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Colchester, CT
Full City Profile · Connecticut · Southeastern Connecticut Planning Region County
3.5
/5.0
B+
Good
4,624
Population
1,034/sq mi density
$79,685
Median Income
$46,066 per capita
$280,500
Home Value
$416,774 Zillow
$1,444
Median Rent
29.5% income on rent
50°F
Avg Temperature
275 sunny days/yr
23
Violent Crime/100K
550 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$79,685 median income, 1.9% unemployment
A+
Affordability
4.7 / 5.0
$280,500 home value, $1,444/mo rent
F
Safety
1.0 / 5.0
23 violent crimes/100K
B+
Education
3.8 / 5.0
34.4% bachelor's degree or higher
Housing Overview
Median Home Value
$280,500
0% below
US avg: $281,900
Median Rent
$1,444/mo
24% above
US avg: $1,163/mo
Homeownership Rate
56.0%
14% below US avg (65.4%)
Total Housing Units
2,233
Median year built: 1978
Home Value by Source
Census Median
$280,500
Zillow (ZHVI)
$416,774
Median Sale Price
$373,500
Median List Price
$479,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
56.0%
Owner-Occupied
44.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,351/mo
1 Bedroom
$1,590/mo
2 Bedroom
$1,955/mo
3 Bedroom
$2,415/mo
4 Bedroom
$2,824/mo
Census median rent:
$1,444/mo
Market Indicators (Redfin)
Median Days on Market
43 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$289
Active Inventory
9
homes for sale
Affordability & Housing Stock
Rent Burden
29.5%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
56.0%
Complete Housing Data
Home Values
| Census Median Value | $280,500 |
| Zillow Home Value (ZHVI) | $416,774 |
| Median Sale Price | $373,500 |
| Median List Price | $479,900 |
| Price Per Sq Ft | $289 |
Rent
| Census Median Rent | $1,444 |
| FMR Studio | $1,351 |
| FMR 1-Bedroom | $1,590 |
| FMR 2-Bedroom | $1,955 |
| FMR 3-Bedroom | $2,415 |
| FMR 4-Bedroom | $2,824 |
Market
| Days on Market | 43 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 8 |
| Active Inventory | 9 |
| Price Per Sq Ft | $289 |
Ownership & Stock
| Owner-Occupied | 56.0% |
| Renter-Occupied | 44.0% |
| Homeownership Rate | 56.0% |
| Total Housing Units | 2,233 |
| Median Year Built | 1978 |
| Rent Burden | 29.5% |