The story of this market
The typical home in ZIP 06460 sells for about $539,000, or $342 per square foot.
Prices are up +14.27% 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 $1,845 a month.
ZIP 06460 — Milford
The housing market in 06460 remains highly competitive, characterized by strong price appreciation and limited inventory. High demand from commuters and families, coupled with the area's coastal appeal, continues to drive market activity and maintain upward pressure on home values.
This ZIP is ideal for families seeking a coastal lifestyle, commuters needing rail access to major cities, and professionals working in the New Haven-Milford corridor. The area offers a balance of suburban amenities and urban convenience.
Median prices moved up 14.3% year over year.
Homes spend a median of 42 days on market with 2.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 5.4% — 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 6.1%/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 3.8%/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 06460, 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.
Milford generally experiences lower crime rates compared to larger urban centers in Connecticut, with property crime being the primary concern. Local law enforcement maintains a consistent presence, and the area is widely considered safe for families and commuters.
The Milford Public Schools district is generally well-regarded, with several schools receiving high marks for academic performance and student support. The district offers a variety of programs, including magnet and specialized curriculum options.
As a coastal community, 06460 faces risks related to storm surges and coastal flooding, particularly in low-lying areas near the Long Island Sound. Property owners are often required to carry flood insurance, and the city maintains active emergency management protocols.
Milford benefits from its strategic location along the I-95 corridor and Metro-North rail line, supporting a mix of retail, healthcare, and professional services. Development momentum is focused on transit-oriented residential projects and the revitalization of the downtown area.
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 direct access to the Milford Metro-North station, providing a reliable commute to New Haven and New York City. The area is also well-served by I-95 and the Merritt Parkway for regional vehicular travel.
The ZIP code features extensive coastal access, including Gulf Beach and Walnut Beach, along with numerous parks and trails. Residents enjoy proximity to the downtown shopping district and various golf courses located within a short drive.
The rental market is characterized by high demand and low vacancy rates, driven by the area's desirability and proximity to employment hubs. Short-term rentals are present but regulated by local zoning ordinances.
The local economy is anchored by healthcare, education, and professional services, with significant employment provided by regional retail and manufacturing hubs. The area benefits from its position within the New Haven-Milford metropolitan statistical area.
Milford is served by the Metro-North New Haven Line and is strategically located at the intersection of I-95 and the Wilbur Cross Parkway, facilitating regional connectivity.
Development is focused on infill projects and the modernization of existing commercial corridors to support population growth and housing demand.
Parcels are subject to municipal property taxes and standard school district levies; no special MUD or PID districts are currently active.
Property insurance premiums are influenced by coastal hazard exposure, with many properties requiring separate flood insurance policies.
Data retrieved from U.S. Census Bureau ACS 5-year estimates for ZCTA 06460.
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 public beach offering scenic views and recreational space.
A historic district featuring local boutiques, restaurants, and community events.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 81.7% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: confirmed genuine market swing — the flagged $539,000 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.