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  4. /Suffield, CT - 06078

Suffield, CT—06078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$498,000
6.1% YoY Growth
Household Income
$120,000
7.8% YoY Growth
Days on Market
19
39.0% Longer YoY
Home Price Forecast
3.6%
Median Rent
$3,750
N/A
1-Bed Rent
$1,400
N/A
2-Bed Rent
$2,300
N/A
3-Bed Rent
$3,750
N/A

Other Zip Codes in Suffield, CT

06093
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Suffield, CT

As of May '26, the median home price in Suffield, CT is $498,000, with a year-over-year change of 6.1%. This indicates that home prices in Suffield, CT are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$498,0006.1%
Single Family $540,0005.5%
Condos $335,0005.3%

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
    		$327,0005.1%
    3 Bed
    		$482,0005.9%
    4 Bed
    		$654,0006.0%
    5 Bed $751,5246.5%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    4.7%
    2 Bedrooms
    23.3%
    3 Bedrooms
    34.4%
    4 Bedrooms
    29.4%
    5+ Bedrooms
    7.0%

    Rental Trends — Suffield, CT

    Suffield, CT lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$3,750$3,660
    Studio Rent N/AN/A
    1 Bed Rent $1,400$1,400
    2 Bed Rent $2,300$2,320
    3 Bed Rent $3,750$3,980
    4 Bed Rent $5,300$5,550
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    % of Rental Stock

    Studio
    7.0%
    1 Bedroom
    14.4%
    2 Bedrooms
    52.3%
    3 Bedrooms
    6.1%
    4 Bedrooms
    18.9%
    5+ Bedrooms
    1.3%

    Property Listings — Suffield, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Suffield, CT is 19. This is a increase of 39.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$575,000-2.0%
    Listing Count
    		29-3.0%
    Listings as % of Homes0.7%-3.0%
    Days on Market
    		1939.0%
    Loading chart...

    Demographics — Suffield, CT

    As of the latest ACS Survey released in 2023, Suffield, CT has a population of 10,800, which has decreased by -14.3% over the past 5 years. Suffield, CT is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 44.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,800-14.3%
    % Under 18
    		16.2%-10.5%
    % Seniors
    		19.6%26.5%
    % WFH
    		17.5%272.3%
    % w/ College Degree
    		44.8%5.4%
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    As of the latest ACS Survey released in 2023, Suffield, CT is a predominantly white area, with 82.3% of the population identifying as white. The white population has grown by 8.4% in the last 5 years. The second most common race or ethnicity in Suffield, CT is hispanic, making up 8.5% of the population. Foreign-born residents account for 5.6% of the population in Suffield, CT, and this percentage has decreased by 28.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.3%8.4%
    % Black
    		3.7%-68.4%
    % Hispanic
    		8.5%9.0%
    % Asian
    		3.1%3.3%
    % Foreign Born
    		5.6%-28.2%
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    Mortgage and Risk — Suffield, CT

    According to HUD data as of 2023, there were 241 mortgage originations in Suffield, CT, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Suffield, CT. Investor activity is low, as 2.0% 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
    		241
    % Conventional Loans
    		91.0%
    % Government Loans
    		9.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Suffield, CT

    As of 2024, the percent of homes in Suffield, CT under the Section 8 program is 2.8%. 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. In Suffield, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		17
    Total Units Section 8
    		17
    % Rentals under Section 8
    		2.8%
    % Occupied Section 8
    		80.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$60$1,400$1,340
    2 Bedroom-$610$2,300$1,690
    3 Bedroom-$1,710$3,750$2,040
    4 Bedroom-$2,880$5,300$2,420

    Affordability — Suffield, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$498,000
    Median Household Income$120,000

    Suffield, CT — ZIP Code Boundary Map

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    Frequently Asked Questions