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  4. /New Haven, CT - 06513

New Haven, CT—06513

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$303,000
4.9% YoY Growth
Household Income
$46,500
12.1% YoY Growth
Days on Market
27
46.0% Shorter YoY
Home Price Forecast
3.4%
Median Rent
$1,900
17.1% YoY Growth
1-Bed Rent
$1,500
N/A
2-Bed Rent
$1,700
3.4% YoY Growth
3-Bed Rent
$2,000
N/A

Other Zip Codes in New Haven, CT

06515065190651006511
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Haven, CT

As of May '26, the median home price in New Haven, CT is $303,000, with a year-over-year change of 4.9%. This indicates that home prices in New Haven, CT are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$303,0004.9%
Single Family $346,0004.2%
Condos $213,0001.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $150,000
    2.0%
    2 Bed
    		$235,0002.6%
    3 Bed
    		$353,0003.8%
    4 Bed
    		$379,0003.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.5%
    1 Bedroom
    19.4%
    2 Bedrooms
    43.1%
    3 Bedrooms
    25.9%
    4 Bedrooms
    6.2%
    5+ Bedrooms
    1.9%

    Rental Trends — New Haven, CT

    As of July '25, Rentcast reports the average rent in New Haven, CT is $2,050, with a year-over-year rent change of 17.1%. Per bedroom, the median rent as of July '25 in New Haven, CT is studios: $1,320, 1-bedrooms: $1,540, 2-bedrooms: $1,810, 3-bedrooms: $2,300, 4-bedrooms: $2,610. The most common rental property sizes in New Haven, CT are 2-bedroom and 1-bedroom, accounting for 42.9% and 30.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,900$2,050
    Studio Rent $1,350$1,320
    1 Bed Rent $1,500$1,540
    2 Bed Rent $1,700$1,810
    3 Bed Rent $2,000$2,300
    4 Bed Rent $2,500$2,610
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    % of Rental Stock

    Studio
    5.4%
    1 Bedroom
    30.1%
    2 Bedrooms
    42.9%
    3 Bedrooms
    18.3%
    4 Bedrooms
    2.6%
    5+ Bedrooms
    0.7%

    Property Listings — New Haven, CT

    As of May '26, Realtor.com reports that the median days on market for a home in New Haven, CT is 27. This is a decrease of -46.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$280,00014.0%
    Listing Count
    		56-17.0%
    Listings as % of Homes0.3%-17.0%
    Days on Market
    		27-46.0%
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    Demographics — New Haven, CT

    As of the latest ACS Survey released in 2023, New Haven, CT has a population of 38,300, which has decreased by -3.6% over the past 5 years. New Haven, CT is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		38,300-3.6%
    % Under 18
    		24.8%-3.1%
    % Seniors
    		15.2%27.7%
    % WFH
    		8.2%105.0%
    % w/ College Degree
    		18.5%6.3%
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    As of the latest ACS Survey released in 2023, New Haven, CT is a predominantly hispanic area, with 46.7% of the population identifying as hispanic. The hispanic population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in New Haven, CT is white, making up 26.2% of the population. Foreign-born residents account for 17.3% of the population in New Haven, CT, and this percentage has increased by 18.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		26.2%-8.7%
    % Black
    		24.3%17.4%
    % Hispanic
    		46.7%-4.3%
    % Asian
    		1.5%0.0%
    % Foreign Born
    		17.3%18.5%
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    Mortgage and Risk — New Haven, CT

    According to HUD data as of 2023, there were 359 mortgage originations in New Haven, CT, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in New Haven, CT. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		359
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — New Haven, CT

    As of 2024, the percent of homes in New Haven, CT under the Section 8 program is 34.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Haven, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		3,473
    Total Units Section 8
    		3,194
    % Rentals under Section 8
    		34.2%
    % Occupied Section 8
    		90.8%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$160$1,500$1,340
    2 Bedroom-$60$1,700$1,640
    3 Bedroom$40$2,000$2,040
    4 Bedroom-$200$2,500$2,300

    Affordability — New Haven, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$303,000
    Median Household Income$46,500

    New Haven, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    East Haven, CT

    06512

    Hamden, CT

    06517

    New Haven, CT

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    Frequently Asked Questions