The story of this market
The typical home in ZIP 06418 sells for about $337,000, or $275 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 $1,452 a month.
ZIP 06418 — Derby
The housing market in 06418 is currently balanced, with a median sale price of $337,000 and a moderate inventory level. Market activity remains stable, driven by steady demand from local buyers and commuters seeking proximity to regional transit hubs. Prices have seen a modest year-over-year increase, reflecting a resilient but cautious market environment.
This ZIP is well-suited for commuters seeking rail access to New Haven, families looking for more affordable housing options compared to the Fairfield County suburbs, and investors interested in multi-family properties.
Median prices moved up 4.2% year over year.
Homes spend a median of 38 days on market with 2.5 months of supply — a fast-moving market.
7% 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 5.7% · poverty 11.0% — 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 6.3%/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
in-migration and out-migration balanced
ZCTA 06418, New Haven 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.
Public schools in the area are generally rated as average, with the Derby Public Schools district serving the local student population.
The area is subject to standard New England climate risks, including seasonal flooding in low-lying areas near the Housatonic and Naugatuck rivers.
Economic momentum is tied to the broader Naugatuck Valley region, with ongoing efforts to revitalize former industrial sites and improve transit connectivity to larger employment hubs.
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 have access to the Metro-North Railroad via the Derby-Shelton station, providing rail transit toward New Haven and New York City, while major highways like Route 8 facilitate regional driving.
The area features access to the O'Sullivan's Island park, the Naugatuck River Greenway for walking and cycling, and proximity to local shopping centers along the Route 34 corridor.
The rental market is characterized by moderate demand, with a mix of multi-family housing and apartment complexes serving a diverse tenant base.
The local economy is supported by a mix of manufacturing, healthcare, and retail services, with many residents commuting to larger employment centers in New Haven and Fairfield counties.
The area is served by the Route 8 expressway and the Metro-North Waterbury Branch rail line, which connects to the main New Haven line.
Ongoing municipal planning focuses on the redevelopment of brownfield sites and the expansion of the Naugatuck River Greenway.
Parcels are subject to municipal taxes and the Derby Public Schools district levies.
Property insurance premiums are influenced by regional flood risk assessments and the age of the housing stock.
Data retrieved from data.census.gov 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.
A popular riverside park located at the confluence of the Housatonic and Naugatuck rivers.
A multi-use trail system providing recreational space for walking and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.