The story of this market
The typical home in ZIP 06355 sells for about $609,000, or $325 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,915 a month.
ZIP 06355 — Stonington
The 06355 housing market is currently balanced, with steady demand driven by the local defense and maritime economy. While median prices have appreciated, the market remains sensitive to affordability constraints, resulting in a cautious outlook for investors. Buyers should expect competitive conditions for well-priced properties.
This ZIP is well-suited for families and professionals working in the defense or maritime industries who value coastal living and proximity to the historic Mystic village.
Median prices moved up 3.0% year over year.
Homes spend a median of 24 days on market with 2.5 months of supply — a fast-moving market.
7% of listings have cut prices · homes sell at 102.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 3.2% — 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 7.6%/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 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06355
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 the 06355 area are generally considered low, consistent with the broader suburban profile of New London County.
Schools serving the 06355 area are part of the Groton and Stonington public school systems, which generally maintain competitive regional ratings.
The area faces standard coastal New England risks, including potential for storm surge and wind damage, necessitating standard flood and hazard insurance coverage.
Economic momentum is driven by the defense and maritime sectors, particularly the proximity to Electric Boat and the Naval Submarine Base New London.
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.
Commuters primarily utilize I-95 for access to major employment hubs in New London, Groton, and Providence, with limited public transit options available.
The area features significant coastal access, including the Mystic Seaport Museum, local marinas, and proximity to various parks and trails along the Mystic River.
The rental market is characterized by high demand due to the transient nature of the local military and maritime workforce, leading to low vacancy rates.
The economy is heavily anchored by the defense industry, specifically General Dynamics Electric Boat, and a robust tourism sector centered on the Mystic area.
The area is served by I-95 and local bus routes, with Amtrak rail service available at the nearby Mystic station.
Development is focused on infill residential projects and commercial upgrades within the historic village districts.
Parcels are subject to municipal property taxes and local school district levies, with no significant MUD/PID presence.
Property insurance premiums are influenced by coastal hazard exposure, with flood insurance often required for properties near the shoreline.
Data retrieved from US Census Bureau ZCTA-level 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.
- Great Wolf Lodge | Mashantucket, CT3.87.7 mi
- Ocean Beach Park4.47 mi
- Supercharged Indoor Karting and Axe Throwing4.412.3 mi
- The Dinosaur Place4.413.1 mi
- Nature's Art Village4.513 mi
- Mohegan Sun4.510.3 mi
- Foxwoods Resort Casino4.37.7 mi
- Mohegan Sun Arena4.610.3 mi
- Supercharged Indoor Karting and Axe Throwing4.412.3 mi
- Saltwater Farm Vineyard4.65.2 mi
- Foxwoods Resort Casino4.37.7 mi
- Mystic Aquarium4.51.9 mi
- Great Wolf Lodge | Mashantucket, CT3.87.7 mi
- Harkness Memorial State Park4.87.8 mi
- Ocean Beach Park4.47 mi
- Mystic Seaport Museum4.61.2 mi
- B.F. Clyde's Cider Mill4.63 mi
- Mashantucket Pequot Museum & Research Center4.77.2 mi
- Submarine Force Library & Museum4.85.4 mi
- Nature's Art Village4.513 mi
- Harkness Memorial State Park4.87.8 mi
- Ocean Beach Park4.47 mi
- Bluff Point State Park4.73.1 mi
- Niantic Boardwalk4.710.5 mi
- Napatree Point Conservation Area4.86.9 mi
- Mystic Downtown Marina4.71.1 mi
- Black Hall Marina4.717.6 mi
- Three Belles Marina4.710.6 mi
- Mystic River Marina4.51.9 mi
- Foxwoods Resort Casino4.37.7 mi
- Lake of Isles4.68.5 mi
- Winnapaug Country Club4.110.2 mi
- Shennecossett Golf Course4.14.9 mi
- Pequot Golf Club4.14.1 mi
- Olde Mistick Village4.61.7 mi
- Tanger Outlets Foxwoods4.47.8 mi
- Burlington4.26.8 mi
- ShopRite of New London4.16.8 mi
- The Velvet Mill4.54.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major maritime history museum and historic village.
A prominent regional aquarium and research center.
A colonial-style shopping and dining district.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.