The story of this market
The typical home in ZIP 06510 sells for about $390,754, or $256 per square foot.
Prices are roughly flat from a year ago (-0.1%), a market in balance. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $2,042 a month.
ZIP 06510 — New Haven
The 06510 housing market is currently experiencing a period of price stabilization following years of rapid growth, with values remaining relatively flat year-over-year. High interest rates and limited inventory are keeping transaction volumes low, though demand remains supported by the university-anchored economy. The market is characterized by a high renter share and a focus on urban, transit-oriented living.
This area is best suited for young professionals, graduate students, and urban-dwelling commuters who prioritize proximity to Yale University and transit connectivity over suburban space.
Median prices moved down 0.1% year over year.
Homes spend a median of 42 days on market with 4.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 28.7% — a mixed stability 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 3.6%/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 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06510, 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.
Crime rates in the downtown New Haven area are higher than the national average, with property crime being the most frequently reported incident type.
Public schools in the area are part of the New Haven Public Schools district, which faces significant challenges in academic performance metrics compared to suburban Connecticut districts.
The area is located in a coastal zone with moderate flood risk associated with storm surges; property insurance premiums are influenced by proximity to the Long Island Sound.
Economic momentum is driven by the presence of Yale University and the associated biotech and medical research sectors, which anchor the local employment base.
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 high walkability and proximity to the New Haven Union Station, providing direct rail access to New York City and other regional employment hubs.
The ZIP code features immediate access to the New Haven Green, numerous historic sites, museums, and a dense concentration of urban dining and retail establishments.
The rental market is highly active due to the large student and academic population, resulting in low vacancy rates and consistent upward pressure on rents.
The economy is heavily anchored by Yale University and Yale New Haven Health, which are the primary drivers of employment and regional economic stability.
The area is served by CTtransit bus lines and is within walking distance of the New Haven Union Station, a major hub for Metro-North and Amtrak services.
Ongoing urban renewal projects focus on mixed-use residential and commercial development to increase housing density near the university core.
Parcels are subject to New Haven municipal taxes and the New Haven Public Schools district; no major MUDs or PIDs are present.
Property insurance costs are elevated due to coastal hazard exposure and the age of the housing stock in the downtown core.
Data retrieved from data.census.gov 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.
- Quassy Amusement & Waterpark4.519.1 mi
- Dave & Buster's Milford4.47.3 mi
- Urban Air Trampoline and Adventure Park44 mi
- It Adventure Ropes Course4.61.2 mi
- Sky Zone Trampoline Park4.216.1 mi
- Toyota Oakdale Theater4.410.9 mi
- Hartford HealthCare Amphitheater4.516.4 mi
- Powder Ridge Mountain Park & Resort CT416.8 mi
- Total Mortgage Arena4.316.3 mi
- Aqua Turf Club4.618.8 mi
- Yale Peabody Museum4.80.8 mi
- The Mead Visitor Center4.60.3 mi
- Yale University Art Gallery4.80.3 mi
- Silver Sands State Park4.610.3 mi
- Cinemark North Haven and XD4.54.6 mi
- Yale Peabody Museum4.80.8 mi
- Yale University Art Gallery4.80.3 mi
- Castle Craig4.718 mi
- Sacred Heart University Discovery Science Center and Planetarium4.117.1 mi
- Yale Center for British Art4.70.3 mi
- Silver Sands State Park4.610.3 mi
- Lighthouse Point Park4.54.1 mi
- Sleeping Giant State Park4.78.1 mi
- New Haven Green4.10.2 mi
- East Rock Park4.72 mi
- Captain's Cove Seaport (Marina, Restaurant & Bar)4.418.1 mi
- Black Rock Yacht Club4.718.9 mi
- Milford Yacht Club4.69.1 mi
- Branford Yacht Club4.86.4 mi
- Fayerweather Yacht Club4.618.4 mi
- Great River Golf Club4.78.4 mi
- The Tradition Golf Club at Oak Lane4.24.7 mi
- The VUE CT3.76.3 mi
- Wheeler Family Traditions Golf Club4.110.2 mi
- Race Brook Country Club4.64.2 mi
- Connecticut Post Mall4.37.4 mi
- Bishop's Orchards Farm Market & Winery4.512.1 mi
- Burlington412.7 mi
- Tweed New Haven Airport3.63.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic central park serving as a community hub and event space.
World-class art collection open to the public.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.