The story of this market
The typical home in ZIP 06831 sells for about $1,485,000, or $750 per square foot.
Prices are up +13.2% from a year ago, so sellers still have some momentum. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $3,501 a month.
ZIP 06831 — Greenwich
The Greenwich 06831 housing market remains robust, characterized by high median home values and strong demand for luxury properties. While inventory remains tight, the market has shown resilience with steady year-over-year price appreciation. Buyers continue to prioritize space and school quality, driving competitive activity in this affluent enclave.
This ZIP is ideal for affluent families and professionals seeking high-quality schools, suburban privacy, and convenient access to major employment hubs in the tri-state area.
Median prices moved up 13.2% year over year.
Homes spend a median of 54 days on market with 4.2 months of supply — a fast-moving market.
12% 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 4.2% · poverty 4.6% — 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 2.9%/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 2.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06831, 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.
Greenwich consistently reports low crime rates, ranking among the safest municipalities in Connecticut and the broader New York metropolitan region.
The area is served by the Greenwich Public Schools district, which is highly regarded for its academic performance and extensive extracurricular offerings.
The region faces moderate risks from coastal storm surges and high-wind events, with property insurance premiums reflecting these environmental exposures.
Economic momentum is driven by proximity to major financial services firms in Stamford and New York City, with ongoing high-end residential redevelopment.
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 via the Metro-North Railroad New Haven Line or by driving along I-95 and the Merritt Parkway toward Stamford and Manhattan.
The area features extensive access to the Mianus River Park, local golf clubs, and proximity to Long Island Sound waterfront amenities and shopping districts.
The rental market is characterized by high demand for luxury single-family homes and limited inventory, keeping vacancy rates low and rents on an upward trajectory.
The local economy is anchored by the financial services, hedge fund, and corporate headquarters sectors, benefiting from its strategic location between New York City and Stamford.
The area is served by the Metro-North Railroad and major highway corridors including I-95 and the Merritt Parkway, facilitating regional connectivity.
Development is focused on high-end residential infill and institutional upgrades, with strict zoning regulations maintaining the town's character.
Parcels are subject to town-wide property taxes and specific utility district assessments for water and sewer services.
Property insurance markets are stable but sensitive to coastal hazard risks, requiring comprehensive coverage for wind and flood events.
Data retrieved from data.census.gov ZCTA 06831 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.
- Playland Park4.38.3 mi
- Dave & Buster's Pelham Manor4.215.3 mi
- Sky Zone Trampoline Park4.113.2 mi
- K1 Speed West Nyack4.614.6 mi
- RPM Raceway4.87 mi
- New York Botanical Garden4.718.6 mi
- Chelsea Piers Connecticut4.28.7 mi
- Golden Corral Buffet & Grill4.719.2 mi
- Wave Hill Public Garden & Cultural Center4.817.8 mi
- The Capitol Theatre4.75.8 mi
- Playland Park4.38.3 mi
- Ridge Hill4.512.6 mi
- Governor Mario M. Cuomo Bridge4.411.4 mi
- The Capitol Theatre4.75.8 mi
- Grace Farms4.811.5 mi
- New York Botanical Garden4.718.6 mi
- Wave Hill Public Garden & Cultural Center4.817.8 mi
- Lyndhurst Mansion4.710.1 mi
- The Great Jack O’Lantern Blaze: Hudson Valley4.612.7 mi
- Stepping Stones Museum for Children4.313.7 mi
- Playland Park4.38.3 mi
- Grace Farms4.811.5 mi
- Rockefeller State Park Preserve4.88.5 mi
- Kensico Dam Plaza4.74.8 mi
- Stamford Museum & Nature Center4.67.4 mi
- Riverside Yacht Club4.76.2 mi
- Indian Harbor Yacht Club4.75.9 mi
- Ponus Yacht Club Inc4.47.8 mi
- Harbor Point Marinas4.57.6 mi
- Westchester Country Club4.76.2 mi
- Sterling Farms Golf Course4.67.8 mi
- Pound Ridge Golf Club3.98.6 mi
- Hudson Hills Golf Course4.210.8 mi
- Saxon Woods Golf Course4.18.6 mi
- The Westchester4.45.7 mi
- Ridge Hill4.512.6 mi
- Stew Leonard's4.612.4 mi
- Stamford Town Center4.27.6 mi
- Bloomingdale's4.25.9 mi
- LaGuardia Airport4.123.7 mi
- Westchester County Airport42 mi
- Teterboro Airport4.425.5 mi
- Republic Airport4.528.3 mi
- North Shore University Hospital Heliport4.621.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large forested park with hiking trails and river access.
Public 18-hole golf course serving the Greenwich community.
Primary upscale retail and dining district in downtown Greenwich.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.