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Killingly, CT—06241

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$384,000
2.4% YoY Growth
Household Income
$80,500
6.2% YoY Growth
Days on Market
39
57.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$1,950
N/A
1-Bed Rent
$2,400
N/A
2-Bed Rent
$1,850
N/A
3-Bed Rent
$1,800
N/A

Other Zip Codes in Killingly, CT

06239
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Killingly, CT

As of May '26, the median home price in Killingly, CT is $384,000, with a year-over-year change of 2.4%. This indicates that home prices in Killingly, CT are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$384,0002.4%
Single Family $391,0002.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$316,0002.3%
    3 Bed
    		$406,0002.8%
    4 Bed
    		$435,0003.1%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    7.6%
    2 Bedrooms
    32.6%
    3 Bedrooms
    44.0%
    4 Bedrooms
    14.8%
    5+ Bedrooms
    1.0%

    Rental Trends — Killingly, CT

    Killingly, CT lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,950$2,400
    Studio Rent N/AN/A
    1 Bed Rent $2,400$2,400
    2 Bed Rent $1,850$2,580
    3 Bed Rent $1,800$2,310
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    18.0%
    2 Bedrooms
    36.6%
    3 Bedrooms
    17.5%
    4 Bedrooms
    23.7%
    5+ Bedrooms
    4.1%

    Property Listings — Killingly, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Killingly, CT is 39. This is a increase of 57.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$455,0006.0%
    Listing Count
    		15-30.0%
    Listings as % of Homes0.6%-30.0%
    Days on Market
    		3957.0%
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    Demographics — Killingly, CT

    As of the latest ACS Survey released in 2023, Killingly, CT has a population of 6,320, which has increased by 1.8% over the past 5 years. Killingly, CT is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,3201.8%
    % Under 18
    		20.7%-9.6%
    % Seniors
    		17.2%13.9%
    % WFH
    		15.0%138.1%
    % w/ College Degree
    		25.1%2.4%
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    As of the latest ACS Survey released in 2023, Killingly, CT is a predominantly white area, with 87.8% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Killingly, CT is hispanic, making up 5.9% of the population. Foreign-born residents account for 3.7% of the population in Killingly, CT, and this percentage has decreased by 42.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		87.8%-6.7%
    % Black
    		0.5%-16.7%
    % Hispanic
    		5.9%103.4%
    % Asian
    		1.5%66.7%
    % Foreign Born
    		3.7%-42.2%
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    Mortgage and Risk — Killingly, CT

    According to HUD data as of 2023, there were 190 mortgage originations in Killingly, CT, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Killingly, CT. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		190
    % Conventional Loans
    		70.0%
    % Government Loans
    		30.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Killingly, CT

    Killingly, CT lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		54
    Total Units Section 8
    		54
    % Rentals under Section 8
    		9.1%
    % Occupied Section 8
    		86.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$1,090$2,400$1,310
    2 Bedroom-$130$1,850$1,720
    3 Bedroom$310$1,800$2,110
    4 BedroomN/AN/A$2,520

    Affordability — Killingly, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$384,000
    Median Household Income$80,500

    Killingly, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    East Killingly, CT

    06243

    Putnam, CT

    06260

    Rogers

    06263

    Killingly, CT

    06239

    Thompson, CT

    06277

    Frequently Asked Questions