The story of this market
The typical home in ZIP 06779 sells for about $365,000, or $245 per square foot.
Prices are up +5.8% 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 $1,700 a month.
ZIP 06779 — Oakville
The 06779 housing market shows steady appreciation with a median price of $365,000, reflecting a 5.8% year-over-year increase. Demand remains robust as homes sell near the asking price, though inventory remains tight. The market is currently characterized as a seller's market due to limited supply.
This ZIP is well-suited for family buyers and commuters seeking a suburban environment with access to regional employment hubs and a established residential community.
Median prices moved up 5.8% year over year.
Homes spend a median of 32 days on market with 2.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 102% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 6.2% — 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 5.3%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 06779, Litchfield County, CT
The area is served by the Watertown Public Schools district, which generally maintains a stable reputation within the Litchfield County region.
The area is subject to standard New England climate risks, including winter storms and occasional heavy rainfall; property insurance remains available but premiums are sensitive to regional hazard trends.
Economic momentum is driven by proximity to the Waterbury employment hub and local manufacturing and service sectors in Watertown and Oakville.
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 CT-8 and local arterial roads toward Waterbury and other employment centers in the Naugatuck Valley.
The area features access to local parks, community sports fields, and proximity to the Naugatuck River greenway for outdoor recreation.
The rental market is characterized by a mix of single-family homes and multi-family units, with moderate vacancy pressure and steady demand from local workers.
The local economy is anchored by manufacturing, healthcare, and retail services, with significant employment spillover from the nearby city of Waterbury.
Transportation is primarily automobile-dependent, with access to CT-8 providing the main corridor for regional transit.
Development is focused on infill residential projects and small-scale commercial improvements within the Oakville and Watertown centers.
The Litchfield County assessment regime relies on periodic town-level revaluations to determine property tax bases.
Parcels are subject to Watertown town taxes and regional school district levies.
Property insurance markets are stable, though premiums reflect regional exposure to severe weather events.
Data retrieved from US Census Bureau ZCTA 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. Source: NCES EDGE public school locations 2023-24.
Local private golf facility serving the community.
Public park providing recreational space and sports facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.