The story of this market
The typical home in ZIP 06350 sells for about $229,700, or $135 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 06350 — Hanover
The housing market in 06350 is characterized by extremely low inventory and minimal sales activity, typical of a small, rural ZCTA. Prices have seen modest appreciation consistent with regional trends, though the lack of transaction volume makes market-wide metrics difficult to generalize. Most housing units are owner-occupied with a stable, aging population base.
This area is primarily suited for individuals seeking a quiet, rural residential environment with limited local amenities.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 6.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 5.0% — 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 2.4%/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 2.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 06350, New London County, CT
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 local economy is primarily rural with limited commercial activity.
Data retrieved from US Census Bureau ZCTA 06350 profile.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.