Deep River, CT—06417
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Deep River, CT
As of Oct '25, the median home price in Deep River, CT is $414,000, with a year-over-year change of 3.3%. This indicates that home prices in Deep River, CT are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $414,000 | 3.3% |
| Single Family | $430,000 | 2.6% |
| Condos | $237,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $318,000 | 2.9% |
3 Bed | $429,000 | 2.9% |
4 Bed | $553,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Deep River, CT
Deep River, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,990 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,520 |
| 2 Bed Rent | $2,350 | $2,140 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Deep River, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Deep River, CT is 34. This is a increase of 20.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $463,000 | -35.0% |
Listing Count | 21 | -6.0% |
| Listings as % of Homes | 0.9% | -6.0% |
Days on Market | 34 | 20.0% |
Demographics — Deep River, CT
As of the latest ACS Survey released in 2023, Deep River, CT has a population of 4,430, which has decreased by -1.4% over the past 5 years. Deep River, CT is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 43.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,430 | -1.4% |
% Under 18 | 18.2% | -21.2% |
% Seniors | 21.4% | 12.6% |
% WFH | 9.7% | 120.5% |
% w/ College Degree | 43.4% | 5.9% |
As of the latest ACS Survey released in 2023, Deep River, CT is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Deep River, CT is hispanic, making up 4.5% of the population. Foreign-born residents account for 8.7% of the population in Deep River, CT, and this percentage has increased by 29.9% 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 | 87.4% | -3.2% |
% Black | 2.8% | -15.2% |
% Hispanic | 4.5% | 15.4% |
% Asian | 0.6% | -53.8% |
% Foreign Born | 8.7% | 29.9% |
Mortgage and Risk — Deep River, CT
According to HUD data as of 2023, there were 90 mortgage originations in Deep River, CT, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Deep River, CT. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Deep River, CT
Deep River, 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 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,400 | $1,310 |
| 2 Bedroom | -$650 | $2,350 | $1,700 |
| 3 Bedroom | -$280 | $2,500 | $2,220 |
| 4 Bedroom | N/A | N/A | $2,850 |
Affordability — Deep River, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $414,000 |
| Median Household Income | $87,000 |