Fairfield, CT—06825
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 $696,000, with a year-over-year change of 2.2%. This indicates that home prices in Fairfield, CT are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $696,000 | 2.3% |
| Single Family | $725,000 | 2.4% |
| Condos | $496,000 | 6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $311,000 | 0.3% |
2 Bed | $483,000 | 4.1% |
3 Bed | $664,000 | 2.5% |
4 Bed | $861,000 | 2.7% |
| 5 Bed | $1,094,000 | 4.1% |
% of Housing Stock
Rental Trends — Fairfield, CT
As of July '25, Rentcast reports the average rent in Fairfield, CT is $3,370, with a year-over-year rent change of 34.8%. Per bedroom, the median rent as of July '25 in Fairfield, CT is studios: $1,210, 1-bedrooms: $2,300, 2-bedrooms: $2,960, 3-bedrooms: $4,270, 4-bedrooms: $4,870. The most common rental property sizes in Fairfield, CT are 2-bedroom and 1-bedroom, accounting for 41.3% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,370 |
| Studio Rent | $928 | $1,210 |
| 1 Bed Rent | $2,200 | $2,300 |
| 2 Bed Rent | $2,700 | $2,960 |
| 3 Bed Rent | $4,200 | $4,270 |
| 4 Bed Rent | $4,500 | $4,870 |
% 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 33. This is a decrease of -26.0% 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 | $821,000 | 21.0% |
Listing Count | 55 | -13.0% |
| Listings as % of Homes | 0.6% | -13.0% |
Days on Market | 33 | -26.0% |
Demographics — Fairfield, CT
As of the latest ACS Survey released in 2023, Fairfield, CT has a population of 21,000, which has decreased by -4.6% over the past 5 years. Fairfield, CT is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 59.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,000 | -4.6% |
% Under 18 | 20.0% | -6.1% |
% Seniors | 19.3% | 10.3% |
% WFH | 22.7% | 180.2% |
% w/ College Degree | 59.6% | 6.6% |
As of the latest ACS Survey released in 2023, Fairfield, CT is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Fairfield, CT is hispanic, making up 11.7% of the population. Foreign-born residents account for 17.8% of the population in Fairfield, CT, and this percentage has increased by 13.4% 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 | 78.2% | -3.2% |
% Black | 1.8% | -30.8% |
% Hispanic | 11.7% | 39.3% |
% Asian | 5.1% | -16.4% |
% Foreign Born | 17.8% | 13.4% |
Mortgage and Risk — Fairfield, CT
According to HUD data as of 2023, there were 408 mortgage originations in Fairfield, CT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairfield, CT. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 408 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Fairfield, CT
As of 2024, the percent of homes in Fairfield, CT under the Section 8 program is 13.6%. 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 | 222 |
Total Units Section 8 | 212 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $2,200 | $1,980 |
| 2 Bedroom | -$220 | $2,700 | $2,480 |
| 3 Bedroom | -$1,120 | $4,200 | $3,080 |
| 4 Bedroom | -$920 | $4,500 | $3,580 |
Affordability — Fairfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $696,000 |
| Median Household Income | $127,000 |