The story of this market
The typical home in ZIP 06896 sells for about $1,087,500, or $350 per square foot.
Prices are up +13.42% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $2,101 a month.
ZIP 06896 — Redding
The Redding housing market remains tight with low inventory and high demand, driving median prices upward. While sales volume is modest, the market is supported by strong school ratings and a high quality of life, keeping it a seller-favored environment.
This ZIP is ideal for affluent families and professionals seeking a quiet, rural-suburban lifestyle with high-quality schools and significant privacy, while remaining within commuting distance of major regional employment centers.
Median prices moved up 13.4% year over year.
Homes spend a median of 52 days on market with 1.3 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 93.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.4% · poverty 4.0% — 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 5.9%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06896, 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.
Redding is consistently ranked as one of the safest towns in Connecticut, with crime rates significantly lower than both the state and national averages.
The town is served by the highly-rated Redding Public Schools and the regional Joel Barlow High School, which are recognized for strong academic performance and high graduation rates.
The area faces moderate risks from severe winter storms and occasional flooding in low-lying areas, with property insurance premiums reflecting regional exposure to wind and storm damage.
Economic momentum is driven by its proximity to major corporate hubs in Fairfield County and Westchester, though the town maintains a largely residential, low-density character with limited commercial expansion.
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.
Commuters primarily rely on personal vehicles to access nearby Metro-North train stations in Redding or neighboring towns for transit into the New York City employment core.
The area features extensive open space, including Topstone Park and numerous hiking trails, alongside proximity to regional golf courses and boutique shopping in neighboring towns.
The rental market is characterized by low inventory and high demand, with limited multi-family housing options and a prevalence of single-family home rentals.
The local economy is primarily residential, with residents largely employed in professional services, finance, and healthcare sectors in the broader Fairfield County and New York City metropolitan area.
Transportation is heavily dependent on private vehicles, with access to the Danbury Branch of the Metro-North Railroad providing rail connectivity to the regional transit network.
Development is strictly managed through local zoning to preserve the town's rural character, with limited new construction focused on single-family residential projects.
Parcels are subject to town-level property taxes and regional school district assessments, with no significant MUD or PID structures.
Property insurance markets are stable but sensitive to regional weather patterns, with premiums influenced by proximity to wooded areas and flood zones.
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.
Features a swimming pond, hiking trails, and extensive wooded acreage.
Known as Connecticut's Valley Forge, offering historical sites and walking paths.
Serves as a community hub for local youth and high school sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.