The story of this market
The typical home in ZIP 06457 sells for about $375,000, or $216 per square foot.
Prices are up +11.1% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,446 a month.
ZIP 06457 — Middletown
The 06457 housing market remains competitive with low inventory driving price appreciation, though the pace of growth has moderated compared to previous years. Buyers are facing a tight supply environment, which continues to support a strong seller's market despite broader economic headwinds. Figures for specific metrics like price cuts and months of supply are based on current portal data, while some demographic data relies on the most recent ACS vintages.
This ZIP is well-suited for commuters seeking a balance between urban amenities and suburban space, as well as university-affiliated individuals and families looking for established neighborhoods with historic character.
Median prices moved up 11.1% year over year.
Homes spend a median of 34 days on market with 2.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 100.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 12.0% — 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 6.0%/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
net influx — more people moved in than out
ZCTA 06457, 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 Middletown are generally consistent with regional averages for similar-sized Connecticut cities, with property crime being the primary concern. Local law enforcement maintains active community policing initiatives to address localized trends.
Public schools in the area are served by Middletown Public Schools, which generally receive mixed ratings; families often evaluate specific neighborhood schools as performance varies by facility.
The area faces moderate risk from riverine flooding near the Connecticut River and occasional severe wind events, necessitating standard hazard insurance coverage for most residential properties.
Economic momentum is driven by the presence of Wesleyan University and a mix of healthcare and manufacturing employers, with ongoing efforts to revitalize the downtown riverfront district.
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 benefit from proximity to Route 9 and I-91, providing direct access to the Hartford employment core, typically a 20-30 minute drive.
The area features extensive access to the Connecticut River, numerous municipal parks like Wadsworth Falls State Park, and a historic downtown with diverse dining and shopping options.
The rental market is characterized by high demand due to the university population and proximity to regional employment hubs, resulting in low vacancy rates and steady rent growth.
The economy is anchored by Wesleyan University, Middlesex Health, and a diverse base of small-to-medium manufacturing and service-sector businesses.
The area is served by a network of state highways including Route 9 and Route 66, with limited public transit options primarily consisting of local bus services.
Development is focused on infill projects and the revitalization of the riverfront, with strict zoning to preserve the historic character of the city center.
The Middlesex County assessment regime relies on periodic revaluations conducted by the municipality to determine fair market value for tax purposes.
Parcels are subject to municipal taxes and specific fire district taxes, which vary depending on the location within the city's distinct fire service boundaries.
Property insurance premiums are stable but reflect regional risks associated with severe weather and flood zones near the river.
Connecticut is a judicial foreclosure state, requiring court intervention for all foreclosure proceedings.
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 06457 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.
Large state park featuring waterfalls, hiking trails, and swimming areas.
Major anchor institution providing cultural events, museums, and athletic facilities.
Historic downtown district with a high concentration of independent restaurants and retail.
Key-figure check: median price diverges 12.0% 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. Validation: the flagged $329,900 (-12% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.