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  4. /Sprague, CT - 06330

Sprague, CT—06330

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$379,000
7.9% YoY Growth
Household Income
$92,900
36.3% YoY Growth
Days on Market
22
64.0% Shorter YoY
Home Price Forecast
3.2%
Median Rent
$1,700
N/A
1-Bed Rent
$1,500
N/A
2-Bed Rent
$1,700
N/A
3-Bed Rent
$1,700
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Sprague, CT

As of May '26, the median home price in Sprague, CT is $379,000, with a year-over-year change of 7.9%. This indicates that home prices in Sprague, CT are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$379,0007.9%
Single Family $379,0008.0%
Condos N/AN/A

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
    		$321,0008.8%
    3 Bed
    		$380,0007.3%
    4 Bed
    		$438,0007.9%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    4.8%
    2 Bedrooms
    20.5%
    3 Bedrooms
    57.6%
    4 Bedrooms
    13.0%
    5+ Bedrooms
    4.0%

    Rental Trends — Sprague, CT

    Sprague, CT lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,790
    Studio Rent N/AN/A
    1 Bed Rent $1,500$1,500
    2 Bed Rent $1,700$1,780
    3 Bed Rent $1,700$1,700
    4 Bed Rent $1,800$1,800
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    % of Rental Stock

    1 Bedroom
    13.6%
    2 Bedrooms
    40.8%
    3 Bedrooms
    39.2%
    5+ Bedrooms
    6.4%

    Property Listings — Sprague, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Sprague, CT is 22. This is a decrease of -64.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$438,00075.0%
    Listing Count
    		975.0%
    Listings as % of Homes0.7%75.0%
    Days on Market
    		22-64.0%
    Loading chart...

    Demographics — Sprague, CT

    As of the latest ACS Survey released in 2023, Sprague, CT has a population of 3,310, which has remained stable by 0.6% over the past 5 years. Sprague, CT is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,3100.6%
    % Under 18
    		21.5%6.4%
    % Seniors
    		16.6%11.4%
    % WFH
    		5.5%48.6%
    % w/ College Degree
    		22.9%11.2%
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    As of the latest ACS Survey released in 2023, Sprague, CT is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 16.5% in the last 5 years. The second most common race or ethnicity in Sprague, CT is hispanic, making up 10.1% of the population. Foreign-born residents account for 3.6% of the population in Sprague, CT, and this percentage has increased by 44.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		73.9%-16.5%
    % Black
    		3.6%125.0%
    % Hispanic
    		10.1%152.5%
    % Asian
    		2.8%∞%
    % Foreign Born
    		3.6%44.0%
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    Mortgage and Risk — Sprague, CT

    According to HUD data as of 2023, there were 58 mortgage originations in Sprague, CT, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Sprague, CT. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		58
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Sprague, CT

    As of 2024, the percent of homes in Sprague, CT under the Section 8 program is 2.9%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sprague, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		11
    Total Units Section 8
    		11
    % Rentals under Section 8
    		2.9%
    % Occupied Section 8
    		90.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$210$1,500$1,290
    2 Bedroom-$120$1,700$1,580
    3 Bedroom$350$1,700$2,050
    4 Bedroom$850$1,800$2,650

    Affordability — Sprague, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$379,000
    Median Household Income$92,900

    Sprague, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Scotland, CT

    06264

    Franklin, CT

    06254

    Norwich, CT

    06380

    Windham, CT

    06280

    Canterbury, CT

    06331

    Frequently Asked Questions