The story of this market
The typical home in ZIP 06492 sells for about $372,500, or $247 per square foot.
Prices are down 2.3% from a year ago, which gives buyers more room to negotiate. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,377 a month.
ZIP 06492 — Wallingford
The 06492 housing market remains stable with a median price of approximately $372,500 and a low inventory of 66 active listings. Market conditions are balanced, with homes selling in a median of 32 days, reflecting steady demand from local buyers. The area's strong median household income and central location continue to support property values.
This ZIP is well-suited for families and commuters seeking a balance between suburban living and accessibility to major Connecticut employment hubs, offering a stable housing market with diverse property types.
Median prices moved down 2.3% year over year.
Homes spend a median of 32 days on market with 1.4 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 3.9% · poverty 5.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06492, 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.
Wallingford public schools are generally well-regarded, serving the community through the Wallingford Public Schools district.
The area is subject to standard New England climate risks, including winter storms and occasional heavy rainfall; property insurance remains stable but reflects regional hazard exposure.
Wallingford maintains a steady economic base with a mix of manufacturing, retail, and service-sector employers, benefiting from its central location between New Haven and Hartford.
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.
Located centrally in Connecticut, the ZIP offers convenient access to I-91 and the Wilbur Cross Parkway, facilitating commutes to New Haven and Hartford.
The area features numerous local parks, community sports facilities, and proximity to the Quinnipiac River, with diverse shopping and dining options along the Main Street corridor.
The rental market is characterized by moderate vacancy pressure and steady demand, with a mix of apartment complexes and single-family rentals available.
The local economy is anchored by a diverse mix of manufacturing, healthcare, and retail sectors, supported by its strategic position in the New Haven-Hartford corridor.
The area is served by major highway corridors including I-91 and Route 15, with regional transit connectivity provided by bus services and proximity to rail lines.
Development activity is focused on maintaining the town's suburban character while supporting modest residential and commercial infill projects.
Parcels are subject to municipal property taxes and standard utility district assessments for water and sewer services.
Property insurance premiums are consistent with regional averages for Connecticut, reflecting standard hazard profiles for the Northeast.
Data retrieved from census.gov and local market profiles.
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.
Provides scenic views and recreational opportunities.
The primary commercial hub featuring local businesses and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.