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  1. Home
  2. /Browse ZIP Codes
  3. /Connecticut
  4. /Redding, CT - 06896

Redding, CT—06896

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$894,000
4.4% YoY Growth
Household Income
$175,000
36.5% YoY Growth
Days on Market
29
13.0% Longer YoY
Home Price Forecast
3.2%
Median Rent
$3,250
22.6% YoY Growth
1-Bed Rent
$2,450
6.8% YoY Growth
2-Bed Rent
$3,000
5.7% YoY Growth
3-Bed Rent
$5,000
56.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Redding, CT

As of May '26, the median home price in Redding, CT is $894,000, with a year-over-year change of 4.4%. This indicates that home prices in Redding, 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 TypeMedian Home ValueYoY % Change
All Homes
$894,0004.4%
Single Family $899,0004.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$601,0004.2%
    3 Bed
    		$774,0004.9%
    4 Bed
    		$1,005,0005.6%
    5 Bed $1,312,1818.0%
    Loading chart...

    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    3.6%
    2 Bedrooms
    12.3%
    3 Bedrooms
    36.4%
    4 Bedrooms
    39.8%
    5+ Bedrooms
    7.5%

    Rental Trends — Redding, CT

    As of July '25, Rentcast reports the average rent in Redding, CT is $3,840, with a year-over-year rent change of -22.6%. Per bedroom, the median rent as of July '25 in Redding, CT is 1-bedrooms: $2,610, 2-bedrooms: $3,170, 3-bedrooms: $5,000, 4-bedrooms: $5,000. The most common rental property sizes in Redding, CT are 2-bedroom and 1-bedroom, accounting for 48.6% and 21.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,250$3,840
    Studio Rent N/AN/A
    1 Bed Rent $2,450$2,610
    2 Bed Rent $3,000$3,170
    3 Bed Rent $5,000$5,000
    4 Bed Rent $5,000$5,000
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    % of Rental Stock

    Studio
    3.9%
    1 Bedroom
    21.0%
    2 Bedrooms
    48.6%
    3 Bedrooms
    20.7%
    4 Bedrooms
    3.0%
    5+ Bedrooms
    2.8%

    Property Listings — Redding, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Redding, CT is 29. This is a increase of 13.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,150,000-8.0%
    Listing Count
    		43-22.0%
    Listings as % of Homes0.5%-22.0%
    Days on Market
    		2913.0%
    Loading chart...

    Demographics — Redding, CT

    As of the latest ACS Survey released in 2023, Redding, CT has a population of 8,720, which has decreased by -5.1% over the past 5 years. Redding, CT is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 72.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,720-5.1%
    % Under 18
    		19.6%-12.9%
    % Seniors
    		25.9%24.5%
    % WFH
    		31.0%179.3%
    % w/ College Degree
    		72.5%12.9%
    Loading chart...

    As of the latest ACS Survey released in 2023, Redding, CT is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in Redding, CT is hispanic, making up 9.0% of the population. Foreign-born residents account for 8.7% of the population in Redding, CT, and this percentage has increased by 14.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		81.2%-11.7%
    % Black
    		0.7%-12.5%
    % Hispanic
    		9.0%125.0%
    % Asian
    		3.7%208.3%
    % Foreign Born
    		8.7%14.5%
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    Mortgage and Risk — Redding, CT

    According to HUD data as of 2023, there were 178 mortgage originations in Redding, CT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Redding, CT. Investor activity is low, as 0.0% 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
    		178
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Redding, CT

    As of 2024, the percent of homes in Redding, CT under the Section 8 program is 0.6%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Redding, CT, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		3
    Total Units Section 8
    		3
    % Rentals under Section 8
    		0.6%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$50$2,450$2,500
    2 Bedroom-$20$3,000$2,980
    3 Bedroom-$1,210$5,000$3,790
    4 Bedroom-$900$5,000$4,100

    Affordability — Redding, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$894,000
    Median Household Income$175,000

    Redding, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions