The story of this market
The typical home in ZIP 06475 sells for about $895,000, or $345 per square foot.
Prices are up +21.85% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,846 a month.
ZIP 06475 — Old Saybrook
The Old Saybrook housing market is currently characterized by strong price appreciation and high demand, with a median sale price of $895,000. Limited inventory and a desirable coastal location continue to drive competitive conditions for buyers. Rental demand remains robust, reflecting the town's appeal as both a primary residence and a seasonal destination.
This ZIP is ideal for families, retirees, and professionals seeking a coastal lifestyle with high-quality schools and convenient access to major Connecticut employment centers.
Median prices moved up 21.9% year over year.
Homes spend a median of 48 days on market with 4.2 months of supply — a fast-moving market.
18% 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 2.9% · poverty 5.0% — 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 9.8%/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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 06475, 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.
Old Saybrook generally reports low crime rates, consistently ranking as safer than the national average and comparable to other affluent coastal Connecticut towns.
The area is served by the Old Saybrook School District, which is highly regarded for its academic performance and small class sizes.
As a coastal community, the ZIP faces risks related to storm surges and flooding, necessitating flood insurance for many properties in low-lying areas.
Economic momentum is driven by tourism, retail, and professional services, with ongoing efforts to revitalize the downtown area and maintain historic character.
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 or the Shore Line East rail service, providing access to employment hubs in New Haven and Hartford.
The area features extensive coastal access, including Harvey's Beach and Saybrook Point, alongside numerous parks, golf courses, and a vibrant downtown shopping district.
The rental market is tight with high demand, driven by seasonal tourism and a limited supply of year-round housing inventory.
The local economy is anchored by tourism, healthcare, and retail, with a significant portion of the workforce commuting to larger regional employers.
The area is well-connected by I-95 and the Shore Line East train, facilitating regional transit.
Development is strictly managed to preserve the town's historic character, with limited large-scale residential projects.
The Middlesex County assessment regime relies on periodic revaluations conducted by the town to ensure tax equity.
Parcels are subject to municipal taxes and specific fire district levies common in Connecticut coastal towns.
Property insurance premiums are elevated due to coastal hazard exposure, particularly for flood and wind coverage.
Data retrieved from US Census Bureau 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.
Popular public beach on the Long Island Sound.
Historic area with marina and scenic views.
Primary retail hub for the community.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).