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  1. Home
  2. /Browse ZIP Codes
  3. /Connecticut
  4. /Hamden, CT - 06514

Hamden, CT—06514

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$346,000
5.6% YoY Growth
Household Income
$85,200
20.5% YoY Growth
Days on Market
25
8.0% Longer YoY
Home Price Forecast
2.9%
Median Rent
$1,800
N/A
1-Bed Rent
$1,500
N/A
2-Bed Rent
$1,900
N/A
3-Bed Rent
$2,300
N/A

Other Zip Codes in Hamden, CT

0651706518
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hamden, CT

As of May '26, the median home price in Hamden, CT is $346,000, with a year-over-year change of 5.6%. This indicates that home prices in Hamden, CT are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$346,0005.6%
Single Family $365,0005.2%
Condos $222,0002.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $165,000
    3.8%
    2 Bed
    		$261,0003.2%
    3 Bed
    		$363,0004.9%
    4 Bed
    		$407,0004.6%
    5 Bed $465,0414.8%
    Loading chart...

    % of Housing Stock

    Studio
    2.5%
    1 Bedroom
    17.7%
    2 Bedrooms
    29.0%
    3 Bedrooms
    37.1%
    4 Bedrooms
    12.2%
    5+ Bedrooms
    1.5%

    Rental Trends — Hamden, CT

    Hamden, CT lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,960
    Studio Rent $1,480$1,640
    1 Bed Rent $1,500$1,580
    2 Bed Rent $1,900$2,040
    3 Bed Rent $2,300$2,700
    4 Bed Rent $900$1,950
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    % of Rental Stock

    Studio
    7.4%
    1 Bedroom
    39.0%
    2 Bedrooms
    37.3%
    3 Bedrooms
    13.4%
    4 Bedrooms
    2.6%
    5+ Bedrooms
    0.2%

    Property Listings — Hamden, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Hamden, CT is 25. This is a increase of 8.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,0008.0%
    Listing Count
    		8331.0%
    Listings as % of Homes0.7%31.0%
    Days on Market
    		258.0%
    Loading chart...

    Demographics — Hamden, CT

    As of the latest ACS Survey released in 2023, Hamden, CT has a population of 25,300, which has decreased by -6.9% over the past 5 years. Hamden, CT is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 41.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		25,300-6.9%
    % Under 18
    		20.1%-0.5%
    % Seniors
    		15.3%15.0%
    % WFH
    		13.2%325.8%
    % w/ College Degree
    		41.9%20.1%
    Loading chart...

    As of the latest ACS Survey released in 2023, Hamden, CT is a predominantly white area, with 43.1% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Hamden, CT is black, making up 34.8% of the population. Foreign-born residents account for 15.0% of the population in Hamden, CT, and this percentage has decreased by 3.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		43.1%1.2%
    % Black
    		34.8%-4.7%
    % Hispanic
    		16.2%8.7%
    % Asian
    		3.3%-32.7%
    % Foreign Born
    		15.0%-3.8%
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    Mortgage and Risk — Hamden, CT

    According to HUD data as of 2023, there were 413 mortgage originations in Hamden, CT, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Hamden, CT. Investor activity is low, as 2.0% 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
    		413
    % Conventional Loans
    		66.0%
    % Government Loans
    		34.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		13.0%
    Loading chart...
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    Rentals and Section 8 — Hamden, CT

    As of 2024, the percent of homes in Hamden, CT under the Section 8 program is 11.1%. 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 Hamden, CT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		440
    Total Units Section 8
    		440
    % Rentals under Section 8
    		11.1%
    % Occupied Section 8
    		93.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$180$1,500$1,680
    2 Bedroom$150$1,900$2,050
    3 Bedroom$250$2,300$2,550
    4 Bedroom$1,980$900$2,880

    Affordability — Hamden, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$346,000
    Median Household Income$85,200

    Hamden, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hamden, CT

    06517

    New Haven, CT

    06515

    New Haven, CT

    06511

    Hamden, CT

    06518

    New Haven, CT

    06510

    Frequently Asked Questions