The story of this market
The typical home in ZIP 06514 sells for about $325,000, or $215 per square foot.
Prices are roughly flat from a year ago (-0.69%), a market in balance. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,672 a month.
ZIP 06514 — Hamden
The housing market in 06514 is currently balanced, with a median sale price of $325,000 and a stable year-over-year price trend. Demand remains steady due to the area's proximity to New Haven's major employment hubs, though inventory levels remain tight, keeping the market competitive for buyers.
This ZIP is well-suited for families seeking suburban living with easy access to New Haven, as well as investors targeting the student rental market near the university.
Median prices moved down 0.7% year over year.
Homes spend a median of 35 days on market with 2.1 months of supply — a fast-moving market.
18% 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 6.6% · poverty 10.6% — 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 4.7%/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 4.4%/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 06514, 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 trends in Hamden are generally stable, with property crime rates remaining consistent with regional averages for suburban New Haven County.
Public schools in the area are part of the Hamden Public Schools district, which maintains a diverse student body and offers a range of academic and extracurricular programs.
The area faces standard New England climate risks, including potential for winter storm damage and localized flooding in low-lying areas near the Mill River.
Economic momentum is driven by proximity to major employers in New Haven, including Yale University and Yale New Haven Health, alongside local retail development along the Dixwell Avenue corridor.
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 Wilbur Cross Parkway (Route 15) and I-91, providing a straightforward commute to downtown New Haven and surrounding employment hubs.
The area features access to the Farmington Canal Heritage Trail for cycling and walking, as well as proximity to Sleeping Giant State Park for hiking and outdoor recreation.
The rental market remains competitive due to the area's proximity to Southern Connecticut State University, with steady demand for both single-family rentals and apartment units.
The local economy is anchored by the education and healthcare sectors in nearby New Haven, with a significant retail presence along the Dixwell Avenue corridor.
The area is served by CTtransit bus routes connecting to New Haven, with major highway access via Route 15 and I-91.
Ongoing efforts focus on the revitalization of the Dixwell Avenue commercial corridor and improvements to local pedestrian infrastructure.
Parcels are subject to the Hamden Public Schools district and regional utility service districts.
Property insurance premiums are influenced by regional exposure to coastal storm events and standard New England weather patterns.
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.
A major regional multi-use trail providing walking and cycling access.
A large state park offering extensive hiking trails and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.