The story of this market
The typical home in ZIP 06226 sells for about $280,122, or $163 per square foot.
Prices are down 10.2% from a year ago, which gives buyers more room to negotiate. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,656 a month.
ZIP 06226 — Willimantic
The 06226 housing market is currently experiencing downward price pressure with a 10.2% year-over-year decline in median sale prices. The area faces significant economic headwinds, including high poverty rates and below-average household incomes, which necessitate tight underwriting for potential investors. Figures for closed sales count, months of supply, and effective tax rates are not currently published at the ZIP level.
This ZIP is suited for budget-conscious renters and experienced investors comfortable with tight underwriting, though it presents significant economic challenges for traditional family buyers.
Median prices moved down 10.2% year over year.
Homes spend a median of 14 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.4% · poverty 23.0% — a mixed stability profile.
Built from 166 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
ZCTA 06226
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Connecticut) — Municipal Real Property Tax Assessment & Mill Rate Mechanics: Under C.G.S. § 12-62a, all taxable real property is assessed uniformly at a mandatory 70% assessment ratio of its fair market value (FMV). Real property tax is computed annually using the formula: Assessed Value = Fair Market Value × 0.
The mean travel time to work for residents is approximately 23.2 minutes.
The rental market is characterized by a high renter share of approximately 61-64% and a 2-bedroom fair market rent of $1,730.
The local economy faces significant challenges with a median household income 37-40% below the national median and a poverty rate of approximately 23%.
Data retrieved from Census Bureau and ZipCodeDex
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- Dave & Buster's Manchester4.118.8 mi
- The Dinosaur Place4.419.4 mi
- Spare Time Vernon4.517 mi
- Nature's Art Village4.519.4 mi
- Urban Air Trampoline and Adventure Park418 mi
- Mohegan Sun4.516.4 mi
- Mohegan Sun Arena4.616.5 mi
- Harry A. Gampel Pavilion4.76.8 mi
- Dave & Buster's Manchester4.118.8 mi
- Stafford Motor Speedway4.717.8 mi
- Mansfield Drive-in Theatre & Marketplace4.63.3 mi
- Diana's Pool4.65.9 mi
- The Adventure Park at Storrs4.99.4 mi
- Gay City State Park4.512.3 mi
- Mansfield Movieplex 84.21.5 mi
- Nature's Art Village4.519.4 mi
- Lutz Children's Museum4.316.4 mi
- New England Motorcycle Museum4.816.8 mi
- Nathan Hale Homestead Museum4.78 mi
- Slater Memorial Museum4.613.8 mi
- Diana's Pool4.65.9 mi
- Gay City State Park4.512.3 mi
- Mansfield Hollow State Park4.73.5 mi
- Horsebarn Hill4.97.4 mi
- Colchester Parks and Recreation4.511.6 mi
- Norwich Marina4.514.7 mi
- Blackledge Country Club4.512.4 mi
- Mohegan Sun Golf Club4.27.2 mi
- Windham Golf Course3.91.4 mi
- Skungamaug River Golf Club410.7 mi
- Chanticlair Golf Course3.911.3 mi
- Big Y4.312.7 mi
- Big Y4.41.7 mi
- Price Chopper4.16.4 mi
- Coventry Farmers' Market4.88 mi
- East Brook Mall3.91.5 mi
- Bradley International Airport4.429.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).