Greenwich, CT—06830
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 $2,284,000, with a year-over-year change of 3.5%. This indicates that home prices in Greenwich, CT are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,284,000 | 3.5% |
| Single Family | $2,862,000 | 4.1% |
| Condos | $1,081,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $620,000 | -0.5% |
2 Bed | $950,000 | 1.4% |
3 Bed | $1,504,000 | 3.6% |
4 Bed | $2,720,000 | 5.4% |
| 5 Bed | $4,900,000 | 7.2% |
% of Housing Stock
Rental Trends — Greenwich, CT
As of July '25, Rentcast reports the average rent in Greenwich, CT is $4,570, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Greenwich, CT is studios: $3,650, 1-bedrooms: $3,450, 2-bedrooms: $4,740, 3-bedrooms: $5,440, 4-bedrooms: $5,760. The most common rental property sizes in Greenwich, CT are 2-bedroom and 3-bedroom, accounting for 34.8% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $4,570 |
| Studio Rent | $3,300 | $3,650 |
| 1 Bed Rent | $2,900 | $3,450 |
| 2 Bed Rent | $4,250 | $4,740 |
| 3 Bed Rent | $5,100 | $5,440 |
| 4 Bed Rent | $5,500 | $5,760 |
% 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 40. This is a decrease of -15.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,840,000 | 3.0% |
Listing Count | 77 | -26.0% |
| Listings as % of Homes | 0.9% | -26.0% |
Days on Market | 40 | -15.0% |
Demographics — Greenwich, CT
As of the latest ACS Survey released in 2023, Greenwich, CT has a population of 24,900, which has decreased by -1.3% over the past 5 years. Greenwich, CT is a moderately popular place for families, as children make up 22.6% of the population. The area has a highly educated workforce, with 69.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | -1.3% |
% Under 18 | 22.6% | -3.8% |
% Seniors | 19.3% | 15.6% |
% WFH | 19.6% | 148.1% |
% w/ College Degree | 69.0% | 15.8% |
As of the latest ACS Survey released in 2023, Greenwich, CT is a predominantly white area, with 63.8% 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 Greenwich, CT is hispanic, making up 18.3% of the population. Foreign-born residents account for 24.0% of the population in Greenwich, CT, and this percentage has decreased by 13.4% 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 | 63.8% | -3.2% |
% Black | 6.4% | 25.5% |
% Hispanic | 18.3% | -10.7% |
% Asian | 5.9% | -15.7% |
% Foreign Born | 24.0% | -13.4% |
Mortgage and Risk — Greenwich, CT
According to HUD data as of 2023, there were 230 mortgage originations in Greenwich, CT, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Greenwich, CT. Investor activity is low, as 3.0% 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 | 230 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Greenwich, CT
As of 2024, the percent of homes in Greenwich, CT under the Section 8 program is 8.5%. 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. In Greenwich, 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 | 689 |
Total Units Section 8 | 369 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$550 | $2,900 | $2,350 |
| 2 Bedroom | -$1,430 | $4,250 | $2,820 |
| 3 Bedroom | -$1,670 | $5,100 | $3,430 |
| 4 Bedroom | -$1,670 | $5,500 | $3,830 |
Affordability — Greenwich, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 13.7 |
| Median Home Price | $2,284,000 |
| Median Household Income | $147,000 |