The story of this market
The typical home in ZIP 06050 sells for about $359,785, or $205 per square foot.
Prices are up +16.1% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,253 a month.
ZIP 06050 — New Britain
The New Britain housing market shows steady price appreciation, with a 16.1% year-over-year increase in median sale price. While inventory remains tight, the market is supported by strong demand for affordable urban housing and transit-oriented living. Figures for months of supply and specific tax rates are based on current market trends and municipal data.
This ZIP is well-suited for first-time homebuyers, commuters seeking transit access to Hartford, and investors looking for rental opportunities in a dense, established urban environment.
Median prices moved up 16.1% year over year.
Homes spend a median of 44 days on market with 3.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 18.5% — 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 10.6%/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 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 06050, Hartford County, CT
New Britain experiences crime rates that are generally higher than the national average, with property and violent crime trends remaining a focus for local law enforcement in the urban core.
The city is served by the Consolidated School District of New Britain, which faces ongoing challenges in academic performance metrics compared to suburban Hartford County districts.
The area is subject to standard New England weather risks, including winter storms and occasional flooding in low-lying areas near the Quinnipiac River basin.
Known as the 'Hardware City,' New Britain maintains a legacy industrial base while seeing new investment in downtown revitalization and transit-oriented development near the CTfastrak 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 proximity to the CTfastrak bus rapid transit system, providing direct access to downtown Hartford and surrounding employment hubs.
The area features Walnut Hill Park, designed by Frederick Law Olmsted, along with various community parks, local shopping centers, and proximity to regional golf courses.
The rental market is characterized by high demand and limited vacancy, driven by a significant population of renters and proximity to Central Connecticut State University.
The economy is anchored by healthcare, education, and manufacturing, with major employers including the Hospital of Central Connecticut and Central Connecticut State University.
The city is a key node on the CTfastrak bus rapid transit line, connecting New Britain to Hartford and other regional centers.
Ongoing focus on transit-oriented development near the New Britain CTfastrak station to increase housing density.
Parcels are subject to municipal property taxes and the Consolidated School District of New Britain levies.
Property insurance premiums are influenced by regional weather patterns and the age of the housing stock in the urban 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.
A historic 90-acre park designed by Frederick Law Olmsted featuring a rose garden and war memorial.
A prominent cultural institution featuring extensive collections of American art.
Offers walking trails, fishing, and recreational sports facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.