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  4. /Old Saybrook, CT - 06475

Old Saybrook, CT—06475

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$711,000
4.4% YoY Growth
Household Income
$120,000
46.8% YoY Growth
Days on Market
38
3.0% Shorter YoY
Home Price Forecast
4.2%
Median Rent
$2,960
13.4% YoY Growth
1-Bed Rent
$1,620
N/A
2-Bed Rent
$3,120
N/A
3-Bed Rent
$2,500
6.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Old Saybrook, CT

As of May '26, the median home price in Old Saybrook, CT is $711,000, with a year-over-year change of 4.4%. This indicates that home prices in Old Saybrook, CT are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$711,0004.4%
Single Family $721,0004.3%
Condos $638,0005.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $394,000
    3.4%
    2 Bed
    		$602,0004.3%
    3 Bed
    		$706,0004.4%
    4 Bed
    		$851,0004.8%
    5 Bed $1,167,9985.8%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    5.6%
    2 Bedrooms
    20.8%
    3 Bedrooms
    46.4%
    4 Bedrooms
    20.0%
    5+ Bedrooms
    6.0%

    Rental Trends — Old Saybrook, CT

    As of July '25, Rentcast reports the average rent in Old Saybrook, CT is $3,290, with a year-over-year rent change of 13.4%. Per bedroom, the median rent as of July '25 in Old Saybrook, CT is 1-bedrooms: $2,420, 2-bedrooms: $2,930, 3-bedrooms: $3,090, 4-bedrooms: $5,670. The most common rental property sizes in Old Saybrook, CT are 1-bedroom and 2-bedroom, accounting for 30.0% and 27.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,960$3,290
    Studio Rent N/AN/A
    1 Bed Rent $1,620$2,420
    2 Bed Rent $3,120$2,930
    3 Bed Rent $2,500$3,090
    4 Bed Rent $5,250$5,670
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    % of Rental Stock

    1 Bedroom
    30.0%
    2 Bedrooms
    27.2%
    3 Bedrooms
    27.2%
    4 Bedrooms
    15.4%
    5+ Bedrooms
    0.2%

    Property Listings — Old Saybrook, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Old Saybrook, CT is 38. This is a decrease of -3.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$958,0009.0%
    Listing Count
    		571.0%
    Listings as % of Homes0.5%1.0%
    Days on Market
    		38-3.0%
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    Demographics — Old Saybrook, CT

    As of the latest ACS Survey released in 2023, Old Saybrook, CT has a population of 10,500, which has increased by 3.9% over the past 5 years. Old Saybrook, CT is a less popular place for families, as children make up 14.2% of the population. The area has a highly educated workforce, with 56.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,5003.9%
    % Under 18
    		14.2%-17.4%
    % Seniors
    		26.4%-0.8%
    % WFH
    		22.5%287.9%
    % w/ College Degree
    		56.6%24.7%
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    As of the latest ACS Survey released in 2023, Old Saybrook, CT is a predominantly white area, with 90.5% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Old Saybrook, CT is hispanic, making up 6.8% of the population. Foreign-born residents account for 7.6% of the population in Old Saybrook, CT, and this percentage has decreased by 22.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.5%2.7%
    % Black
    		0.4%-50.0%
    % Hispanic
    		6.8%23.6%
    % Asian
    		1.1%-66.7%
    % Foreign Born
    		7.6%-22.4%
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    Mortgage and Risk — Old Saybrook, CT

    According to HUD data as of 2023, there were 269 mortgage originations in Old Saybrook, CT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Old Saybrook, CT. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		269
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		11.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Old Saybrook, CT

    As of 2024, the percent of homes in Old Saybrook, CT under the Section 8 program is 6.8%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Old Saybrook, CT, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		42
    Total Units Section 8
    		42
    % Rentals under Section 8
    		6.8%
    % Occupied Section 8
    		98.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$40$1,620$1,660
    2 Bedroom-$960$3,120$2,160
    3 Bedroom$320$2,500$2,820
    4 Bedroom-$1,620$5,250$3,630

    Affordability — Old Saybrook, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$711,000
    Median Household Income$120,000

    Old Saybrook, CT — ZIP Code Boundary Map

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    Frequently Asked Questions