,040 |
| 3 Bed Rent | $2,800 | $3,520 |
| 4 Bed Rent | $4,500 | $5,750 |
% of Rental Stock
Property Listings — New Fairfield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in New Fairfield, CT is 34. This is a decrease of -2.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $737,000 | -5.0% |
Listing Count | 60 | 25.0% |
| Listings as % of Homes | 0.7% | 25.0% |
Days on Market | 34 | -2.0% |
Demographics — New Fairfield, CT
As of the latest ACS Survey released in 2023, New Fairfield, CT has a population of 13,600, which has decreased by -3.1% over the past 5 years. New Fairfield, CT is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,600 | -3.1% |
% Under 18 | 25.9% | 20.5% |
% Seniors | 16.9% | -4.0% |
% WFH | 15.1% | 184.9% |
% w/ College Degree | 45.4% | -10.5% |
As of the latest ACS Survey released in 2023, New Fairfield, CT is a predominantly white area, with 74.7% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in New Fairfield, CT is hispanic, making up 13.3% of the population. Foreign-born residents account for 11.7% of the population in New Fairfield, CT, and this percentage has increased by 64.8% 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 | 74.7% | -16.3% |
% Black | 4.0% | 344.4% |
% Hispanic | 13.3% | 84.7% |
% Asian | 1.9% | 90.0% |
% Foreign Born | 11.7% | 64.8% |
Mortgage and Risk — New Fairfield, CT
According to HUD data as of 2023, there were 231 mortgage originations in New Fairfield, CT, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in New Fairfield, CT. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 231 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — New Fairfield, CT
As of 2024, the percent of homes in New Fairfield, CT under the Section 8 program is 2.5%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Fairfield, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $2,480 | $2,220 |
| 2 Bedroom | -$360 | $3,000 | $2,640 |
| 3 Bedroom | $550 | $2,800 | $3,350 |
| 4 Bedroom | -$860 | $4,500 | $3,640 |
Affordability — New Fairfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $553,000 |
| Median Household Income | $144,000 |