The story of this market
The typical home in ZIP 06040 sells for about $344,826, or $212 per square foot.
Prices are up +6.9% from a year ago, so sellers still have some momentum. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,384 a month.
ZIP 06040 — Manchester
The 06040 housing market shows competitive conditions with a median sale price of $344,826 and a 6.9% year-over-year increase. Several metrics, including closed sales count, sale-to-list ratio, and months of supply, are not currently published at the ZIP level. Market activity is driven by steady demand in the Manchester area.
This ZIP is well-suited for commuters seeking suburban living with urban access, as well as families looking for established neighborhoods and robust retail amenities. It also attracts investors due to the consistent demand for rental housing.
Median prices moved up 6.9% year over year.
Homes spend a median of 18 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 10.9% — 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 7.2%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 06040, Connecticut
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Manchester are generally consistent with regional averages for similar-sized Connecticut suburbs, with property crime being the primary concern. Local law enforcement maintains active community policing initiatives to address neighborhood-specific trends.
The Manchester Public Schools district serves the area, offering a range of magnet and traditional school options. Performance ratings are mixed, with ongoing district-wide efforts to improve student outcomes and curriculum standards.
The area faces standard New England climate risks, including winter storm impacts and occasional heavy rainfall leading to localized flooding in low-lying areas. Property insurance remains stable but reflects regional exposure to wind and storm-related damage.
Manchester serves as a major retail and commercial hub for the region, anchored by the Buckland Hills area. Economic momentum is driven by a mix of retail, healthcare, and light industrial sectors, with ongoing efforts to revitalize the downtown corridor.
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 benefit from direct access to I-84 and I-384, providing efficient transit to the Hartford employment core. Public transit options include CTtransit bus services connecting the ZIP to downtown Hartford and surrounding towns.
The area features extensive recreational amenities, including Wickham Park, numerous town-maintained trails, and proximity to the Connecticut River. Shopping is concentrated in the Buckland Hills district, which serves as a regional destination.
The rental market is characterized by high demand and low vacancy rates, driven by the area's proximity to Hartford and regional employment centers. Rent growth has remained steady, with a mix of multi-family complexes and single-family rental inventory.
The local economy is anchored by the retail sector in the Buckland Hills area and a diverse base of healthcare and manufacturing employers. It functions as a key economic node within the Greater Hartford region.
The area is served by a robust network of highways including I-84 and I-384, facilitating regional travel. Public transportation is supported by CTtransit bus routes providing connectivity to Hartford.
Development efforts are focused on infill projects and the modernization of existing commercial corridors to support long-term economic growth.
The Hartford County assessment regime relies on periodic town-wide revaluations to ensure property tax equity across residential and commercial parcels.
Parcels in this ZIP are subject to town-level property taxes and participate in the Manchester Public Schools district; no major MUD/PID districts are present.
Property insurance premiums are influenced by regional weather patterns and the age of housing stock, with standard coverage available through major carriers.
Data retrieved from census-based aggregators; specific ACS fields not fully populated in source.
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.
A large regional park featuring gardens, sports fields, and scenic views.
A major regional retail hub featuring extensive shopping and dining options.
Popular hiking and mountain biking trails with panoramic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.