Redding, CT—06896
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Redding, CT
As of Oct '25, the median home price in Redding, CT is $837,000, with a year-over-year change of 2.5%. This indicates that home prices in Redding, 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 | $837,000 | 2.5% |
| Single Family | $842,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $564,000 | 2.4% |
3 Bed | $728,000 | 2.4% |
4 Bed | $937,000 | 3.0% |
| 5 Bed | $1,207,000 | 4.8% |
% of Housing Stock
Rental Trends — Redding, CT
As of July '25, Rentcast reports the average rent in Redding, CT is $3,840, with a year-over-year rent change of -22.6%. Per bedroom, the median rent as of July '25 in Redding, CT is 1-bedrooms: $2,610, 2-bedrooms: $3,170, 3-bedrooms: $5,000, 4-bedrooms: $5,000. The most common rental property sizes in Redding, CT are 2-bedroom and 1-bedroom, accounting for 48.6% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,250 | $3,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,450 | $2,610 |
| 2 Bed Rent | $3,000 | $3,170 |
| 3 Bed Rent | $5,000 | $5,000 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — Redding, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Redding, CT is 95. This is a increase of 80.0% 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 | $1,140,000 | -14.0% |
Listing Count | 42 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 95 | 80.0% |
Demographics — Redding, CT
As of the latest ACS Survey released in 2023, Redding, CT has a population of 8,720, which has decreased by -5.1% over the past 5 years. Redding, CT is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 72.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,720 | -5.1% |
% Under 18 | 19.6% | -12.9% |
% Seniors | 25.9% | 24.5% |
% WFH | 31.0% | 179.3% |
% w/ College Degree | 72.5% | 12.9% |
As of the latest ACS Survey released in 2023, Redding, CT is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in Redding, CT is hispanic, making up 9.0% of the population. Foreign-born residents account for 8.7% of the population in Redding, CT, and this percentage has increased by 14.5% 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 | 81.2% | -11.7% |
% Black | 0.7% | -12.5% |
% Hispanic | 9.0% | 125.0% |
% Asian | 3.7% | 208.3% |
% Foreign Born | 8.7% | 14.5% |
Mortgage and Risk — Redding, CT
According to HUD data as of 2023, there were 178 mortgage originations in Redding, CT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Redding, CT. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Redding, CT
As of 2024, the percent of homes in Redding, CT under the Section 8 program is 0.6%. 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 Redding, 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 | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $2,450 | $2,500 |
| 2 Bedroom | -$20 | $3,000 | $2,980 |
| 3 Bedroom | -$1,210 | $5,000 | $3,790 |
| 4 Bedroom | -$900 | $5,000 | $4,100 |
Affordability — Redding, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $837,000 |
| Median Household Income | $175,000 |