The story of this market
The typical home in ZIP 06878 sells for about $772,820, or $375 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $2,850 a month.
This ZIP has no home sales of its own, so its market figures come from Fairfield County, Connecticut (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 06878 — Greenwich
The 06878 housing market is characterized by extremely high demand and limited inventory, resulting in significant year-over-year price appreciation. Properties are selling rapidly at or above asking price, driven by the area's prestige, school quality, and proximity to New York City. The market remains highly competitive for luxury buyers.
This ZIP is ideal for affluent families and professionals seeking high-quality schools, waterfront amenities, and a suburban lifestyle with convenient access to major employment hubs in Fairfield County and NYC.
Median prices moved up 3.0% year over year.
Homes spend a median of 32 days on market with 2.2 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 104.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.7% · poverty 3.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06878, Riverside 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.
Riverside is a section of Greenwich, which generally reports low crime rates consistent with affluent Fairfield County communities.
The area is served by the Greenwich Public Schools system, which is highly regarded and consistently ranks among the top districts in Connecticut.
The area is located along the Long Island Sound, presenting risks related to coastal flooding and storm surges that require appropriate flood insurance coverage.
Development is characterized by high-end residential infill and luxury estate renovations, with proximity to major corporate headquarters in Greenwich and Stamford driving economic stability.
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 access to the Metro-North Railroad New Haven Line, providing a commute to Grand Central Terminal in approximately one hour.
The area features extensive waterfront access, including Tod's Point (Greenwich Point Park), local yacht clubs, and proximity to high-end shopping and dining in downtown Greenwich.
The rental market is characterized by high demand and limited inventory, with premium pricing driven by the area's school quality and proximity to New York City.
The local economy is anchored by the financial services, hedge fund, and corporate headquarters sectors concentrated in Greenwich and the broader Stamford-Bridgeport corridor.
The area is served by the Riverside Metro-North station and is located near the I-95 corridor, facilitating regional travel.
Development is primarily focused on luxury residential redevelopment and small-scale commercial improvements within the existing town framework.
The Town of Greenwich Assessor's Office manages property valuations, with revaluations occurring periodically to reflect market changes.
Parcels are subject to Greenwich municipal taxes and the Western Connecticut Planning Region oversight.
Property insurance premiums are influenced by coastal hazard exposure, necessitating comprehensive coverage for wind and flood risks.
Data retrieved from data.census.gov ZCTA 06878 profiles.
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 premier waterfront park offering beaches, trails, and sailing facilities.
Deterministic aggregate of 1 researched property 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.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%). Coherence hold-out: this pass's median price ($3,895,000) sat outside the 0.25–4× band around Fairfield County's retained level and was not stored. Validation: the flagged $3,800,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center. Validation: the flagged $3,895,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center. Validation: the flagged $3,895,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.