Most Expensive Zip Codes in Connecticut in 2016

Quick facts:

Greenwich’s 06870 is the #1 most expensive in Connecticut and #77 nationwide;
Stamford’s 06902 had the highest sales activity – 542 transactions;
The 2 biggest deals of the year were located in 06830 – Connecticut’s 2^nd most expensive zip

Connecticut’s residential market had a modest year in 2016, with the uptick in sales volume in most markets marred by weakened price trends. Overall inventory sale prices dropped 5.44 percent for single family homes and 3.13 percent for condominiums, according to Berkshire Hathaway HomeServices.

On the upper end of the housing spectrum, prices have been dropping in Connecticut. The luxury residential market remained soft, a trend many expect to continue into 2017, due to abundant inventory outpacing demand. Fairfield County, the state’s priciest area in regards to housing, saw a 15.3 percent price drop across the luxury segment in the latter part of 2016.

But even with a lukewarm housing market, Connecticut is still one of the most affluent states in the country. 7 zip codes in the state registered median sale prices over the $1,000,000 benchmark, with a further 10 going over the $500,000 mark. Unsurprisingly, Connecticut’s Gold Coast dominates our top 50 most expensive zip codes, grabbing the top 17 spots.

The #1 priciest zip code in Connecticut was Greenwich’s 06870, with a median sale price of $1,375,000. 06870 – Old Greenwich – is known for high-priced homes, quaint shops and beautiful beaches. The historic Old Greenwich Railroad Station is serviced by the Metro-North train, which takes about an hour to New York’s Grand Central Terminal. 06870 is also the 77^th most expensive zip code in the U.S.

Connecticut’s 2^nd priciest zip code – 06830 – also made it to our top 100, placing 78^th nationwide. The median sales price here is $1,363,500. 06830 was also the setting for 3 of the 5 largest residential transactions in Connecticut in 2016, with a combined value of $41 million. Named the richest neighborhood in America in 2014, the Golden Triangle is known for imposing estates, generous open spaces and winding country roads. The same article named 06831, Connecticut’s 9^th most expensive zip, as the 16^th most affluent neighborhood in the U.S.

New Canaan’s 06840 was Connecticut’s 3^rd most expensive zip in 2016 with a median sale price of $1,310,000. The affluent community is about 70 minutes by train from Grand Central Station and is home to many of the most influential banks and wealth management companies, as well as multiple hedge funds. New Canaan is also known for the Harvard Five and its central part in the modern design movement.

Fairfield County was the setting for the five largest residential transactions to close in Connecticut in 2016 – totaling $66.1 million. The state’s second most expensive zip, 06830, nabbed three of the five biggest deals, including the top two. This includes the $16,250,000 sale of the two-story, 18,142-square-foot 107 Indian Head Road, Greenwich Connecticut’s most expensive home to sell last year, and the 6-bedroom 46 Byram Drive, Greenwich which sold for $14,000,000 back in February 2016.

Stamford’s 06902 was the zip code with the highest sales activity in our list, registering 542 transactions. Stamford, Norwalk, and Greenwich tied for the city with most zips in our list, with five zip codes each.

Check out the 50 most expensive zip codes in Connecticut below:

#	Zip code	Location	Median
1	06870	Greenwich	$1,375,000
2	06830	Greenwich	$1,363,500
3	06840	New Canaan	$1,310,000
4	06820	Darien	$1,250,000
5	06853	Norwalk	$1,162,500
6	06878	Greenwich	$1,152,500
7	06880	Westport	$1,132,500
8	06807	Greenwich	$975,000
9	06831	Greenwich	$882,000
10	06883	Weston	$760,000
11	06897	Wilton	$719,500
12	06903	Stamford	$680,500
13	06890	Fairfield	$650,000
14	06824	Fairfield	$613,750
15	06877	Ridgefield	$590,000
16	06612	Easton	$578,000
17	06777	Warren	$557,500
18	06896	Redding	$515,000
19	06793	Washington	$510,000
20	06783	Roxbury	$470,000
21	06794	Washington Depot	$450,000
22	06905	Stamford	$450,000
23	06907	Stamford	$425,500
24	06785	Kent	$420,000
25	06855	Norwalk	$411,000
26	06825	Fairfield	$399,000
27	06443	Madison	$385,000
29	06851	Norwalk	$385,000
29	06470	Newtown	$380,000
30	06093	Lakeville	$370,000
31	06475	Old Saybrook	$363,000
32	06525	Woodbridge	$360,000
33	06784	Sherman	$360,000
34	06092	Simsbury	$359,900
35	06906	Stamford	$359,000
36	06378	Stonington	$355,833
37	06902	Stamford	$352,500
38	06073	Glastonbury	$351,525
39	06611	Trumbull	$351,000
40	06850	Norwalk	$350,000
41	06107	West Hartford	$349,000
42	06068	Salisbury	$345,000
43	06482	Newtown	$345,000
44	06437	Guilford	$343,000
45	06001	Avon	$339,900
46	06371	Old Lyme	$337,799
47	06468	Monroe	$337,500
48	06477	Orange	$335,000
49	06478	Oxford	$335,000
50	06854	Norwalk	$330,500

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Methodology: In order to determine which were the most expensive ZIP codes in Connecticut, we looked at all residential transactions closed in 2016, taking into account condo, co-op, single- and the two-family homes. All package deals were excluded.