The story of this market
The typical home in ZIP 06784 sells for about $727,000, or $285 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $2,276 a month.
ZIP 06784 — Sherman
The Sherman housing market remains stable, characterized by high home values and low inventory, driven by demand for high-quality residential space. While price growth has moderated, the area continues to attract affluent buyers, though the high vacancy rate reflects the town's significant second-home market.
This ZIP is best suited for affluent families and professionals seeking a quiet, rural-suburban lifestyle with high-quality schools and lake access, rather than investors seeking immediate cash flow.
Median prices moved up 2.4% year over year.
Homes spend a median of 57 days on market with 4.6 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 2.2% — 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 6.4%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06784, 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.
Sherman is characterized by very low crime rates, consistently ranking well below both state and national averages for violent and property crime.
Public schools serving the area are generally highly rated, with the local district emphasizing strong academic performance and small class sizes.
The area faces moderate risks related to seasonal weather, including potential for wind damage and localized flooding near Candlewood Lake, with insurance premiums reflecting regional hazard exposure.
Economic momentum is driven by its status as a desirable residential enclave for professionals commuting to the broader Bridgeport-Stamford-Danbury metro area, with limited large-scale commercial development.
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 rely on personal vehicles for commuting, with typical travel times to major employment hubs in Danbury or Stamford ranging from 30 to 60 minutes.
The area is defined by extensive access to Candlewood Lake for boating and fishing, alongside numerous hiking trails, local parks, and proximity to regional shopping centers in nearby Danbury.
The rental market is characterized by low inventory and high vacancy rates due to a significant portion of seasonal or second-home ownership, with limited multi-family supply.
The local economy is primarily residential, with residents largely employed in the professional, scientific, and management sectors within the broader Fairfield County and New York City commuting shed.
Development is strictly managed through local zoning to preserve the rural character of the town, with minimal large-scale commercial or high-density residential projects in the pipeline.
Parcels are subject to municipal property taxes and regional school district levies, with no significant MUD or PID structures common in this jurisdiction.
Property insurance costs are influenced by regional wildfire and storm risk assessments, with premiums generally stable but reflective of the high-value nature of the housing stock.
Data retrieved from Census Reporter and GreatData.com profiles for ZCTA 06784.
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.
The largest lake in Connecticut, providing extensive recreational boating, fishing, and swimming opportunities.
Features beach access, picnic areas, and community event spaces.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.