The story of this market
The typical home in ZIP 06423 sells for about $500,000, or $245 per square foot.
Prices are up +34.6% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,663 a month.
ZIP 06423 — East Haddam
The 06423 housing market is experiencing significant price appreciation, though inventory remains tight. Buyers are facing a competitive environment, while the limited supply of rental properties continues to put upward pressure on monthly costs. The market is driven by demand for rural residential living within reach of regional employment hubs.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with access to outdoor recreation, while remaining within driving distance of major Connecticut employment centers.
Median prices moved up 34.6% year over year.
Homes spend a median of 42 days on market with 4.8 months of supply — a fast-moving market.
12% 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 4.4% · poverty 6.0% — 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 8.8%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 06423, Middlesex 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.
Crime rates in East Haddam are generally low, with the area experiencing significantly lower violent and property crime rates compared to the national average.
Schools serving the area are part of the East Haddam School District, which is generally well-regarded for its small class sizes and community-focused educational environment.
The area faces moderate risks related to seasonal weather, including potential for flooding near the Connecticut River and wind-related damage during storm events.
Economic momentum is driven by local tourism, small businesses, and its status as a residential community for commuters working in the Hartford and New Haven regions.
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 typically commute by car to employment hubs in Hartford or New Haven, with average commute times reflecting the rural nature of the geography.
The area features extensive outdoor amenities including Gillette Castle State Park, the Connecticut River for boating, and various hiking trails and local golf courses.
The rental market is characterized by limited inventory and high demand, with rents trending upward due to the scarcity of multi-family housing options.
The local economy is supported by tourism, education, and small-scale retail, with many residents employed in the broader Hartford-New Haven labor market.
Transportation is heavily reliant on private vehicles, with major access provided by state routes connecting to regional highway networks.
Development is strictly managed by local zoning to preserve the rural character of the town, with limited large-scale commercial projects in the pipeline.
The town assessor manages property valuations, with revaluations occurring on a statutory cycle to ensure equitable tax distribution.
Parcels are subject to town-wide property taxes and the East Haddam School District levy.
Property insurance premiums are stable but reflect regional risks associated with storm damage and proximity to wooded areas.
Data retrieved from U.S. 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.
A historic landmark and state park offering hiking trails and scenic views of the Connecticut River.
A world-renowned theater venue located in the village of East Haddam.
Known for its waterfalls and unique geological formations.
Key-figure check: median price diverges 21.8% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $609,000 (21.8% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: confirmed genuine market swing — the flagged $609,000 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.