The story of this market
The typical home in ZIP 06786 sells for about $129,900, or $133 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,920 a month.
ZIP 06786 — Terryville
The housing market in 06786 remains stable with limited inventory and modest price growth. Demand is driven by local buyers seeking affordability, though the low volume of sales keeps the market quiet. Most listings are priced competitively, reflecting the area's status as a residential commuter base.
This ZIP code is well-suited for budget-conscious family buyers and commuters seeking a more affordable entry point into the Litchfield County housing market.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 5.2% — 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 1.4%/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 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 06786, Litchfield County CT
Crime rates in the area are generally low and consistent with regional trends for Litchfield County, with property crime being the primary concern.
Schools serving the area are part of the Plymouth Public Schools district, which generally maintains stable performance ratings.
The area is subject to standard New England weather risks, including winter storms and occasional flooding in low-lying areas near the Pequabuck River.
Economic momentum is driven by local manufacturing and proximity to larger employment hubs in Waterbury and Bristol, with limited new large-scale development.
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 Route 6 and Route 72 for access to employment centers in Bristol, Waterbury, and the greater Hartford area.
Residents have access to local parks, hiking trails, and the nearby Naugatuck State Forest, with basic shopping and dining available in the town center.
The rental market is characterized by limited inventory and steady demand, with a mix of single-family homes and small multi-family units.
The local economy is supported by small-scale manufacturing, retail, and service industries, with many residents commuting to larger nearby cities.
Public transit is limited; most residents rely on personal vehicles for daily commuting and regional travel.
Development is largely restricted to infill projects and minor residential expansions due to zoning and topography.
The town assessor conducts periodic revaluations to ensure property assessments align with current market values.
Parcels are subject to municipal taxes and the Plymouth Public Schools district levy.
Property insurance premiums are stable, though coverage for flood and wind damage is recommended for properties near water bodies.
Data retrieved from data.census.gov ZCTA profile.
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.
Provides scenic views and local fishing opportunities.
Historic central gathering space for community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.