Redding, CT 06896 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Redding, CT—06896

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$826,000

2.7% YoY Growth

Household Income

$175,000

36.5% YoY Growth

Days on Market

120

71.0% Longer YoY

Home Price Forecast

2.9%

Median Rent

$3,250

22.6% YoY Growth

1-Bed Rent

$2,450

6.8% YoY Growth

2-Bed Rent

$3,000

5.7% YoY Growth

3-Bed Rent

$5,000

56.2% YoY Growth

Home Price Trends — Redding, CT

As of Dec '25, the median home price in Redding, CT is $826,000, with a year-over-year change of 2.7%. This indicates that home prices in Redding, CT are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$826,000	2.7%
Single Family	$830,000	2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.9%

1 Bedroom

21.0%

2 Bedrooms

48.6%

3 Bedrooms

20.7%

4 Bedrooms

3.0%

5+ Bedrooms

2.8%

Property Listings — Redding, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Redding, CT is 103. This is a increase of 67.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,110,000	-19.0%
Listing Count	24	-18.0%
Listings as % of Homes	0.5%	-18.0%
Days on Market	120	71.0%

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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%

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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%

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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%

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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

Redding, CT—06896

Key Metrics at a Glance

Home Price Trends — Redding, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Redding, CT

% of Rental Stock

Property Listings — Redding, CT

Demographics — Redding, CT

Race and Ethnicity

Mortgage and Risk — Redding, CT

Mortgages

Rentals and Section 8 — Redding, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Redding, CT

Home Price to Income Ratio

Redding, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Bethel, CT

Weston, CT

Danbury, CT

Easton, CT

Wilton, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$826,000
Median Household Income	$175,000

Redding, CT—06896

Key Metrics at a Glance

Home Price Trends — Redding, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Redding, CT

% of Rental Stock

Property Listings — Redding, CT

Demographics — Redding, CT

Race and Ethnicity

Mortgage and Risk — Redding, CT

Mortgages

Rentals and Section 8 — Redding, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Redding, CT

Home Price to Income Ratio

Redding, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Bethel, CT

Weston, CT

Danbury, CT

Easton, CT

Wilton, CT

Frequently Asked Questions

What is the average home price in Redding, CT 06896?

How have home prices in Redding, CT 06896 changed over the past year?

What is the home price projection for Redding, CT 06896?

What are the demographics of Redding, CT 06896?

How long does it take homes to sell in Redding, CT 06896?

What is the average rent price in Redding, CT 06896?