Greenwich, CT—06870
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 $2,373,000, with a year-over-year change of 6.0%. This indicates that home prices in Greenwich, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,373,000 | 6.0% |
| Single Family | $2,724,000 | 7.4% |
| Condos | $624,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $491,000 | 2.7% |
2 Bed | $948,000 | 6.0% |
3 Bed | $1,734,000 | 5.1% |
4 Bed | $2,562,000 | 7.2% |
| 5 Bed | $3,969,000 | 8.8% |
% of Housing Stock
Rental Trends — Greenwich, CT
As of July '25, Rentcast reports the average rent in Greenwich, CT is $6,460, with a year-over-year rent change of 24.0%. Per bedroom, the median rent as of July '25 in Greenwich, CT is 1-bedrooms: $3,750, 2-bedrooms: $5,750, 3-bedrooms: $8,830, 4-bedrooms: $7,640. The most common rental property sizes in Greenwich, CT are 2-bedroom and 4-bedroom, accounting for 27.8% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,400 | $6,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,700 | $3,750 |
| 2 Bed Rent | $6,300 | $5,750 |
| 3 Bed Rent | $10,000 | $8,830 |
| 4 Bed Rent | $6,800 | $7,640 |
% 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 -25.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,000,000 | 21.0% |
Listing Count | 21 | -21.0% |
| Listings as % of Homes | 0.7% | -21.0% |
Days on Market | 40 | -25.0% |
Demographics — Greenwich, CT
As of the latest ACS Survey released in 2023, Greenwich, CT has a population of 7,900, which has increased by 5.3% over the past 5 years. Greenwich, CT is a popular place for families, as children make up 32.4% of the population. The area has a highly educated workforce, with 83.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,900 | 5.3% |
% Under 18 | 32.4% | 0.9% |
% Seniors | 14.2% | 7.6% |
% WFH | 33.3% | 301.2% |
% w/ College Degree | 83.3% | 6.2% |
As of the latest ACS Survey released in 2023, Greenwich, CT is a predominantly white area, with 75.0% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Greenwich, CT is asian, making up 9.7% of the population. Foreign-born residents account for 20.6% of the population in Greenwich, CT, and this percentage has decreased by 17.9% 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 | 75.0% | -2.8% |
% Black | 2.2% | 340.0% |
% Hispanic | 7.8% | -24.3% |
% Asian | 9.7% | 21.2% |
% Foreign Born | 20.6% | -17.9% |
Mortgage and Risk — Greenwich, CT
According to HUD data as of 2023, there were 94 mortgage originations in Greenwich, CT, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Greenwich, CT. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Greenwich, CT
As of 2024, the percent of homes in Greenwich, CT under the Section 8 program is 0.2%. 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 | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $2,700 | $2,510 |
| 2 Bedroom | -$3,280 | $6,300 | $3,020 |
| 3 Bedroom | -$6,320 | $10,000 | $3,680 |
| 4 Bedroom | -$2,700 | $6,800 | $4,100 |
Affordability — Greenwich, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $2,373,000 |
| Median Household Income | $228,000 |