Fairfield, CT—06824
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfield, CT
As of Oct '25, the median home price in Fairfield, CT is $1,047,000, with a year-over-year change of 1.6%. This indicates that home prices in 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 | $1,047,000 | 1.6% |
| Single Family | $1,081,000 | 1.6% |
| Condos | $696,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $441,000 | -2.0% |
2 Bed | $639,000 | 2.6% |
3 Bed | $847,000 | 1.7% |
4 Bed | $1,258,000 | 1.8% |
| 5 Bed | $1,843,000 | 3.0% |
% of Housing Stock
Rental Trends — Fairfield, CT
As of July '25, Rentcast reports the average rent in Fairfield, CT is $4,960, with a year-over-year rent change of -10.3%. Per bedroom, the median rent as of July '25 in Fairfield, CT is studios: $2,380, 1-bedrooms: $3,310, 2-bedrooms: $3,610, 3-bedrooms: $5,470, 4-bedrooms: $7,570. The most common rental property sizes in Fairfield, CT are 2-bedroom and 3-bedroom, accounting for 41.8% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,960 |
| Studio Rent | $2,370 | $2,380 |
| 1 Bed Rent | $3,500 | $3,310 |
| 2 Bed Rent | $3,000 | $3,610 |
| 3 Bed Rent | $5,500 | $5,470 |
| 4 Bed Rent | $8,500 | $7,570 |
% of Rental Stock
Property Listings — Fairfield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfield, CT is 42. This is a decrease of -5.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,900,000 | 27.0% |
Listing Count | 124 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 42 | -5.0% |
Demographics — Fairfield, CT
As of the latest ACS Survey released in 2023, Fairfield, CT has a population of 36,900, which has increased by 5.0% over the past 5 years. Fairfield, CT is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 77.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,900 | 5.0% |
% Under 18 | 25.8% | 6.2% |
% Seniors | 13.4% | -6.9% |
% WFH | 26.0% | 198.9% |
% w/ College Degree | 77.2% | 12.4% |
As of the latest ACS Survey released in 2023, Fairfield, CT is a predominantly white area, with 87.7% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Fairfield, CT is asian, making up 4.8% of the population. Foreign-born residents account for 10.7% of the population in Fairfield, CT, and this percentage has increased by 11.5% 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 | 87.7% | -0.2% |
% Black | 0.4% | -75.0% |
% Hispanic | 4.7% | 9.3% |
% Asian | 4.8% | 26.3% |
% Foreign Born | 10.7% | 11.5% |
Mortgage and Risk — Fairfield, CT
According to HUD data as of 2023, there were 519 mortgage originations in Fairfield, CT, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Fairfield, CT. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 519 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Fairfield, CT
As of 2024, the percent of homes in Fairfield, CT under the Section 8 program is 6.7%. 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. In Fairfield, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 130 |
Total Units Section 8 | 130 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 82.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,160 | $3,500 | $2,340 |
| 2 Bedroom | -$70 | $3,000 | $2,930 |
| 3 Bedroom | -$1,870 | $5,500 | $3,630 |
| 4 Bedroom | -$4,270 | $8,500 | $4,230 |
Affordability — Fairfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $1,047,000 |
| Median Household Income | $193,000 |