New Milford, CT—06755
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in New Milford, CT
Home Price Trends — New Milford, CT
As of Oct '25, the median home price in New Milford, CT is $494,000, with a year-over-year change of 1.9%. This indicates that home prices in New Milford, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $494,000 | 1.9% |
| Single Family | $494,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $474,000 | 1.5% |
4 Bed | $573,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Milford, CT
As of July '25, Rentcast reports the average rent in New Milford, CT is $4,750, with a year-over-year rent change of -20.8%. Per bedroom, the median rent as of July '25 in New Milford, CT is 2-bedrooms: $3,250, 3-bedrooms: $5,120. The most common rental property sizes in New Milford, CT are 2-bedroom and 3-bedroom, accounting for 47.6% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,700 | $4,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,250 | $3,250 |
| 3 Bed Rent | $3,700 | $5,120 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Milford, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in New Milford, CT is 87. This is a increase of 74.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | -5.0% |
Listing Count | 10 | 0.0% |
| Listings as % of Homes | 0.9% | 0.0% |
Days on Market | 87 | 74.0% |
Demographics — New Milford, CT
As of the latest ACS Survey released in 2023, New Milford, CT has a population of 975, which has decreased by -7.1% over the past 5 years. New Milford, CT is a moderately popular place for families, as children make up 17.1% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 975 | -7.1% |
% Under 18 | 17.1% | -8.6% |
% Seniors | 16.4% | 54.7% |
% WFH | 22.6% | 438.1% |
% w/ College Degree | 39.5% | 28.7% |
As of the latest ACS Survey released in 2023, New Milford, CT is a predominantly white area, with 89.1% of the population identifying as white. The white population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in New Milford, CT is hispanic, making up 9.5% of the population. Foreign-born residents account for 3.2% of the population in New Milford, CT, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.1% | 4.1% |
% Black | 0.0% | N/A |
% Hispanic | 9.5% | -24.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.2% | -66.7% |
Mortgage and Risk — New Milford, CT
New Milford, CT lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Milford, CT
New Milford, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,760 |
| 2 Bedroom | -$1,120 | $3,250 | $2,130 |
| 3 Bedroom | -$1,010 | $3,700 | $2,690 |
| 4 Bedroom | N/A | N/A | $2,980 |
Affordability — New Milford, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $494,000 |
| Median Household Income | $116,000 |