HousingHandbookReference data

U.S. ZIP Code · CT06405

New Haven County

Typical home value

$461,754[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.4%
5-year / yr
+7.9%
10-year / yr
+6.4%

Relative price

vs U.S.
+62.6%
vs metro
vs state
+6.2%
ZIP 06405 location in CT
Location of ZIP 06405 in CT

Price history

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

The typical home in 06405 is worth $461,754. Over the past year, values have risen 6.4%. Homes here rent for a typical $2,367 a month — a 6.2% 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.

Monthly rent
$2,367[2]
Gross yield
6.2%[2]
Cap rate
3.7%[2]

#Property tax

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

Effective tax rate
1.5%[3]
Typical annual tax
$6,920[3]

#Climate risk

FEMA National Risk Index ratings for New Haven 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
28,217[3]
Median household income
$105,225[3]

#Migration

Household moves in and out of New Haven 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
3
Middle
1
High
1
  • Francis Walsh Intermediate School

    Middle · Grades 5–8 · Branford School District

    795 students

  • Branford High School

    High · Grades 9–12 · Branford School District

    784 students

  • Mary T. Murphy School

    Elementary · Grades PK–4 · Branford School District

    349 students

  • Mary R. Tisko School

    Elementary · Grades PK–4 · Branford School District

    345 students

  • John B. Sliney School

    Elementary · Grades PK–4 · Branford School District

    257 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 yield6.2%
Net yield (after ~40% expenses)3.7%
Annual rent$28,407

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$2,335
Loan principal$369,403
Down payment$92,351
Total interest paid$471,154

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 ratio1.39
Monthly cost to own$3,297
Monthly rent$2,367

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.

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

Frequently asked

How much is a home worth in ZIP code 06405?
The typical home in 06405 is worth $461,754, based on the Zillow Home Value Index.
Are home values rising in 06405?
Home values in 06405 are up 6.4% over the past year, and up 7.9% a year over five years.
What is the typical rent in 06405?
A typical home in 06405 rents for about $2,367 a month, a gross rental yield of 6.2%.
What is the property tax rate in 06405?
The effective property tax rate in 06405 is 1.5% — roughly $6,920 a year on a typical home.
Who lives in 06405?
ZIP code 06405 has a population of 28,217 and a median household income of $105,225.

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