U.S. ZIP Code · CT06340
New London County
Appreciation
- 1-year
- +4.3%
- 5-year / yr
- +7.3%
- 10-year / yr
- +6.5%
Relative price
- vs U.S.
- +32.4%
- vs metro
- —
- vs state
- -13.5%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 06340 is worth $376,139. Over the past year, values have risen 4.3%. Homes here rent for a typical $2,040 a month — a 6.5% gross rental yield. The effective property tax rate is 1.5%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for New London County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- —[4]
- Riverine flood
- —
- Coastal flood
- —
- Wildfire
- —
- Drought
- —
- Heat wave
- —
- Hurricane
- —
- Tornado
- —
- Earthquake
- —
- Winter weather
- —
#Who lives here
#Migration
Household moves in and out of New London County over a year, from IRS tax-return data.
- Net migration
- —[5]
- Moved in
- —
- Moved out
- —
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 7
- Elementary
- 3
- Middle
- 1
- High
- 3
Robert E. Fitch High School
High · Grades 9–12 · Groton School District
1,019 students
Groton Middle School
Middle · Grades 6–8 · Groton School District
898 students
Ella T. Grasso Technical High School
High · Grades 9–12 · Connecticut Technical Education and Career System
674 students
Thames River Magnet School
Elementary · Grades PK–5 · Groton School District
531 students
Catherine Kolnaski Magnet School
Elementary · Grades K–5 · Groton School District
369 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
Renting is meaningfully cheaper month-to-month.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 06340?
- The typical home in 06340 is worth $376,139, based on the Zillow Home Value Index.
- Are home values rising in 06340?
- Home values in 06340 are up 4.3% over the past year, and up 7.3% a year over five years.
- What is the typical rent in 06340?
- A typical home in 06340 rents for about $2,040 a month, a gross rental yield of 6.5%.
- What is the property tax rate in 06340?
- The effective property tax rate in 06340 is 1.5% — roughly $5,674 a year on a typical home.
- Who lives in 06340?
- ZIP code 06340 has a population of 29,863 and a median household income of $81,792.
Compare ZIPs
Pit ZIP 06340 against any other ZIP — full side-by-side table.
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