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Fairfield, CT—06890

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,496,000
7.9% YoY Growth
Household Income
$215,000
12.0% YoY Growth
Days on Market
45
85.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$4,300
44.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$2,650
N/A
3-Bed Rent
$5,000
N/A

Other Zip Codes in Fairfield, CT

0682406825
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fairfield, CT

As of May '26, the median home price in Fairfield, CT is $1,496,000, with a year-over-year change of 7.9%. This indicates that home prices in Fairfield, CT are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,496,0007.9%
Single Family $1,687,0007.9%
Condos $694,0006.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$624,0005.9%
    3 Bed
    		$1,112,0006.6%
    4 Bed
    		$1,745,0007.9%
    5 Bed $2,409,34110.0%
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    2.5%
    2 Bedrooms
    21.9%
    3 Bedrooms
    25.4%
    4 Bedrooms
    30.6%
    5+ Bedrooms
    19.0%

    Rental Trends — Fairfield, CT

    As of July '25, Rentcast reports the average rent in Fairfield, CT is $4,830, with a year-over-year rent change of -44.8%. Per bedroom, the median rent as of July '25 in Fairfield, CT is studios: $1,750, 2-bedrooms: $3,320, 3-bedrooms: $5,170, 4-bedrooms: $8,900. The most common rental property sizes in Fairfield, CT are 2-bedroom and 3-bedroom, accounting for 40.4% and 29.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$4,300$4,830
    Studio Rent $1,750$1,750
    1 Bed Rent N/AN/A
    2 Bed Rent $2,650$3,320
    3 Bed Rent $5,000$5,170
    4 Bed Rent $8,900$8,900
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    % of Rental Stock

    Studio
    4.8%
    1 Bedroom
    22.1%
    2 Bedrooms
    40.4%
    3 Bedrooms
    29.3%
    4 Bedrooms
    3.4%

    Property Listings — Fairfield, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Fairfield, CT is 45. This is a increase of 85.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,600,00013.0%
    Listing Count
    		2734.0%
    Listings as % of Homes0.9%34.0%
    Days on Market
    		4585.0%
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    Demographics — Fairfield, CT

    As of the latest ACS Survey released in 2023, Fairfield, CT has a population of 4,570, which has increased by 5.9% over the past 5 years. Fairfield, CT is a popular place for families, as children make up 28.0% of the population. The area has a highly educated workforce, with 83.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,5705.9%
    % Under 18
    		28.0%18.6%
    % Seniors
    		18.0%-13.5%
    % WFH
    		29.1%57.3%
    % w/ College Degree
    		83.6%8.9%
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    As of the latest ACS Survey released in 2023, Fairfield, CT is a predominantly white area, with 88.9% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Fairfield, CT is asian, making up 4.8% of the population. Foreign-born residents account for 8.3% of the population in Fairfield, CT, and this percentage has decreased by 23.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.9%0.2%
    % Black
    		0.6%-68.4%
    % Hispanic
    		4.3%-18.9%
    % Asian
    		4.8%118.2%
    % Foreign Born
    		8.3%-23.9%
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    Mortgage and Risk — Fairfield, CT

    According to HUD data as of 2023, there were 105 mortgage originations in Fairfield, CT, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Fairfield, CT. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		105
    % Conventional Loans
    		99.0%
    % Government Loans
    		1.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Fairfield, CT

    Fairfield, CT lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		0.5%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$2,360
    2 Bedroom$300$2,650$2,950
    3 Bedroom-$1,340$5,000$3,660
    4 Bedroom-$4,640$8,900$4,260

    Affordability — Fairfield, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.5
    Median Home Price$1,496,000
    Median Household Income$215,000

    Fairfield, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    06824

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    Frequently Asked Questions