ZIP Code 06405

In ZIP code 06405, near New Haven, homes carry a median value of $401,200 while households bring in a median of $105,225 — a ratio that keeps mortgage and tax pressure within reach for many buyers. With Connecticut property taxes among the nation's highest, the effective rate on that assessed value can run near 2%, translating to roughly $8,000 annually, or about 7.6% of median household income. Per-capita income sits at $71,025. Add a 6.35% combined sales tax on purchases, and the overall cost of living reflects both the area's strong earnings and its steep ownership expenses.