Hamden, CT—06517
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamden, CT
As of Oct '25, the median home price in Hamden, CT is $366,000, with a year-over-year change of 3.1%. This indicates that home prices in Hamden, CT are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $366,000 | 3.1% |
| Single Family | $387,000 | 2.7% |
| Condos | $227,000 | 7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $168,000 | 5.7% |
2 Bed | $279,000 | 4.5% |
3 Bed | $371,000 | 2.8% |
4 Bed | $451,000 | 2.5% |
| 5 Bed | $690,000 | 4.5% |
% of Housing Stock
Rental Trends — Hamden, CT
As of July '25, Rentcast reports the average rent in Hamden, CT is $2,660, with a year-over-year rent change of 6.4%. Per bedroom, the median rent as of July '25 in Hamden, CT is studios: $1,520, 1-bedrooms: $1,540, 2-bedrooms: $2,120, 3-bedrooms: $2,650, 4-bedrooms: $3,630. The most common rental property sizes in Hamden, CT are 1-bedroom and 3-bedroom, accounting for 29.1% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,660 |
| Studio Rent | $1,520 | $1,520 |
| 1 Bed Rent | $1,500 | $1,540 |
| 2 Bed Rent | $2,050 | $2,120 |
| 3 Bed Rent | $2,800 | $2,650 |
| 4 Bed Rent | $3,500 | $3,630 |
% of Rental Stock
Property Listings — Hamden, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Hamden, CT is 30. This is a increase of 10.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | 10.0% |
Listing Count | 45 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 30 | 10.0% |
Demographics — Hamden, CT
As of the latest ACS Survey released in 2023, Hamden, CT has a population of 14,900, which has increased by 2.9% over the past 5 years. Hamden, CT is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 52.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,900 | 2.9% |
% Under 18 | 20.7% | 8.9% |
% Seniors | 22.3% | 9.9% |
% WFH | 18.5% | 262.7% |
% w/ College Degree | 52.3% | -0.8% |
As of the latest ACS Survey released in 2023, Hamden, CT is a predominantly white area, with 57.9% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Hamden, CT is black, making up 22.1% of the population. Foreign-born residents account for 12.0% of the population in Hamden, CT, and this percentage has increased by 9.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.9% | -3.8% |
% Black | 22.1% | -3.9% |
% Hispanic | 16.7% | 62.1% |
% Asian | 2.0% | -47.4% |
% Foreign Born | 12.0% | 9.1% |
Mortgage and Risk — Hamden, CT
According to HUD data as of 2023, there were 266 mortgage originations in Hamden, CT, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Hamden, CT. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 266 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hamden, CT
As of 2024, the percent of homes in Hamden, CT under the Section 8 program is 14.3%. 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, 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 | 328 |
Total Units Section 8 | 317 |
% Rentals under Section 8 | 14.3% |
% Occupied Section 8 | 93.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,500 | $1,490 |
| 2 Bedroom | -$230 | $2,050 | $1,820 |
| 3 Bedroom | -$540 | $2,800 | $2,260 |
| 4 Bedroom | -$950 | $3,500 | $2,550 |
Affordability — Hamden, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $366,000 |
| Median Household Income | $97,200 |