The story of this market
The typical home in ZIP 06426 sells for about $783,000, or $324 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,860 a month.
ZIP 06426 — Essex
The 06426 market remains stable with high home values and limited inventory, reflecting its status as a desirable, historic residential area. While price growth has moderated, the market remains competitive for well-maintained properties. Investors should note that the high entry price and specific local demand profile require careful underwriting.
This ZIP is best suited for affluent families, retirees, and those seeking a historic, quiet riverfront lifestyle, rather than investors looking for high-yield cash flow.
Median prices moved up 3.2% year over year.
Homes spend a median of 58 days on market with 4.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · 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 5.5%/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 06426, 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 Essex are generally low and compare favorably to regional averages in Middlesex County.
Schools serving the area are part of the Regional School District 4, which is generally well-regarded for its academic performance.
The area faces moderate risks related to coastal flooding and storm surges due to its proximity to the Connecticut River and Long Island Sound.
Economic momentum is driven by tourism, maritime industries, and its status as a historic residential enclave with 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.
Commuting typically requires personal vehicle use via Route 9, connecting to I-95 for access to major employment hubs like New Haven or Hartford.
The area features extensive access to the Connecticut River for boating, historic village shopping, and numerous local parks and nature preserves.
The rental market is tight with limited inventory, often catering to seasonal residents or those seeking the historic character of the village.
The local economy is anchored by tourism, professional services, and small-scale maritime businesses, with many residents commuting to larger regional employment centers.
Public transit is limited; the area is highly dependent on private vehicle transportation via state highway corridors.
Development is strictly managed by local zoning to preserve the historic character of the town, limiting large-scale projects.
The Middlesex County assessment regime relies on periodic revaluations conducted by the town to ensure tax equity.
Parcels are subject to local town taxes and regional school district levies.
Property insurance premiums are influenced by coastal hazard exposure and the age of historic housing stock.
Data retrieved from Census Reporter and ZIP-codes.com profiles.
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.
Focuses on the history and culture of the Connecticut River.
Historic district with boutique shops and waterfront dining.
Offers hiking trails and natural scenery.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).