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Sarah Mitchell
Compass Real Estate · ZIP 06460
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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06460 ZIP Code Housing Market
$537,500median sale price
What is the 06460 housing market like right now?
The median home sale price in ZIP code 06460 is $537,500, up 1.8% year-over-year. Homes sell in an average of 47 days with 116 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 06460 ZIP code a buyer's or seller's market?
ZIP code 06460 is currently a balanced market and homes selling in about 47 days. How we determine this →
What are the latest 06460 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $537,500 |
| Median list price | $589,900 |
| Year-over-year price change | +1.8% |
| Average days on market | 47 days |
| Active inventory | 116 listings |
| Sale-to-list price ratio | 101.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 06460 zip code, located in Milford, CT, is currently classified as a balanced market. The median sale price stands at $537,500, representing a +1.8% change year over year. Homes in this area spend an average of 47 days on the market before going under contract. There are currently 116 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 06460 sits in the Milford, CT area, roughly 0.5 miles from downtown Milford. Because home prices are set street by street, this ZIP can move differently from Milford's citywide averages. The figures below reflect 06460 specifically — drawn from Redfin transactions, U.S. Census data for its 37,649 residents, and Zillow value estimates.
Homes sold
99
Last 12 weeks
Days on market
47
Average pace
Active listings
116
Sale-to-list
101.2%
Above asking
What is driving the 06460 housing market?
The 06460 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 101.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 06460 have increased +1.8% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 06460 stands at $520,680, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,565 per month. This gives a price-to-rent ratio of approximately 16.9, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 06460?
Population
37,649
Median income
$104,360/yr
Median age
47.8 years
Owner-occupied
71.2%
College grads
49.2%
Avg commute
26.1 min
What is it like living in 06460?
Zip code 06460 is home to approximately 37,649 residents. The median household income is $104,360 per year, which shapes the types of homes and amenities available in the area. With a median age of 47.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 71.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 49.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 26.1 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 06460.
Which public schools serve ZIP 06460?
13 schools tracked · 5,203 students
The largest public schools serving ZIP code 06460 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Jonathan Law High School
Grades 9-12 · 829 students
Joseph A. Foran High School
Grades 9-12 · 729 students
West Shore Middle School
Grades 6-8 · 419 students
Orange Avenue School
Grades PK-5 · 414 students
Harborside Middle School
Grades 6-8 · 396 students
East Shore Middle School
Grades 6-8 · 366 students
Orchard Hills School
Grades PK-5 · 361 students
Mathewson School
Grades K-5 · 323 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 06460
What is the median home price in 06460?
The current median sale price in 06460 is $537,500, based on recent Redfin transaction data. Prices have changed +1.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 06460 a buyer's or seller's market?
The 06460 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 06460?
Zip code 06460 has a population of approximately 37,649 residents. The median household income is $104,360 per year. About 71.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 06460?
Properties Incorporated provides comprehensive data for 06460 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 06460 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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