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Fairfield, CT—06824

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,143,000
6.9% YoY Growth
Household Income
$193,000
33.8% YoY Growth
Days on Market
18
12.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$4,500
10.3% YoY Growth
1-Bed Rent
$3,500
N/A
2-Bed Rent
$3,000
44.4% YoY Growth
3-Bed Rent
$5,500
10.9% YoY Growth

Other Zip Codes in Fairfield, CT

0689006825
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fairfield, CT

As of May '26, the median home price in Fairfield, CT is $1,143,000, with a year-over-year change of 6.9%. This indicates that home prices in Fairfield, CT are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,143,0006.9%
Single Family $1,184,0007.2%
Condos $738,0007.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $465,000
    1.5%
    2 Bed
    		$680,0007.8%
    3 Bed
    		$924,0006.8%
    4 Bed
    		$1,373,0007.1%
    5 Bed $1,982,3249.2%
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    2.9%
    2 Bedrooms
    13.7%
    3 Bedrooms
    38.2%
    4 Bedrooms
    31.0%
    5+ Bedrooms
    13.3%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.1%
    1 Bedroom
    11.7%
    2 Bedrooms
    41.8%
    3 Bedrooms
    27.8%
    4 Bedrooms
    14.7%
    5+ Bedrooms
    1.9%

    Property Listings — Fairfield, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Fairfield, CT is 18. This is a increase of 12.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,550,00013.0%
    Listing Count
    		115-17.0%
    Listings as % of Homes0.7%-17.0%
    Days on Market
    		1812.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		36,9005.0%
    % Under 18
    		25.8%6.2%
    % Seniors
    		13.4%-6.9%
    % WFH
    		26.0%198.9%
    % w/ College Degree
    		77.2%12.4%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.8
    Median Home Price$1,143,000
    Median Household Income$193,000

    Fairfield, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Fairfield, CT

    06890

    Fairfield, CT

    06825

    Bridgeport, CT

    06605

    Westport, CT

    06880

    Bridgeport, CT

    06604

    Frequently Asked Questions