The story of this market
The typical home in ZIP 06461 sells for about $395,800, or $247 per square foot.
Prices are roughly flat from a year ago (+0.83%), a market in balance. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $2,299 a month.
ZIP 06461 — Milford
The housing market in 06461 remains stable with strong seller pricing power and limited inventory. High demand from commuters and families continues to support price growth, despite broader economic headwinds. The market is characterized by a balanced supply-demand dynamic, keeping days on market relatively low.
This ZIP is ideal for families and commuters seeking a suburban lifestyle with coastal amenities and convenient access to major Connecticut employment centers.
Median prices moved up 0.8% year over year.
Homes spend a median of 32 days on market with 2.5 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 4.2% — 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 3.7%/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
in-migration and out-migration balanced
ZCTA 06461, 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.
The area is served by the Milford Public Schools district, which generally maintains a strong reputation within the region for academic performance.
The area faces standard coastal Connecticut risks, including potential for storm surge and wind damage, with insurance premiums reflecting regional climate exposure.
Economic momentum is driven by proximity to the New Haven and Bridgeport employment corridors, with steady demand for residential housing in this established suburban enclave.
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 I-95 and the Merritt Parkway, providing direct access to major employment hubs in New Haven and Stamford, with rail service available via Metro-North.
The area features extensive access to Long Island Sound beaches, local parks, and golf courses, with significant retail and dining options concentrated along the Boston Post Road corridor.
The rental market is characterized by low vacancy pressure and steady demand, with limited new multi-family supply keeping upward pressure on rents.
The local economy is anchored by healthcare, education, and professional services, with significant employment spillover from the broader New Haven metro area.
The area is served by the Metro-North New Haven Line, providing rail connectivity to New York City and regional hubs, alongside major highway access via I-95.
Development is focused on transit-oriented residential projects near the downtown Milford station and revitalization of commercial corridors.
The New Haven County assessment regime follows state-mandated revaluation cycles to ensure property values reflect current market conditions.
Parcels are subject to municipal property taxes and regional school district levies, with no significant MUD/PID presence.
Property insurance premiums are influenced by coastal hazard exposure, with standard coverage requirements for flood and wind protection.
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 closing.
Data retrieved from data.census.gov ZCTA 06461 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.
Coastal park featuring boardwalks and beach access.
Central community hub with seasonal events and local dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.