The story of this market
The typical home in ZIP 06412 sells for about $549,000, or $286 per square foot.
Prices are up +5.6% from a year ago, so sellers still have some momentum. Homes take about 63 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,549 a month.
ZIP 06412 — Chester
The 06412 housing market shows resilience with a median sale price of $549,000, reflecting a 5.6% year-over-year increase. Inventory remains tight, which continues to support pricing despite a measured pace of sales. Market activity is driven by local demand for established, historic-character homes in a stable, high-income community.
This ZIP is well-suited for families and professionals seeking a quiet, established community with historic character and access to riverfront recreation, though it requires a vehicle for most commuting needs.
Median prices moved up 5.6% year over year.
Homes spend a median of 63 days on market with 1.8 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 4.8% · poverty 11.9% — a stable, low-distress profile.
Built from 66 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.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 06412, Middlesex County, CT
The area is served by the Chester Elementary School and regional secondary schools, generally characterized as stable with moderate performance ratings.
The area faces standard regional risks for wind and storm events common to the Connecticut River Valley; flood risk is localized to riverfront parcels.
Economic momentum is driven by local small businesses and proximity to regional employment hubs in the Lower Connecticut River Valley; development is largely infill-focused.
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.
Commuting typically requires personal vehicle use, with access to Route 9 providing connections to Middletown and the I-95 corridor.
The area features access to the Connecticut River for boating, local hiking trails, and the historic Chester village center with boutique shopping and dining.
The rental market is characterized by limited inventory and steady demand, with few large-scale multi-family developments and a reliance on individual investor-owned units.
The local economy is anchored by small businesses, tourism, and professional services, with many residents commuting to larger employment centers in the Hartford-Middletown region.
Transportation is primarily highway-dependent via Route 9, with limited public transit options available for regional commuting.
Development is primarily focused on small-scale residential infill and preservation of the historic village character.
The town assessor manages property valuations based on periodic revaluations required by Connecticut state law.
Parcels are subject to local municipal taxes and regional school district assessments.
Property insurance markets are stable, though premiums reflect regional exposure to coastal storm and wind risks.
Data retrieved from ZCTA-level ACS tables.
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.
Historic district with local shops and restaurants.
Provides boating, fishing, and scenic access.
Historic ferry service across the Connecticut River.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).