Essex, CT—06442
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Essex, CT
As of Oct '25, the median home price in Essex, CT is $529,000, with a year-over-year change of 9.7%. This indicates that home prices in Essex, 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 | $529,000 | 9.7% |
| Single Family | $535,000 | 9.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $389,000 | 6.3% |
3 Bed | $536,000 | 9.4% |
4 Bed | $656,000 | 8.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Essex, CT
Essex, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,750 | $2,750 |
| 3 Bed Rent | $2,950 | $2,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Essex, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Essex, CT is 45. This is a increase of 131.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $605,000 | 10.0% |
Listing Count | 8 | 69.0% |
| Listings as % of Homes | 0.5% | 69.0% |
Days on Market | 45 | 131.0% |
Demographics — Essex, CT
As of the latest ACS Survey released in 2023, Essex, CT has a population of 2,620, which has remained stable by -0.0% over the past 5 years. Essex, CT is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 43.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,620 | 0.0% |
% Under 18 | 16.7% | -13.9% |
% Seniors | 14.4% | -35.7% |
% WFH | 15.7% | 248.9% |
% w/ College Degree | 43.2% | 3.1% |
As of the latest ACS Survey released in 2023, Essex, CT is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Essex, CT is hispanic, making up 4.4% of the population. Foreign-born residents account for 1.6% of the population in Essex, CT, and this percentage has decreased by 66.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.1% | -1.5% |
% Black | 1.2% | ∞% |
% Hispanic | 4.4% | -48.2% |
% Asian | 0.6% | 200.0% |
% Foreign Born | 1.6% | -66.0% |
Mortgage and Risk — Essex, CT
According to HUD data as of 2023, there were 93 mortgage originations in Essex, CT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Essex, CT. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Essex, CT
Essex, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | -$1,200 | $2,750 | $1,550 |
| 3 Bedroom | -$860 | $2,950 | $2,090 |
| 4 Bedroom | N/A | N/A | $2,620 |
Affordability — Essex, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $529,000 |
| Median Household Income | $99,600 |