Killingly, CT—06239
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Killingly, CT
Home Price Trends — Killingly, CT
As of Oct '25, the median home price in Killingly, CT is $345,000, with a year-over-year change of 7.2%. This indicates that home prices in Killingly, CT are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | 7.2% |
| Single Family | $348,000 | 6.4% |
| Condos | $307,000 | 9.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $307,000 | 7.0% |
3 Bed | $351,000 | 6.4% |
4 Bed | $376,000 | 7.1% |
| 5 Bed | $415,000 | 6.4% |
% of Housing Stock
Rental Trends — Killingly, CT
As of July '25, Rentcast reports the average rent in Killingly, CT is $1,680, with a year-over-year rent change of -23.6%. Per bedroom, the median rent as of July '25 in Killingly, CT is 1-bedrooms: $1,210, 2-bedrooms: $1,680, 3-bedrooms: $2,120, 4-bedrooms: $1,900. The most common rental property sizes in Killingly, CT are 1-bedroom and 2-bedroom, accounting for 41.1% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,210 |
| 2 Bed Rent | $1,600 | $1,680 |
| 3 Bed Rent | $2,100 | $2,120 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Killingly, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Killingly, CT is 35. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $358,000 | 7.0% |
Listing Count | 29 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 35 | -15.0% |
Demographics — Killingly, CT
As of the latest ACS Survey released in 2023, Killingly, CT has a population of 11,600, which has increased by 1.6% over the past 5 years. Killingly, CT is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,600 | 1.6% |
% Under 18 | 19.0% | -17.0% |
% Seniors | 18.5% | 21.7% |
% WFH | 6.2% | 129.6% |
% w/ College Degree | 23.2% | 19.6% |
As of the latest ACS Survey released in 2023, Killingly, CT is a predominantly white area, with 86.3% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Killingly, CT is hispanic, making up 4.6% of the population. Foreign-born residents account for 4.6% of the population in Killingly, CT, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.3% | 1.5% |
% Black | 3.8% | 65.2% |
% Hispanic | 4.6% | 2.2% |
% Asian | 1.0% | -44.4% |
% Foreign Born | 4.6% | 0.0% |
Mortgage and Risk — Killingly, CT
According to HUD data as of 2023, there were 203 mortgage originations in Killingly, CT, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Killingly, CT. Investor activity is low, as 2.0% 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 | 203 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Killingly, CT
As of 2024, the percent of homes in Killingly, CT under the Section 8 program is 10.9%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Killingly, CT, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 96.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,200 | $1,300 |
| 2 Bedroom | $110 | $1,600 | $1,710 |
| 3 Bedroom | -$10 | $2,100 | $2,090 |
| 4 Bedroom | $610 | $1,900 | $2,510 |
Affordability — Killingly, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $345,000 |
| Median Household Income | $80,400 |