The story of this market
The typical home in ZIP 06414 sells for about $425,000, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $2,100 a month.
ZIP 06414 — Cobalt
The housing market in 06414 remains tight with low inventory driving competitive conditions for buyers. Prices continue to show steady year-over-year growth, supported by the area's reputation for quality schools and suburban appeal. Demand remains resilient despite higher interest rates, as supply constraints keep upward pressure on valuations.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools and easy access to regional employment centers in central Connecticut.
Median prices moved up 4.2% year over year.
Homes spend a median of 38 days on market with 2.1 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 2.8% — 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 3.6%/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 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 06414, New Haven County CT
Cheshire (06414) maintains a low crime rate significantly below the national average, with property and violent crime incidents remaining infrequent and stable.
The area is served by Cheshire Public Schools, which are consistently highly rated for academic performance and college readiness.
The region faces moderate risks from winter storms and occasional heavy rainfall, with standard flood insurance requirements for properties in designated low-lying zones.
Economic momentum is driven by proximity to major employment hubs in New Haven and Hartford, with steady residential demand and limited new large-scale commercial development.
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 primarily commute by car via I-691 and I-84 toward New Haven or Hartford, with average commute times ranging from 25 to 35 minutes.
The area features extensive outdoor amenities including the Farmington Canal Heritage Trail, Bartlem Park, and several local golf courses and nature preserves.
The rental market is characterized by low vacancy rates and high demand, with limited multi-family inventory and a stable presence of long-term residential rentals.
The local economy is supported by a mix of professional services, healthcare, and education, with significant employment provided by nearby universities and regional medical centers.
Transportation is heavily reliant on private vehicles, with I-691 and Route 10 serving as primary corridors; public transit options are limited.
Development is focused on maintaining the town's suburban character while allowing for modest residential growth and downtown area enhancements.
The Town of Cheshire Assessor's office conducts periodic revaluations to ensure property assessments reflect current market conditions.
Parcels are subject to municipal taxes and regional school district levies; no significant MUD/PID districts are present.
Property insurance premiums are stable, though homeowners are advised to maintain adequate coverage for wind and water damage common in the Northeast.
Connecticut experiences modest net domestic migration, with suburban towns like Cheshire attracting families from higher-cost urban centers.
Connecticut is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically results in longer timelines.
Sellers are required to provide a comprehensive residential property condition disclosure report to buyers prior to the execution of a purchase agreement.
Data retrieved from data.census.gov ZCTA 06414 profile.
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 major regional multi-use trail providing extensive walking and cycling paths.
Central community park featuring sports fields, playgrounds, and event space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.