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  4. /Wallingford, CT - 06492

Wallingford, CT—06492

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$431,000
6.7% YoY Growth
Household Income
$102,000
28.0% YoY Growth
Days on Market
27
51.0% Longer YoY
Home Price Forecast
3.3%
Median Rent
$1,950
24.5% YoY Growth
1-Bed Rent
$1,600
N/A
2-Bed Rent
$1,950
N/A
3-Bed Rent
$2,500
13.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wallingford, CT

As of May '26, the median home price in Wallingford, CT is $431,000, with a year-over-year change of 6.7%. This indicates that home prices in Wallingford, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$431,0006.7%
Single Family $460,0006.5%
Condos $299,0006.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $164,000
    4.5%
    2 Bed
    		$315,0006.4%
    3 Bed
    		$441,0006.8%
    4 Bed
    		$590,0008.3%
    5 Bed $650,3018.8%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    12.8%
    2 Bedrooms
    28.8%
    3 Bedrooms
    35.1%
    4 Bedrooms
    19.3%
    5+ Bedrooms
    2.7%

    Rental Trends — Wallingford, CT

    As of July '25, Rentcast reports the average rent in Wallingford, CT is $2,000, with a year-over-year rent change of -24.5%. Per bedroom, the median rent as of July '25 in Wallingford, CT is studios: $1,280, 1-bedrooms: $1,620, 2-bedrooms: $2,000, 3-bedrooms: $2,290, 4-bedrooms: $3,320. The most common rental property sizes in Wallingford, CT are 2-bedroom and 1-bedroom, accounting for 43.6% and 37.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,950$2,000
    Studio Rent $1,050$1,280
    1 Bed Rent $1,600$1,620
    2 Bed Rent $1,950$2,000
    3 Bed Rent $2,500$2,290
    4 Bed Rent $3,000$3,320
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    % of Rental Stock

    Studio
    4.3%
    1 Bedroom
    37.8%
    2 Bedrooms
    43.6%
    3 Bedrooms
    11.1%
    4 Bedrooms
    2.6%
    5+ Bedrooms
    0.7%

    Property Listings — Wallingford, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Wallingford, CT is 27. This is a increase of 51.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$375,000-9.0%
    Listing Count
    		10215.0%
    Listings as % of Homes0.3%15.0%
    Days on Market
    		2751.0%
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    Demographics — Wallingford, CT

    As of the latest ACS Survey released in 2023, Wallingford, CT has a population of 44,100, which has decreased by -1.7% over the past 5 years. Wallingford, CT is a moderately popular place for families, as children make up 18.1% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		44,100-1.7%
    % Under 18
    		18.1%13.1%
    % Seniors
    		21.9%3.3%
    % WFH
    		11.3%126.0%
    % w/ College Degree
    		39.0%6.8%
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    As of the latest ACS Survey released in 2023, Wallingford, CT is a predominantly white area, with 80.1% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Wallingford, CT is hispanic, making up 11.0% of the population. Foreign-born residents account for 11.1% of the population in Wallingford, CT, and this percentage has increased by 38.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		80.1%-6.4%
    % Black
    		2.1%23.5%
    % Hispanic
    		11.0%48.6%
    % Asian
    		3.5%-22.2%
    % Foreign Born
    		11.1%38.7%
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    Mortgage and Risk — Wallingford, CT

    According to HUD data as of 2023, there were 759 mortgage originations in Wallingford, CT, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Wallingford, CT. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		759
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Wallingford, CT

    As of 2024, the percent of homes in Wallingford, CT under the Section 8 program is 4.4%. 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. In Wallingford, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		225
    Total Units Section 8
    		225
    % Rentals under Section 8
    		4.4%
    % Occupied Section 8
    		73.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$190$1,600$1,410
    2 Bedroom-$230$1,950$1,720
    3 Bedroom-$360$2,500$2,140
    4 Bedroom-$590$3,000$2,410

    Affordability — Wallingford, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$431,000
    Median Household Income$102,000

    Wallingford, CT — ZIP Code Boundary Map

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    Frequently Asked Questions