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  4. /New Britain, CT - 06051

New Britain, CT—06051

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$292,000
8.5% YoY Growth
Household Income
$48,700
41.8% YoY Growth
Days on Market
32
5.0% Longer YoY
Home Price Forecast
3.7%
Median Rent
$1,600
5.7% YoY Growth
1-Bed Rent
$1,400
5.7% YoY Growth
2-Bed Rent
$1,500
N/A
3-Bed Rent
$1,800
N/A

Other Zip Codes in New Britain, CT

0605206053
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Britain, CT

As of May '26, the median home price in New Britain, CT is $292,000, with a year-over-year change of 8.5%. This indicates that home prices in New Britain, 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 TypeMedian Home ValueYoY % Change
All Homes
$292,0008.5%
Single Family $303,0008.2%
Condos $167,0009.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$221,00010.0%
    3 Bed
    		$301,0007.9%
    4 Bed
    		$318,0008.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    6.7%
    1 Bedroom
    19.4%
    2 Bedrooms
    34.8%
    3 Bedrooms
    33.5%
    4 Bedrooms
    3.7%
    5+ Bedrooms
    1.9%

    Rental Trends — New Britain, CT

    As of July '25, Rentcast reports the average rent in New Britain, CT is $1,670, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in New Britain, CT is studios: $1,300, 1-bedrooms: $1,490, 2-bedrooms: $1,610, 3-bedrooms: $1,850, 4-bedrooms: $1,500. The most common rental property sizes in New Britain, CT are 2-bedroom and 1-bedroom, accounting for 38.8% and 27.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,670
    Studio Rent $1,020$1,300
    1 Bed Rent $1,400$1,490
    2 Bed Rent $1,500$1,610
    3 Bed Rent $1,800$1,850
    4 Bed Rent $1,500$1,500
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    % of Rental Stock

    Studio
    7.9%
    1 Bedroom
    27.8%
    2 Bedrooms
    38.8%
    3 Bedrooms
    24.4%
    4 Bedrooms
    0.9%
    5+ Bedrooms
    0.1%

    Property Listings — New Britain, CT

    As of May '26, Realtor.com reports that the median days on market for a home in New Britain, CT is 32. This is a increase of 5.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$280,0005.0%
    Listing Count
    		1814.0%
    Listings as % of Homes0.2%14.0%
    Days on Market
    		325.0%
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    Demographics — New Britain, CT

    As of the latest ACS Survey released in 2023, New Britain, CT has a population of 29,400, which has decreased by -2.6% over the past 5 years. New Britain, CT is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 10.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		29,400-2.6%
    % Under 18
    		24.5%-8.6%
    % Seniors
    		14.4%39.8%
    % WFH
    		4.1%78.3%
    % w/ College Degree
    		10.1%-10.6%
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    As of the latest ACS Survey released in 2023, New Britain, CT is a predominantly hispanic area, with 51.8% of the population identifying as hispanic. The hispanic population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in New Britain, CT is white, making up 29.6% of the population. Foreign-born residents account for 15.3% of the population in New Britain, CT, and this percentage has increased by 8.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		29.6%12.1%
    % Black
    		13.8%-16.4%
    % Hispanic
    		51.8%-6.2%
    % Asian
    		1.7%13.3%
    % Foreign Born
    		15.3%8.5%
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    Mortgage and Risk — New Britain, CT

    According to HUD data as of 2023, there were 262 mortgage originations in New Britain, CT, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in New Britain, CT. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		262
    % Conventional Loans
    		70.0%
    % Government Loans
    		30.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — New Britain, CT

    As of 2024, the percent of homes in New Britain, CT under the Section 8 program is 19.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in New Britain, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,994
    Total Units Section 8
    		1,599
    % Rentals under Section 8
    		19.6%
    % Occupied Section 8
    		93.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$360$1,400$1,040
    2 Bedroom-$180$1,500$1,320
    3 Bedroom-$210$1,800$1,590
    4 Bedroom$390$1,500$1,890

    Affordability — New Britain, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$292,000
    Median Household Income$48,700

    New Britain, CT — ZIP Code Boundary Map

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    Frequently Asked Questions