The story of this market
The typical home in ZIP 06424 sells for about $419,900, or $215 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,408 a month.
ZIP 06424 — East Hampton
The housing market in 06424 is characterized by high homeownership rates and relative affordability compared to regional benchmarks, with a median home value of $347,800. Demand remains steady, supported by a strong median household income of $123,680 and a low poverty rate. Market conditions are stable, with limited inventory and consistent sales activity driving a positive outlook for local property owners.
This ZIP is well-suited for families and established professionals seeking a stable, suburban environment with high homeownership rates and access to outdoor amenities.
Median prices moved up 5.2% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 3.5% — a stable, low-distress profile.
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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 06424, Middlesex County, CT
The area is served by East Hampton Public Schools, which generally maintain stable performance ratings within the regional context.
The area is subject to standard New England climate risks, including seasonal storm activity and potential flood risks near water bodies; insurance coverage is typical for the region.
Economic momentum is driven by residential stability and proximity to regional employment hubs in Middlesex County, with steady demand for housing.
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.
Residents typically commute by car to employment centers in Middletown and the greater Hartford area, with average commute times reflecting a suburban profile.
The area features significant recreational access, including Lake Pocotopaug, various town parks, and proximity to hiking trails and local shopping districts.
The rental market is characterized by low vacancy pressure and steady demand, with a limited supply of multi-family units compared to single-family housing.
The local economy is supported by a mix of small businesses, retail, and services, with many residents commuting to larger employers in Middletown and Hartford.
Transportation is primarily automobile-dependent, with access to major state routes connecting to regional highway networks.
Development is focused on maintaining the suburban character of the town with limited large-scale commercial expansion.
Parcels are subject to municipal property taxes and standard school district levies.
Property insurance markets are stable, though premiums reflect regional exposure to wind and storm events.
Data retrieved from ZipCodeDex and Census Bureau profiles.
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.
A major local landmark providing recreational boating and swimming access.
Hosts community events and regional gatherings.
A multi-use rail trail popular for hiking and cycling.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).