Greenwich, CT—06831
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 $1,981,000, with a year-over-year change of 4.8%. This indicates that home prices in Greenwich, CT are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,981,000 | 4.8% |
| Single Family | $2,388,000 | 5.9% |
| Condos | $1,201,000 | 6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $528,000 | 3.9% |
2 Bed | $986,000 | 3.8% |
3 Bed | $1,284,000 | 3.7% |
4 Bed | $1,959,000 | 5.0% |
| 5 Bed | $4,734,000 | 9.9% |
% of Housing Stock
Rental Trends — Greenwich, CT
As of July '25, Rentcast reports the average rent in Greenwich, CT is $5,410, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Greenwich, CT is studios: $1,980, 1-bedrooms: $4,730, 2-bedrooms: $3,870, 3-bedrooms: $6,210, 4-bedrooms: $6,560. The most common rental property sizes in Greenwich, CT are 3-bedroom and 2-bedroom, accounting for 43.3% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,320 | $5,410 |
| Studio Rent | $1,980 | $1,980 |
| 1 Bed Rent | $3,750 | $4,730 |
| 2 Bed Rent | $3,400 | $3,870 |
| 3 Bed Rent | $6,500 | $6,210 |
| 4 Bed Rent | $5,500 | $6,560 |
% 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 42. This is a increase of 23.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $5,620,000 | 3.0% |
Listing Count | 70 | -23.0% |
| Listings as % of Homes | 1.2% | -23.0% |
Days on Market | 42 | 23.0% |
Demographics — Greenwich, CT
As of the latest ACS Survey released in 2023, Greenwich, CT has a population of 14,700, which has remained stable by 0.2% over the past 5 years. Greenwich, CT is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 69.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,700 | 0.2% |
% Under 18 | 21.2% | 1.0% |
% Seniors | 22.1% | 2.3% |
% WFH | 25.8% | 163.3% |
% w/ College Degree | 69.5% | 6.4% |
As of the latest ACS Survey released in 2023, Greenwich, CT is a predominantly white area, with 85.2% of the population identifying as white. The white population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Greenwich, CT is hispanic, making up 7.1% of the population. Foreign-born residents account for 13.6% of the population in Greenwich, CT, and this percentage has decreased by 11.7% 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 | 85.2% | 3.5% |
% Black | 1.1% | -78.4% |
% Hispanic | 7.1% | 18.3% |
% Asian | 4.4% | -6.4% |
% Foreign Born | 13.6% | -11.7% |
Mortgage and Risk — Greenwich, CT
According to HUD data as of 2023, there were 246 mortgage originations in Greenwich, CT, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Greenwich, CT. Investor activity is low, as 2.0% 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 | 246 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% 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 4.0%. 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 | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,210 | $3,750 | $2,540 |
| 2 Bedroom | -$350 | $3,400 | $3,050 |
| 3 Bedroom | -$2,790 | $6,500 | $3,710 |
| 4 Bedroom | -$1,360 | $5,500 | $4,140 |
Affordability — Greenwich, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $1,981,000 |
| Median Household Income | $219,000 |