Fairfield, CT—06890
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfield, CT
As of Oct '25, the median home price in Fairfield, CT is $1,385,000, with a year-over-year change of 4.2%. This indicates that home prices in Fairfield, CT are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,385,000 | 4.2% |
| Single Family | $1,553,000 | 4.0% |
| Condos | $656,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $592,000 | 4.6% |
3 Bed | $1,015,000 | 2.9% |
4 Bed | $1,605,000 | 3.8% |
| 5 Bed | $2,236,000 | 6.1% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,300 | $4,830 |
| Studio Rent | $1,750 | $1,750 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,650 | $3,320 |
| 3 Bed Rent | $5,000 | $5,170 |
| 4 Bed Rent | $8,900 | $8,900 |
% of Rental Stock
Property Listings — Fairfield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfield, CT is 40. This is a decrease of -20.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,900,000 | 11.0% |
Listing Count | 17 | -44.0% |
| Listings as % of Homes | 0.9% | -44.0% |
Days on Market | 40 | -20.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,570 | 5.9% |
% Under 18 | 28.0% | 18.6% |
% Seniors | 18.0% | -13.5% |
% WFH | 29.1% | 57.3% |
% w/ College Degree | 83.6% | 8.9% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $1,385,000 |
| Median Household Income | $215,000 |