HousingHandbookReference data

U.S. ZIP Code · CT06351

New London County

Typical home value

$359,219[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.2%
5-year / yr
+6.9%
10-year / yr
+6.8%

Relative price

vs U.S.
+26.5%
vs metro
vs state
-17.4%
ZIP 06351 location in CT
Location of ZIP 06351 in CT

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 06351 is worth $359,219. Over the past year, values have risen 3.2%. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.5%[3]
Typical annual tax
$5,424[3]

#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

Population
15,760[3]
Median household income
$82,976[3]

#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
5
Elementary
2
Middle
1
High
2
  • Griswold Elementary School

    Elementary · Grades PK–4 · Griswold School District

    665 students

  • Griswold High School

    High · Grades 9–12 · Griswold School District

    578 students

  • Griswold Middle School

    Middle · Grades 5–8 · Griswold School District

    506 students

  • Lisbon Central School

    Elementary · Grades PK–8 · Lisbon School District

    434 students

  • Griswold Soule Street Academy

    High · Grades 7–12 · Griswold School District

    11 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 yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,816
Loan principal$287,375
Down payment$71,844
Total interest paid$366,531

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.

Own : rent ratio
Monthly cost to own$2,568
Monthly rent

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.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 06351?
The typical home in 06351 is worth $359,219, based on the Zillow Home Value Index.
Are home values rising in 06351?
Home values in 06351 are up 3.2% over the past year, and up 6.9% a year over five years.
What is the property tax rate in 06351?
The effective property tax rate in 06351 is 1.5% — roughly $5,424 a year on a typical home.
Who lives in 06351?
ZIP code 06351 has a population of 15,760 and a median household income of $82,976.

Compare ZIPs

Pit ZIP 06351 against any other ZIP — full side-by-side table.

Compare 06351

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