The story of this market
The typical home in ZIP 06034 sells for about $445,000, or $215 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $2,100 a month.
ZIP 06034 — Farmington
The housing market in 06034 remains stable with low inventory levels driving competitive conditions for buyers. Prices have seen modest year-over-year growth, supported by strong local fundamentals and high demand for suburban living. Current market activity is characterized by low turnover and steady interest from prospective homeowners.
This ZIP code is well-suited for families and professionals seeking a suburban environment with high-quality schools and a stable, quiet residential atmosphere.
Median prices moved up 2.4% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
15% 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 3.2% · poverty 2.8% — 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 4.1%/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 3.7%/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 06034, Hartford County CT
Crime rates in this area remain low compared to the broader regional average, with property crime being the primary concern reported by local law enforcement.
The area is served by highly-rated public schools that consistently perform above the state average in standardized testing and college readiness metrics.
The region faces moderate risk from severe wind events and occasional flooding in low-lying areas, with insurance premiums reflecting these environmental factors.
Economic momentum is driven by proximity to major corporate hubs and ongoing residential infill projects that maintain steady demand for housing.
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 by car to nearby employment centers, with access to major highway corridors facilitating travel to regional business districts.
The area features access to local parks, walking trails, and community recreational facilities, with shopping and dining options located within a short driving distance.
The rental market is characterized by low vacancy rates and high demand, with limited inventory keeping upward pressure on monthly asking rents.
The local economy is supported by a mix of professional services, healthcare, and education sectors, with strong ties to the broader Hartford regional labor market.
Transportation infrastructure is primarily highway-based, with limited public transit options requiring reliance on personal vehicles for most commutes.
Development is focused on maintaining the existing suburban character with limited, controlled growth in residential density.
The county appraisal district conducts periodic revaluations to ensure property assessments align with current market values.
Parcels are subject to local school district taxes and municipal service levies, with no major MUD or PID districts reported.
Property insurance remains stable, though premiums are influenced by regional exposure to wind and storm-related risks.
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.
Provides walking trails and open green space for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.