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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 2nd 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 77th most expensive zip code in the U.S.

Connecticut’s 2nd priciest zip code – 06830 – also made it to our top 100, placing 78th 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 9th most expensive zip, as the 16th most affluent neighborhood in the U.S.

New Canaan’s 06840 was Connecticut’s 3rd 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 codeLocationMedian
106870Greenwich$1,375,000
206830Greenwich$1,363,500
306840New Canaan$1,310,000
406820Darien$1,250,000
506853Norwalk$1,162,500
606878Greenwich$1,152,500
706880Westport$1,132,500
806807Greenwich$975,000
906831Greenwich$882,000
1006883Weston$760,000
1106897Wilton$719,500
1206903Stamford$680,500
1306890Fairfield$650,000
1406824Fairfield$613,750
1506877Ridgefield$590,000
1606612Easton$578,000
1706777Warren$557,500
1806896Redding$515,000
1906793Washington$510,000
2006783Roxbury$470,000
2106794Washington Depot$450,000
2206905Stamford$450,000
2306907Stamford$425,500
2406785Kent$420,000
2506855Norwalk$411,000
2606825Fairfield$399,000
2706443Madison$385,000
2906851Norwalk$385,000
2906470Newtown$380,000
3006093Lakeville$370,000
3106475Old Saybrook$363,000
3206525Woodbridge$360,000
3306784Sherman$360,000
3406092Simsbury$359,900
3506906Stamford$359,000
3606378Stonington$355,833
3706902Stamford$352,500
3806073Glastonbury$351,525
3906611Trumbull$351,000
4006850Norwalk$350,000
4106107West Hartford$349,000
4206068Salisbury$345,000
4306482Newtown$345,000
4406437Guilford$343,000
4506001Avon$339,900
4606371Old Lyme$337,799
4706468Monroe$337,500
4806477Orange$335,000
4906478Oxford$335,000
5006854Norwalk$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.

 

Eliza Theiss

Eliza Theiss

Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. Eliza also writes for CommercialEdge. Reach her at [email protected]

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