The story of this market
The typical home in ZIP 06238 sells for about $390,000, or $244 per square foot.
Prices are down 3.1% from a year ago, which gives buyers more room to negotiate. Homes take about 26 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,232 a month.
ZIP 06238 — Coventry
The 06238 housing market is characterized by limited inventory and steady demand, maintaining a seller-favorable environment. While median sale prices show modest year-over-year appreciation, recent trends suggest some stabilization. The market's strength is supported by its appeal to families and professionals seeking a semi-rural lifestyle with reasonable access to the Hartford employment core.
Primarily family buyers and established professionals who value the suburban/semi-rural aesthetic, historical context, and access to local lake recreation while maintaining commute access to Hartford.
Median prices moved down 3.1% year over year.
Homes spend a median of 26 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 105% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 5.1% — a stable, low-distress profile.
Built from 217 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.
versus the prior ACS vintage
ZCTA 06238, Tolland County CT
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Reported crime data specific to this ZIP is not determinable in current market reports; the area is generally characterized as a semi-rural, residential community.
Schools are served by the Coventry Public Schools district, which maintains a positive reputation locally and performs consistently well in state-level academic testing.
The area faces moderate environmental risks; specific properties may be located in FEMA-mapped flood zones (e.g., Zone A07 near water bodies like Coventry Lake), and the region has a moderate radon potential.
The local economy is bolstered by proximity to the Hartford employment core, with major regional employers including aerospace, insurance, and manufacturing firms (e.g., Pratt & Whitney, The Hartford).
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 are typically commuters, with a drive of approximately 20 miles to the Hartford employment core.
The area is anchored by Coventry Lake (Wangumbaug), which offers a boat launch, two public beaches, and proximity to the Nathan Hale Homestead.
Rental market depth is limited; demand is steady with low vacancy pressure, often attracting those seeking a semi-rural lifestyle near larger employment hubs.
Mix of local small businesses, agriculture/farmers' markets, and professional commuters working in the Hartford/Greater Hartford region.
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Development is generally paced to preserve the semi-rural, historic character of the town.
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Served by Coventry local government and regional special districts for education and fire/rescue services.
Property insurance is influenced by the proximity to Coventry Lake and general rural fire-protection ratings.
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Data retrieved from data.census.gov for ZCTA 06238. Some figures may be estimates or subject to sampling variability.
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.
- Funcity Trampoline and Adventure Park4.219.1 mi
- Sonny's Place4.516.9 mi
- Dave & Buster's Manchester4.112.7 mi
- Spare Time Vernon4.510.4 mi
- Nomads Adventure Quest416 mi
- Pratt & Whitney Stadium at Rentschler Field4.416.1 mi
- Connecticut Convention Center4.518.6 mi
- PeoplesBank Arena4.319 mi
- The Bushnell Performing Arts Center4.719.3 mi
- The Meadows Music Theatre4.318.6 mi
- Cinemark Buckland Hills 18 XD and IMAX4.512.6 mi
- Mansfield Drive-in Theatre & Marketplace4.63.4 mi
- Dave & Buster's Manchester4.112.7 mi
- Spare Time Vernon4.510.4 mi
- Urban Air Trampoline and Adventure Park411.9 mi
- Connecticut Science Center4.618.7 mi
- Wadsworth Atheneum Museum of Art4.718.9 mi
- Dinosaur State Park4.519.9 mi
- Connecticut Trolley Museum4.418.4 mi
- Connecticut's Old State House4.618.8 mi
- Case Mountain4.79.4 mi
- Diana's Pool4.69.1 mi
- Valley Falls Park4.67.5 mi
- Charter Oak Park4.610.7 mi
- Gay City State Park4.57.8 mi
- Blackledge Country Club4.59.5 mi
- Windham Golf Course3.97 mi
- Skungamaug River Golf Club44.2 mi
- Minnechaug Golf Course4.211.5 mi
- Chanticlair Golf Course3.913 mi
- The Shoppes at Buckland Hills4.312.5 mi
- T.J. Maxx & HomeGoods4.410.6 mi
- Kohl's4.210.9 mi
- Big Y4.310.9 mi
- Big Y4.36.5 mi
- Bradley International Airport4.422.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Offers a boat launch, two public beaches, and recreational opportunities.
Historic property offering insight into local history.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).