The story of this market
The typical home in ZIP 06468 sells for about $649,500, or $312 per square foot.
Prices are up +40.43% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $994 a month.
ZIP 06468 — Monroe
The housing market in 06468 remains highly competitive, characterized by low inventory and strong demand from family buyers. Prices have seen significant year-over-year appreciation, reflecting the area's desirability and limited supply. The market is currently favoring sellers, with homes moving faster than in previous periods.
This ZIP is ideal for families seeking a quiet, suburban environment with high-quality schools and professionals commuting to major regional employment hubs.
Median prices moved up 40.4% year over year.
Homes spend a median of 47 days on market with 3.2 months of supply — a fast-moving market.
13% 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 4.9% · poverty 2.6% — 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 2.9%/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 06468, Fairfield 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.
Monroe maintains a low crime rate compared to regional averages in Fairfield County, with property and violent crime incidents reported at levels significantly below national benchmarks.
The Monroe Public Schools district is highly regarded, consistently ranking among the top-performing districts in Connecticut with strong academic outcomes and high graduation rates.
The area faces moderate risks related to severe winter weather and occasional heavy rainfall, though it is not located in a high-risk coastal flood zone.
Economic momentum is driven by its proximity to major corporate hubs in Fairfield County and the broader Bridgeport metro area, with steady residential development and limited commercial expansion.
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 typically face a commute of approximately 33 minutes, relying on personal vehicles to access employment centers in Bridgeport, Stamford, and New Haven via state routes.
The area features extensive outdoor amenities including Lanes Mine Nature Park, Wolfe Park, and numerous hiking trails, alongside local shopping centers and dining options in the town center.
The rental market is characterized by low vacancy pressure and high demand, with limited inventory driving rents upward in recent periods.
The local economy is anchored by professional services, healthcare, and education, with many residents commuting to larger corporate employers in the Bridgeport and Stamford metro areas.
Transportation is primarily highway-dependent, with access to the Merritt Parkway and Route 25 serving as the main corridors for regional travel.
Development is strictly managed through local zoning to preserve the town's suburban character, with limited large-scale projects currently in the pipeline.
The Fairfield County assessment regime relies on periodic revaluations to ensure property tax equity across the jurisdiction.
Parcels are subject to Monroe Public Schools district taxes and standard municipal utility assessments.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in the Northeast.
Connecticut has experienced modest net domestic migration shifts, with suburban areas like Monroe remaining attractive to families relocating from denser urban centers.
Connecticut operates as a judicial foreclosure state, requiring court intervention for all foreclosure proceedings.
Sellers are required to provide a comprehensive residential property condition disclosure report to buyers prior to closing.
Data retrieved from data.census.gov ZCTA 06468 profile.
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 large nature preserve offering extensive hiking trails and wildlife viewing.
The town's primary recreational hub featuring sports fields, a swimming pool, and picnic areas.
A popular local destination for swimming, fishing, and seasonal recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.