Westport, CT—06880
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westport, CT
As of Oct '25, the median home price in Westport, CT is $1,887,000, with a year-over-year change of 5.4%. This indicates that home prices in Westport, CT are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,887,000 | 5.4% |
| Single Family | $1,999,000 | 6.3% |
| Condos | $955,000 | 8.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $611,000 | 2.2% |
2 Bed | $994,000 | 7.3% |
3 Bed | $1,286,000 | 5.2% |
4 Bed | $1,867,000 | 5.8% |
| 5 Bed | $3,013,000 | 7.6% |
% of Housing Stock
Rental Trends — Westport, CT
As of July '25, Rentcast reports the average rent in Westport, CT is $5,640, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Westport, CT is studios: $2,630, 1-bedrooms: $3,650, 2-bedrooms: $4,460, 3-bedrooms: $6,380, 4-bedrooms: $7,570. The most common rental property sizes in Westport, CT are 2-bedroom and 1-bedroom, accounting for 29.9% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,750 | $5,640 |
| Studio Rent | $2,630 | $2,630 |
| 1 Bed Rent | $2,950 | $3,650 |
| 2 Bed Rent | $3,900 | $4,460 |
| 3 Bed Rent | $6,000 | $6,380 |
| 4 Bed Rent | $7,950 | $7,570 |
% of Rental Stock
Property Listings — Westport, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Westport, CT is 45. This is a increase of 6.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,090,000 | -9.0% |
Listing Count | 143 | 7.0% |
| Listings as % of Homes | 1.5% | 7.0% |
Days on Market | 45 | 6.0% |
Demographics — Westport, CT
As of the latest ACS Survey released in 2023, Westport, CT has a population of 27,400, which has decreased by -3.1% over the past 5 years. Westport, CT is a popular place for families, as children make up 28.0% of the population. The area has a highly educated workforce, with 77.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | -3.1% |
% Under 18 | 28.0% | 2.2% |
% Seniors | 18.5% | 14.2% |
% WFH | 35.6% | 161.8% |
% w/ College Degree | 77.7% | -0.3% |
As of the latest ACS Survey released in 2023, Westport, CT is a predominantly white area, with 79.3% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Westport, CT is hispanic, making up 8.9% of the population. Foreign-born residents account for 15.7% of the population in Westport, CT, and this percentage has increased by 18.9% 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 | 79.3% | -8.1% |
% Black | 2.2% | 340.0% |
% Hispanic | 8.9% | 107.0% |
% Asian | 4.9% | -24.6% |
% Foreign Born | 15.7% | 18.9% |
Mortgage and Risk — Westport, CT
According to HUD data as of 2023, there were 517 mortgage originations in Westport, CT, of which 99.0% 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 Westport, CT. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 517 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Westport, CT
As of 2024, the percent of homes in Westport, CT under the Section 8 program is 5.4%. 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 Westport, 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 | 77 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$750 | $2,950 | $2,200 |
| 2 Bedroom | -$1,260 | $3,900 | $2,640 |
| 3 Bedroom | -$2,790 | $6,000 | $3,210 |
| 4 Bedroom | -$4,370 | $7,950 | $3,580 |
Affordability — Westport, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $1,887,000 |
| Median Household Income | $250,000 |