The story of this market
The typical home in ZIP 06349 sells for about $425,000, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $2,100 a month.
ZIP 06349 — Groton
The Gales Ferry housing market remains stable with low inventory and consistent demand driven by the regional defense industry. Prices have seen moderate year-over-year growth, reflecting the broader Norwich-New London market trends. Buyers face a competitive environment for well-maintained single-family homes, while rental demand remains high due to the military and industrial workforce.
This area is ideal for families and professionals working in the defense sector who value a quiet, suburban lifestyle with proximity to the Thames River and regional employment hubs.
Median prices moved up 4.2% year over year.
Homes spend a median of 32 days on market with 3.6 months of supply — a fast-moving market.
12% 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 3.5% · poverty 5.2% — 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 5.4%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06335, New London County, CT
Crime rates in the Gales Ferry area are generally lower than the national average, with property crime being the primary concern; regional comparisons indicate it remains a relatively safe residential community within New London County.
Schools serving the area are part of the Ledyard Public Schools district, which is generally regarded as providing a stable educational environment with consistent performance metrics.
The area faces moderate risks related to coastal storm surges and wind events due to its proximity to the Thames River, with standard flood insurance requirements applying to properties in designated zones.
Economic momentum is driven by proximity to major regional employers including Electric Boat and the Naval Submarine Base New London, with steady residential demand supported by defense-sector stability.
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, with easy access to Route 12 providing a direct corridor to major employment hubs in Groton and New London.
The area features significant access to the Thames River for boating and fishing, along with local parks and trails such as the Ledyard Town parks system, providing ample outdoor recreation within a short drive.
The rental market is characterized by low vacancy rates and steady demand from military personnel and defense industry employees, with limited new multi-family inventory.
The economy is heavily anchored by the defense industry, specifically General Dynamics Electric Boat and the Naval Submarine Base New London, which drive local employment and housing demand.
Transportation is primarily automobile-dependent, with Route 12 serving as the main arterial road connecting the community to the broader Norwich-New London metro area.
Development is largely focused on residential infill and small-scale commercial improvements, with strict zoning to maintain the community's suburban character.
Parcels are subject to Ledyard municipal taxes and the Ledyard Public Schools district, with no major MUD/PID districts reported.
Property insurance premiums are influenced by coastal proximity and flood zone designations, with standard market availability for homeowners.
Data retrieved from US Census Bureau 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.
- Great Wolf Lodge | Mashantucket, CT3.88.9 mi
- Ocean Beach Park4.45.9 mi
- Supercharged Indoor Karting and Axe Throwing4.46.4 mi
- The Dinosaur Place4.47.2 mi
- Nature's Art Village4.57.1 mi
- Mohegan Sun4.56.7 mi
- Foxwoods Resort Casino4.38.8 mi
- Mohegan Sun Arena4.66.7 mi
- Water's Edge Resort & Spa4.219.5 mi
- Supercharged Indoor Karting and Axe Throwing4.46.4 mi
- Foxwoods Resort Casino4.38.8 mi
- Mystic Aquarium4.57.4 mi
- Great Wolf Lodge | Mashantucket, CT3.88.9 mi
- Rocky Neck State Park4.69.4 mi
- Harkness Memorial State Park4.86.5 mi
- Mystic Seaport Museum4.67.1 mi
- Gillette Castle State Park4.717.5 mi
- Essex Steam Train & Riverboat4.716.4 mi
- B.F. Clyde's Cider Mill4.67.2 mi
- Mashantucket Pequot Museum & Research Center4.78.4 mi
- Rocky Neck State Park4.69.4 mi
- Harkness Memorial State Park4.86.5 mi
- Ocean Beach Park4.45.9 mi
- The Dinosaur Place4.47.2 mi
- Bluff Point State Park4.75.1 mi
- Mystic Downtown Marina4.77 mi
- Black Hall Marina4.713.5 mi
- Three Belles Marina4.76.3 mi
- Mystic River Marina4.57.4 mi
- Safe Harbor Essex Island4.615.4 mi
- Foxwoods Resort Casino4.38.8 mi
- Lake of Isles4.69.6 mi
- Shennecossett Golf Course4.14.8 mi
- Pequot Golf Club4.19.4 mi
- Elmridge Golf Course3.912 mi
- Olde Mistick Village4.67.2 mi
- Tanger Outlets Foxwoods4.48.8 mi
- Burlington4.22.2 mi
- Nature's Art Village4.57.1 mi
- ShopRite of New London4.12 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides boating, fishing, and scenic views along the western border of the community.
Local branch serving the immediate community needs.
Public access point to the river for recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.