Willimantic, CT 06226 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Willimantic, CT—06226

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$264,000

5.5% YoY Growth

Household Income

$44,100

22.6% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

3.1%

Median Rent

$1,600

12.0% YoY Growth

1-Bed Rent

$1,200

N/A

2-Bed Rent

$1,600

N/A

3-Bed Rent

$1,800

N/A

Home Price Trends — Willimantic, CT

As of Dec '25, the median home price in Willimantic, CT is $264,000, with a year-over-year change of 5.5%. This indicates that home prices in Willimantic, CT are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$264,000	5.5%
Single Family	$266,000	4.3%
Condos	$204,000	4.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Willimantic, CT

As of July '25, Rentcast reports the average rent in Willimantic, CT is $1,680, with a year-over-year rent change of 12.0%. Per bedroom, the median rent as of July '25 in Willimantic, CT is studios: $1,080, 1-bedrooms: $1,070, 2-bedrooms: $1,660, 3-bedrooms: $1,930, 4-bedrooms: $2,600. The most common rental property sizes in Willimantic, CT are 2-bedroom and 1-bedroom, accounting for 36.6% and 29.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,680
Studio Rent	$1,080	$1,080
1 Bed Rent	$1,200	$1,070
2 Bed Rent	$1,600	$1,660
3 Bed Rent	$1,800	$1,930
4 Bed Rent	$2,400	$2,600

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% of Rental Stock

Studio

3.5%

1 Bedroom

29.7%

2 Bedrooms

36.6%

3 Bedrooms

26.1%

4 Bedrooms

1.2%

5+ Bedrooms

3.0%

Property Listings — Willimantic, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Willimantic, CT is 42. This is a increase of 28.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$246,000	-3.0%
Listing Count	13	43.0%
Listings as % of Homes	0.2%	43.0%
Days on Market	42	-1.0%

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Demographics — Willimantic, CT

As of the latest ACS Survey released in 2023, Willimantic, CT has a population of 19,100, which has decreased by -4.0% over the past 5 years. Willimantic, CT is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,100	-4.0%
% Under 18	19.6%	-8.0%
% Seniors	11.5%	22.3%
% WFH	5.6%	115.4%
% w/ College Degree	21.7%	11.3%

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As of the latest ACS Survey released in 2023, Willimantic, CT is a predominantly hispanic area, with 45.0% of the population identifying as hispanic. The hispanic population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Willimantic, CT is white, making up 44.4% of the population. Foreign-born residents account for 9.2% of the population in Willimantic, CT, and this percentage has decreased by 30.8% 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	44.4%	3.7%
% Black	6.3%	5.0%
% Hispanic	45.0%	-4.1%
% Asian	2.1%	-38.2%
% Foreign Born	9.2%	-30.8%

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Mortgage and Risk — Willimantic, CT

According to HUD data as of 2023, there were 162 mortgage originations in Willimantic, CT, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Willimantic, CT. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	162
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	6.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Willimantic, CT

As of 2024, the percent of homes in Willimantic, CT under the Section 8 program is 24.3%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Willimantic, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,387
Total Units Section 8	1,137
% Rentals under Section 8	24.3%
% Occupied Section 8	92.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$20	$1,200	$1,180
2 Bedroom	-$50	$1,600	$1,550
3 Bedroom	$100	$1,800	$1,900
4 Bedroom	-$130	$2,400	$2,270

Willimantic, CT—06226

Key Metrics at a Glance

Home Price Trends — Willimantic, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Willimantic, CT

% of Rental Stock

Property Listings — Willimantic, CT

Demographics — Willimantic, CT

Race and Ethnicity

Mortgage and Risk — Willimantic, CT

Mortgages

Rentals and Section 8 — Willimantic, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Willimantic, CT

Home Price to Income Ratio

Willimantic, CT — ZIP Code Boundary Map

Nearby ZIP Codes

South Windham, CT

Windham, CT

Mansfield, CT

Windham, CT

Lebanon, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.8
Median Home Price	$264,000
Median Household Income	$44,100

Willimantic, CT—06226

Key Metrics at a Glance

Home Price Trends — Willimantic, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Willimantic, CT

% of Rental Stock

Property Listings — Willimantic, CT

Demographics — Willimantic, CT

Race and Ethnicity

Mortgage and Risk — Willimantic, CT

Mortgages

Rentals and Section 8 — Willimantic, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Willimantic, CT

Home Price to Income Ratio

Willimantic, CT — ZIP Code Boundary Map

Nearby ZIP Codes

South Windham, CT

Windham, CT

Mansfield, CT

Windham, CT

Lebanon, CT

Frequently Asked Questions

What is the average home price in Willimantic, CT 06226?

How have home prices in Willimantic, CT 06226 changed over the past year?

What is the home price projection for Willimantic, CT 06226?

What are the demographics of Willimantic, CT 06226?

How long does it take homes to sell in Willimantic, CT 06226?

What is the average rent price in Willimantic, CT 06226?