The story of this market
The typical home in ZIP 06518 sells for about $420,127, or $252 per square foot.
Prices are up +10.3% from a year ago, so sellers still have some momentum. Homes take about 61 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,154 a month.
ZIP 06518
The 06518 housing market is experiencing steady growth with a year-over-year price increase of 10.3%. While inventory remains tight, the market maintains a balanced seller-buyer dynamic with homes selling near the asking price. Demand is supported by a strong professional workforce and proximity to New Haven.
This ZIP is well-suited for professionals and commuters who value proximity to New Haven and the professional amenities of Hamden.
Median prices moved up 10.3% year over year.
Homes spend a median of 61 days on market with 1.4 months of supply — a fast-moving market.
0% 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 5.6% · poverty 9.8% — 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 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06518, 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 Hamden School District, with local schools including Bear Path School, Hamden Middle School, and Hamden High School.
The area features a mix of professional and residential development, with proximity to downtown Hamden and major regional employment hubs in the New Haven area.
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.
The median commute to work is approximately 21 minutes, with the majority of residents driving to their place of employment.
The area offers access to local parks and is situated within a few miles of downtown Hamden's shopping and dining amenities.
The rental market shows high demand with a median asking rent of $3,700 per month.
The local economy is driven by a high concentration of white-collar workers, with significant employment ties to the broader New Haven metropolitan area.
The area is primarily car-dependent, with a small percentage of residents utilizing public transportation.
Development is focused on maintaining the professional and residential character of the Hamden corridor.
Parcels are subject to the Hamden municipal tax jurisdiction and the Hamden School District.
Data retrieved from US Census Bureau ZCTA 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.
- Lake Compounce Amusement & Water Park4.215.1 mi
- Quassy Amusement & Waterpark4.514 mi
- Brownstone Adventure Sports Park4.417 mi
- Dave & Buster's Milford4.414.9 mi
- Urban Air Trampoline and Adventure Park411.6 mi
- Lake Compounce Amusement & Water Park4.215.1 mi
- Toyota Oakdale Theater4.43.6 mi
- Powder Ridge Mountain Park & Resort CT410.3 mi
- Cava Italian Restaurant3.513.9 mi
- Aqua Turf Club4.610.1 mi
- Yale Peabody Museum4.87.9 mi
- The Mead Visitor Center4.68.4 mi
- Yale University Art Gallery4.88.5 mi
- Cinemark North Haven and XD4.55.3 mi
- Lighthouse Point Park4.512.6 mi
- Lake Compounce Amusement & Water Park4.215.1 mi
- Yale Peabody Museum4.87.9 mi
- Yale University Art Gallery4.88.5 mi
- Castle Craig4.79.5 mi
- Kidcity Children's Museum4.816.2 mi
- Powder Ridge Mountain Park & Resort CT410.3 mi
- Lighthouse Point Park4.512.6 mi
- Sleeping Giant State Park4.70.9 mi
- Hubbard Park4.79 mi
- New Haven Green4.18.5 mi
- Milford Yacht Club4.616.8 mi
- Branford Yacht Club4.812.5 mi
- Petzold's Marine Center4.718.9 mi
- Guilford Town Marina4.816.8 mi
- Lyman Orchards Apple Barrel Farm Market4.311.1 mi
- Lyman Orchards Golf Club4.211.1 mi
- The Tradition Golf Club at Oak Lane4.29.3 mi
- The VUE CT3.72.7 mi
- Wheeler Family Traditions Golf Club4.14.9 mi
- Lyman Orchards Apple Barrel Farm Market4.311.1 mi
- Brass Mill Center3.910.1 mi
- Meriden Mall3.99.9 mi
- The Boulevard Flea Market4.39.7 mi
- Burlington3.711.3 mi
- Tweed New Haven Airport3.611.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides a variety of professional services and retail options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).