Canterbury, CT—06331
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canterbury, CT
As of Oct '25, the median home price in Canterbury, CT is $390,000, with a year-over-year change of 5.7%. This indicates that home prices in Canterbury, CT are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $390,000 | 5.7% |
| Single Family | $390,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $336,000 | 6.3% |
3 Bed | $392,000 | 5.7% |
4 Bed | $445,000 | 5.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Canterbury, CT
Canterbury, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Canterbury, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Canterbury, CT is 57. This is a increase of 47.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 1.0% |
Listing Count | 6 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 57 | 47.0% |
Demographics — Canterbury, CT
As of the latest ACS Survey released in 2023, Canterbury, CT has a population of 5,100, which has remained stable by 0.6% over the past 5 years. Canterbury, CT is a moderately popular place for families, as children make up 15.6% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,100 | 0.6% |
% Under 18 | 15.6% | -26.4% |
% Seniors | 26.7% | 64.8% |
% WFH | 13.0% | 160.0% |
% w/ College Degree | 26.1% | 20.8% |
As of the latest ACS Survey released in 2023, Canterbury, CT is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Canterbury, CT is hispanic, making up 3.8% of the population. Foreign-born residents account for 2.8% of the population in Canterbury, CT, and this percentage has increased by 12.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.3% | -7.4% |
% Black | 3.6% | 200.0% |
% Hispanic | 3.8% | 533.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.8% | 12.0% |
Mortgage and Risk — Canterbury, CT
According to HUD data as of 2023, there were 99 mortgage originations in Canterbury, CT, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Canterbury, CT. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Canterbury, CT
Canterbury, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,350 |
| 2 Bedroom | N/A | N/A | $1,780 |
| 3 Bedroom | -$630 | $2,800 | $2,170 |
| 4 Bedroom | N/A | N/A | $2,700 |
Affordability — Canterbury, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $390,000 |
| Median Household Income | $99,500 |