The story of this market
The typical home in ZIP 06443 sells for about $825,000, or $350 per square foot.
Prices are up +2.5% 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 $2,025 a month.
ZIP 06443 — Madison
The Madison housing market remains a robust seller's market characterized by high price points and limited inventory. Strong demand from affluent buyers and the town's reputation for excellent schools continue to drive price appreciation, despite broader economic headwinds. The market is currently stable with low turnover and high competition for desirable properties.
This ZIP is ideal for affluent families and professionals seeking a high quality of life, top-tier schools, and coastal living, with limited options for budget-conscious renters or first-time buyers.
Median prices moved up 2.5% year over year.
Homes spend a median of 58 days on market with 3.2 months of supply — a fast-moving market.
15% 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 5.3% · poverty 3.6% — 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 7.9%/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 4.7%/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 06443, 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.
Madison is characterized by very low crime rates, consistently ranking among the safest communities in Connecticut and significantly below regional averages.
The Madison Public Schools district is highly regarded, consistently ranking among the top-performing districts in the state with strong academic outcomes and college readiness metrics.
The area faces moderate coastal flood risks due to its Long Island Sound shoreline and potential for severe wind events, necessitating standard flood and wind insurance coverage.
Economic momentum is driven by its status as a desirable residential shoreline community with proximity to New Haven's biotech and academic hubs, though new large-scale commercial development is limited by zoning.
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 via I-95 toward New Haven or utilize the Shore Line East rail service for access to broader regional employment centers.
The area features extensive recreational amenities including Hammonasset Beach State Park, Chatfield Hollow State Park, numerous hiking trails, and a historic downtown shopping and dining district.
The rental market is characterized by low inventory and high demand, with limited turnover and stable, high-end pricing reflecting the town's affluent demographic.
The local economy is primarily service-oriented, supported by local retail, education, and healthcare, with many residents commuting to major employers in New Haven and the broader South Central Connecticut region.
The area is served by I-95 and the Shore Line East commuter rail, providing essential connectivity to New Haven and the greater New York City metropolitan area.
Development is focused on small-scale residential infill and town-center revitalization projects, with strict adherence to local zoning and historic preservation guidelines.
Parcels are subject to Madison Public Schools district taxes and standard municipal levies; no major MUD/PID districts are present.
Property insurance premiums are influenced by coastal hazard exposure, with many properties requiring separate flood insurance policies.
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.
Connecticut's largest shoreline park featuring over two miles of beach.
Features hiking trails, swimming, and historic sites.
Historic site managed by the Madison Historical Society.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.