The story of this market
The typical home in ZIP 06824 sells for about $1,182,500, or $510 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $2,264 a month.
ZIP 06824 — Fairfield
The 06824 housing market remains highly competitive with low inventory and strong demand for single-family homes. While median list prices have seen some volatility, the market is supported by high household incomes and the area's reputation for excellent schools and coastal amenities.
This ZIP is ideal for affluent families seeking top-tier schools, commuters requiring rail access to NYC, and downsizers looking for established coastal community amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 45 days on market with 1.4 months of supply — a fast-moving market.
0% 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 7.1% · poverty 4.7% — 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 7.0%/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 4.1%/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 06824, 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.
Fairfield generally maintains low crime rates compared to the broader Bridgeport metropolitan area, with property crime being the primary concern.
The area is served by the highly-rated Fairfield Public Schools, which are consistently recognized for academic excellence and strong college readiness metrics.
The ZIP code faces moderate coastal flood risks in southern sections near the Long Island Sound, with insurance premiums reflecting these environmental exposures.
Economic momentum is driven by proximity to major financial and corporate hubs in Fairfield County and New York City, with steady demand for high-end residential 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 benefit from direct Metro-North rail access to New York City and proximity to I-95, facilitating efficient commutes to regional employment centers.
The area features extensive coastal access at Jennings and Penfield beaches, numerous town parks, and proximity to several private and public golf courses.
The rental market is characterized by high demand and limited inventory, with a significant presence of single-family home rentals and high-end apartment complexes.
The economy is anchored by professional services, healthcare, and education, with significant employment ties to the broader Fairfield County financial sector.
The area is served by the Metro-North New Haven Line and major highway corridors including I-95 and the Merritt Parkway.
Development is focused on transit-oriented residential projects and the revitalization of commercial corridors near the town center.
Parcels are subject to town-wide school and municipal tax districts, with no significant MUD/PID structures.
Property insurance costs are influenced by coastal hazard zones and regional climate risk factors.
Data retrieved from data.census.gov 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.
Popular coastal destination with extensive shoreline and recreational facilities.
Major local institution providing cultural and athletic events.
Historic district with a high concentration of boutique retail and restaurants.
Deterministic aggregate of 2 researched properties in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.