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Prospect Hill

Prospect Hill

Neighborhood in New Haven, Connecticut

New Haven County 06511

$749,112 Average Value
$313 Average Price per Sq Ft
3 Homes For Sale

Historic New Haven suburb with academic character

Home to early 20th-century architecture and parts of the Yale University campus, Prospect Hill’s charming streetscapes are among the most coveted in New Haven. "It's one of the most affluent areas in the city," says Wojtek Borowski, a Realtor with Pearce Real Estate and an 18-year local seller specializing in historic properties. "The neighborhood was mostly built between the 1900s and 1930s." Thanks to its wide selection of long-standing, character-rich residences, Prospect Hill is listed on the National Register of Historic Places. Homeowners here can step out of their Tudor Revivals, Queen Annes, and shingle-style homes onto Prospect Street to visit a nearby breakfast spot or wave to the neighbors. "You can also walk to Yale from Prospect Hill," Borowski says, noting that the suburb is home to many Yale faculty and staff.

Victorian and Colonial styles with land on Prospect Street

Purchasing a home here means owning a piece of historic architecture, and despite being in the middle of the city, Prospect Hill properties tend to have generous yards and plenty of space between houses ? Borowski says up to an acre of land. For $550,000, buyers can invest in a three-bedroom Victorian with a modestly sized backyard, while spacious Colonial Revivals on sought-after streets reach up to $2 million. Condos and attached housing start at $300,000 here. “Very few homes are available in this neighborhood," Borowski says. Prospect Hill listings don’t stick around for more than a week or two before finding a new owner in this coveted community.

Large colonials make up the majority of the homes on the eastern side of Prospect Hill.
Large colonials make up the majority of the homes on the eastern side of Prospect Hill.
Adorable homes nestled amongst lush landscaping are what brings people to Prospect Hill.
Adorable homes nestled amongst lush landscaping are what brings people to Prospect Hill.
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Proximity to post-secondary schools

New Haven students can choose from the city’s varied selection of magnet or inter-district magnet, neighborhood, and charter schools to find the program best suited to their needs and interests. Families can apply for placement via a school choice process. Worthington Hooker School is in town, rated B on Niche, serving kids in K-8. Rising students might continue to the nearby Hillhouse High, rated C-minus, known for its Pre-AP Summit program, which prepares enrollees for higher learning. Prospect Hill may be best known for its proximity to post-secondary schools like Yale University, ranked number 5 on US News and World Report’s Best Colleges list, and touted for its world-class programming across a wide range of disciplines. Albertus Magnus College is also in town, New England’s most diverse Catholic College.

Walking-distance to State Street

Dining out is a way of life in Prospect Hill ? it's part of the appeal of living in such a walkable part of New Haven. Poppy's Coffee and Kitchen is the go-to for a morning pick-me-up, and locals continue a few blocks east to pick up prepared food at corner stores like the popular Nica’s Market, a long-standing spot known for its Italian fare. Bars and restaurants also line the area’s busy State Street, a pedestrian-friendly commercial corridor with a cozy Main Street-style layout lined with awninged storefronts. Stop and Shop is the closest grocer, and Downtown New Haven is just over a mile away for more culture and nightlife.

Walk the Downtown New Haven streets and find great restaurants like South Bay.
Walk the Downtown New Haven streets and find great restaurants like South Bay.
Food stands all around Prospect Hill and Downtown New Haven are extremely popular.
Food stands all around Prospect Hill and Downtown New Haven are extremely popular.
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City views from East Rock Park

For a spot of sun, Prospect Hill homeowners can walk to Edgerton Park to explore the historic estate, full of landscaped gardens, greenhouses, and early 1900s architecture. New Haven’s famed East Rock Park is next door, with some of the best views in the city. The sprawling green space is a hot spot for hikers and bikers looking for a scenic natural getaway that feels far away from city landscapes. The Farmington Canal Greenway trail runs past the opposite side of town, a paved tree-lined path extending 50 miles, a good way to get some exercise and get to know the city.

Prospect Hill is located minutes from Downtown New Haven.
Prospect Hill is located minutes from Downtown New Haven.
The Farnum Memorial Gardens has an incredible overlook spot in Prospect Hill.
The Farnum Memorial Gardens has an incredible overlook spot in Prospect Hill.
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Car-free commutes with CT Transit and State Street Station

With sidewalk-lined roads and biking infrastructure, it’s easy to get around car-free from Prospect Hill. Yale University is the top regional employer among prominent healthcare companies and law firms. Prospect Hill locals are minutes from Interstate 91, and CT Transit buses make stops along the main roads for non-driving commuters. Locals can also hop on a train from the nearby State Street Station, shuttling riders to and from New York, making several stops along the way.

Tony Simonetti
Written By
Tony Simonetti
Chris Mantz
Photography Contributed By
Chris Mantz
Chris Freeman
Video By
Chris Freeman

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Patricia Moreggi, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Tweed/New Haven

14 min drive

Bus

Division St & Sheffield Ave

Bus

Prospect St & Hillside Pl

Bus

Whitney Ave & Sachem St

Bus

Munson St & Mansfield St

Bus

Winchester Ave & Opp Bassett St

Bus

Winchester Ave & Highland St

Bus

Whitney Ave & Opp Linden St

Crime and Safety

1 - Low Crime, 10 - High Crime Prospect Hill US
Homicide 5 4
Sexual Assault 4 4
Assault with Weapon 4 4
Robbery 5 4
Burglary 3 4
Motor Vehicle Theft 3 4
Larceny 3 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$445,000
Median Single Family Price
$1,275,000
Median 2 Bedroom Price
$414,500
Median 1 Bedroom Price
$275,000
Average Price Per Sq Ft
$313
Number of Homes for Sale
3
Last 12 months Home Sales
12
Months of Supply
3.00
Median List Price
$529,500
Median Discount From 1st List Price
-5%
Median Home Sale Price YoY Change
23%

Home Facts

Number of Homes in Neighborhood
512
Median Year Built
1920
Avg. Single Family Home Size Sq Ft
3,768
Significantly above the national average
1,935
Average Townhouse Size Sq Ft
3,036
Average 2 Bedroom Size Sq Ft
1,232
Average 1 Bedroom Size Sq Ft
722
Average Studio Size Sq Ft
645
Median Lot Size Sq Ft
12,196

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Patricia Moreggi, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
5,166
Median Age
30
Population Density
15 ppl/acre
Population under 18
24.7%
On par with the national average
23.8%
Population over 65
8.4%
Below the national average
19.1%

Finances

Median Household Income
$65,279
Below the national average
$71,702
Average Household Income
$103,994

Education and Workforce

High School Graduates
97.7%
College Graduates
75.9%
Significantly above the national average
34.1%
Advanced Degrees
59.6%
Significantly above the national average
13.3%
% Population in Labor Force
69.7%

Weather

Annual Precipitation
42''
Average Winter Low Temperature
23°F
Average Summer High Temperature
82°F
Annual Snowfall
16''

Area Factors

Bikeable

Bike Score®

68 / 100

Somewhat Walkable

Walk Score®

57 / 100

Some Transit

Transit Score®

47 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Reviews

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Prospect Hill