The story of this market
The typical home in ZIP 06853 sells for about $753,000, or $429 per square foot.
Prices are up +15.8% from a year ago, so sellers still have some momentum. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,073 a month.
This ZIP has no home sales of its own, so its market figures come from Norwalk, Connecticut (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 06853 — Norwalk
The 06853 housing market remains a high-value, low-inventory enclave characterized by significant year-over-year price appreciation. Demand remains robust among affluent buyers, though the limited supply and high entry price point continue to constrain transaction volume.
This ZIP is best suited for affluent families and high-earning professionals who prioritize coastal living, top-tier school access, and a quiet, exclusive community atmosphere within commuting distance of major financial hubs.
Median prices moved up 15.8% year over year.
Homes spend a median of 29 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 4.8% · poverty 1.7% — 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 12.0%/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 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06853, 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.
The area experiences very low crime rates compared to the broader Bridgeport-Stamford-Danbury metropolitan region, with safety being a primary characteristic of this coastal community.
Schools serving this ZIP are highly rated, consistently ranking among the top-performing districts in Connecticut with strong academic outcomes and college readiness metrics.
The ZIP is located in a coastal zone with exposure to storm surge and wind risks, necessitating flood insurance for many properties and influencing local insurance premiums.
Economic momentum is driven by its proximity to major corporate hubs in Stamford and Greenwich, with high-end residential development and infrastructure maintenance being the primary focus.
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 I-95 or the Metro-North Railroad New Haven Line, with average travel times exceeding 40 minutes due to regional traffic congestion toward employment centers.
The area features extensive waterfront access, including private and public beach clubs, marinas, and proximity to the Rowayton village center for boutique shopping and dining.
The rental market is extremely tight with very low vacancy rates, primarily serving high-income professionals and families seeking temporary housing in a premium coastal enclave.
The local economy is anchored by high-net-worth residents and proximity to the financial services and corporate headquarters located in the broader Fairfield County region.
The area is served by the Rowayton Metro-North station, providing direct rail access to Grand Central Terminal, and is bisected by major regional highway corridors.
Development is strictly regulated by local zoning to preserve the historic character of the Rowayton area, with limited new construction focused on luxury single-family homes.
The Norwalk Tax Assessor manages property valuations, with revaluations occurring periodically to reflect market shifts in this high-value coastal ZIP.
Parcels are served by the Norwalk Public Schools district and local municipal utility services, with no special MUD or PID districts.
Property insurance premiums are elevated due to coastal flood risk and the high replacement cost of luxury residential assets in the area.
null
null
null
Data retrieved from Census Reporter and ACS 2024 profiles for ZCTA 06853.
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.
Historic coastal village center with local boutiques and restaurants.
Waterfront park hosting community events and summer concerts.
Private beach facility for residents of the Rowayton area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median price ($3,800,000) sat outside the 0.25–4× band around Fairfield County's retained level and was not stored. Coherence hold-out: this pass's median rent ($15,000) sat outside the 0.25–4× band around Fairfield County's retained level and was not stored.