The story of this market
The typical home in ZIP 06415 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 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,474 a month.
ZIP 06415 — Colchester
The housing market in 06415 remains stable with moderate price appreciation and low inventory levels. Demand is driven by families seeking quality schools and a suburban environment, keeping the market competitive despite broader economic headwinds.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to outdoor amenities while remaining within commuting distance of major regional employment centers.
Median prices moved up 4.2% year over year.
Homes spend a median of 28 days on market with 2.6 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.7% · poverty 3.8% — 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 6.3%/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 3.0%/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 06415, New London 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.
Colchester generally experiences low crime rates compared to the broader Connecticut average, with property crime remaining the primary concern for local law enforcement.
The area is served by Colchester Public Schools, which are generally well-regarded for their academic performance and community-focused programming.
The region faces moderate risks from severe winter weather and occasional high winds, with standard flood insurance recommended for properties near local water bodies.
Economic momentum is driven by its proximity to the Norwich-New London employment corridor and a steady influx of families seeking suburban living.
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 toward the Norwich-New London employment hubs or Hartford, with average commute times reflecting a suburban-to-urban transit pattern.
The area features access to the Airline State Park Trail, local town parks, and various lakes, providing ample opportunities for hiking, fishing, and outdoor recreation.
The rental market is characterized by low vacancy rates and steady demand, with limited inventory often leading to competitive conditions for prospective tenants.
The local economy is supported by a mix of small businesses, retail, and proximity to the larger Norwich-New London industrial and service sectors.
Development is primarily focused on residential infill and small-scale commercial expansion to maintain the town's suburban character.
Parcels are subject to town-level property taxes and standard utility district assessments.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in New England.
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.
- Funcity Trampoline and Adventure Park4.217.8 mi
- Brownstone Adventure Sports Park4.415.1 mi
- Supercharged Indoor Karting and Axe Throwing4.411.4 mi
- The Dinosaur Place4.410.5 mi
- Nature's Art Village4.510.6 mi
- Mohegan Sun4.514.2 mi
- Mohegan Sun Arena4.614.3 mi
- Pratt & Whitney Stadium at Rentschler Field4.420 mi
- Water's Edge Resort & Spa4.219 mi
- Supercharged Indoor Karting and Axe Throwing4.411.4 mi
- Gillette Castle State Park4.79.5 mi
- Supercharged Indoor Karting and Axe Throwing4.411.4 mi
- Devil's Hopyard State Park4.74.8 mi
- The Dinosaur Place4.410.5 mi
- Nature's Art Village4.510.6 mi
- Gillette Castle State Park4.79.5 mi
- Essex Steam Train & Riverboat4.713.9 mi
- Dinosaur State Park4.517.2 mi
- Kidcity Children's Museum4.815.4 mi
- Nature's Art Village4.510.6 mi
- Gillette Castle State Park4.79.5 mi
- Devil's Hopyard State Park4.74.8 mi
- The Dinosaur Place4.410.5 mi
- Machimoodus State Park4.77.3 mi
- Cockaponset State Forest4.610.5 mi
- Petzold's Marine Center4.714.3 mi
- Black Hall Marina4.717.9 mi
- Three Belles Marina4.716.8 mi
- Safe Harbor Essex Island4.613.5 mi
- Black Hall Outfitters4.919.8 mi
- Blackledge Country Club4.510.1 mi
- Quarry Ridge Golf Course4.312.7 mi
- Fox Hopyard Golf Club4.47.4 mi
- Portland Golf Course4.512.8 mi
- Chanticlair Golf Course3.92.7 mi
- Nature's Art Village4.510.6 mi
- Big Y4.47.8 mi
- Big Y4.312.3 mi
- D'eliana Market, Deli & Catering4.98.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional trail system offering extensive hiking and biking opportunities.
The historic center of town hosting community events and local gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.