HousingHandbookReference data

U.S. ZIP Code · CT06840

Fairfield County

Typical home value

$2,139,612[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+10.7%
5-year / yr
+10.0%
10-year / yr
+4.4%

Relative price

vs U.S.
+653.2%
vs metro
vs state
+392.2%
ZIP 06840 location in CT
Location of ZIP 06840 in CT

Price history

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

The typical home in 06840 is worth $2,139,612. Over the past year, values have risen 10.7%. The effective property tax rate is 1.0%.

#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
1.0%[3]
Typical annual tax
$22,273[3]

#Climate risk

FEMA National Risk Index ratings for Fairfield 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
20,870[3]
Median household income
$250,001[3]

#Migration

Household moves in and out of Fairfield 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
  • Saxe Middle School

    Middle · Grades 5–8 · New Canaan School District

    1,261 students

  • New Canaan High School

    High · Grades 8–12 · New Canaan School District

    1,257 students

  • East School

    Elementary · Grades K–4 · New Canaan School District

    570 students

  • South School

    Elementary · Grades K–4 · New Canaan School District

    507 students

  • West School

    Elementary · Grades PK–4 · New Canaan School District

    499 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$10,819
Loan principal$1,711,690
Down payment$427,922
Total interest paid$2,183,166

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$14,456
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]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 06840?
The typical home in 06840 is worth $2,139,612, based on the Zillow Home Value Index.
Are home values rising in 06840?
Home values in 06840 are up 10.7% over the past year, and up 10.0% a year over five years.
What is the property tax rate in 06840?
The effective property tax rate in 06840 is 1.0% — roughly $22,273 a year on a typical home.
Who lives in 06840?
ZIP code 06840 has a population of 20,870 and a median household income of $250,001.

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