Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$406,204+4.9% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$88,057About 1.0× the local median income ($89,386): affordable for a typical household
Days on market43 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in New Haven, CT is worth $406,204, up 4.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $382,947, so the area is 6.1% overvalued. It is a balanced market, leaning toward sellers: homes take about 43 days to sell, listings are up 16% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $88,057 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $89,386. Typical rent is $2,043 a month, or $2,935 for a house. In the latest IRS figures, 1,900 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$406,204
Change in 1 year
+4.9%
Overvalued %
+6.1%
Show 7 more
Fair home value
$382,947
Change in 5 years
+41.4%
Zillow forecast, next 12 months
+2.8%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$2,201
Income needed to afford it
$88,057
Property tax rate
1.91%
Rent and investing
Typical rent
$2,043
Typical rent for houses
$2,935
Price-to-rent ratio
16.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,091
Gross rental yield
6.03%
Cap rate (estimate)
3.92%
Market activity
Listings vs a year ago
+15.6%
Days on market
43
Listings with a price cut
16.1%
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Homes for sale
888
Pending sales per 100 listings
67
Asking price per sq ft
$264
People and jobs
Median household income
$89,386
Population change (1 year)
+0.2%
Unemployment rate
6.0%
Show 4 more
Population
578,741
Income adjusted for cost of living
$85,455
Net moves in (IRS)
−1,900
Cost of living (US = 100)
104.6
Schools, risk and environment
School rating (1 to 10)
4.7
FEMA hazard risk score (0 to 100)
95.1
Flood risk score
96.9
Show 1 more
Wildfire risk score
41.2
Questions people ask
Is New Haven, CT overvalued?
Home prices in New Haven, CT are slightly above what local incomes have historically supported: fair value is about $382,947, so the area is 6.1% overvalued.
Is New Haven, CT a buyer's or seller's market?
New Haven, CT is a balanced market, leaning toward sellers: homes take about 43 days to sell, listings are up 16% from a year ago, 16% of listings have had a price cut.
Are home prices going down in New Haven, CT?
Home values in New Haven, CT are up 4.9% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in New Haven, CT?
A household needs about $88,057 a year to afford the typical home in New Haven, CT at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $89,386.