Compare with
A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already +19.0% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +0.0% YoY, is the number to watch.
The median listing price is up 19.0% YoY while the median home got up 19.6% bigger, so value per square foot is down 5.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $630K purchase rents for $2,599/mo: 0.41% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent).
Sales here take about 1 day longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 06461 itself, not its parent county.
Renters hold 11.0% of this ZIP's 5,823 occupied households, on a median household income of $133K.
| Measure | ZIP 06461 | South Central Connecticut Planning Region | Difference |
|---|---|---|---|
| Median Household Income | $133K | $88K | +$45K |
| Below Poverty Level | 4.2% | 11.4% | -7.2% |
| Median Age | 44.10 | 40.20 | +3.90 |
| Total Population | 15,035 | 570,598 | -- |
| Avg Household Size | 2.55 | 2.38 | +0.17 |
| Owner-Occupied | 89.0% | 60.5% | +28.5% |
| Worked From Home | 18.9% | 14.3% | +4.6% |
| Mean Commute | 24.20 | 23.50 | +0.70 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.7% to 570,598: residents under 18 are down 0.5% and those 65 and over are up 2.9%.
County median household income is $88K, 11.4% of residents are below the poverty level, 14.3% work from home.