Greenwich, CT—06878
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 $2,425,000, with a year-over-year change of 6.8%. This indicates that home prices in Greenwich, CT are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,425,000 | 6.8% |
| Single Family | $2,535,000 | 7.4% |
| Condos | $995,000 | 6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $940,000 | 3.6% |
3 Bed | $1,442,000 | 4.9% |
4 Bed | $2,292,000 | 7.3% |
| 5 Bed | $3,949,000 | 9.7% |
% of Housing Stock
Rental Trends — Greenwich, CT
As of July '25, Rentcast reports the average rent in Greenwich, CT is $6,520, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Greenwich, CT is 1-bedrooms: $2,500, 2-bedrooms: $4,550, 3-bedrooms: $5,530, 4-bedrooms: $7,920. The most common rental property sizes in Greenwich, CT are 2-bedroom and 5+ bedroom, accounting for 47.2% and 15.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,800 | $6,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,500 | $2,500 |
| 2 Bed Rent | $4,300 | $4,550 |
| 3 Bed Rent | $5,800 | $5,530 |
| 4 Bed Rent | $8,750 | $7,920 |
% 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 38. 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,660,000 | 43.0% |
Listing Count | 24 | 42.0% |
| Listings as % of Homes | 0.7% | 42.0% |
Days on Market | 38 | -26.0% |
Demographics — Greenwich, CT
As of the latest ACS Survey released in 2023, Greenwich, CT has a population of 8,450, which has increased by 4.5% over the past 5 years. Greenwich, CT is a popular place for families, as children make up 30.3% of the population. The area has a highly educated workforce, with 78.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,450 | 4.5% |
% Under 18 | 30.3% | -4.4% |
% Seniors | 13.4% | -2.9% |
% WFH | 33.1% | 341.3% |
% w/ College Degree | 78.7% | 11.9% |
As of the latest ACS Survey released in 2023, Greenwich, CT is a predominantly white area, with 61.8% of the population identifying as white. The white population has shrunk by 12.3% in the last 5 years. The second most common race or ethnicity in Greenwich, CT is hispanic, making up 16.3% of the population. Foreign-born residents account for 31.4% of the population in Greenwich, CT, and this percentage has increased by 22.2% 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 | 61.8% | -12.3% |
% Black | 2.8% | 47.4% |
% Hispanic | 16.3% | 21.6% |
% Asian | 13.4% | 14.5% |
% Foreign Born | 31.4% | 22.2% |
Mortgage and Risk — Greenwich, CT
According to HUD data as of 2023, there were 154 mortgage originations in Greenwich, CT, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Greenwich, CT. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 154 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Greenwich, CT
As of 2024, the percent of homes in Greenwich, CT under the Section 8 program is 11.7%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Greenwich, CT, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 48 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 97.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $2,500 | $2,520 |
| 2 Bedroom | -$1,240 | $4,300 | $3,060 |
| 3 Bedroom | -$2,080 | $5,800 | $3,720 |
| 4 Bedroom | -$4,690 | $8,750 | $4,060 |
Affordability — Greenwich, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $2,425,000 |
| Median Household Income | $250,000 |