Here’s a report card you should be paying attention to. And you may want to think twice about living in a place that was graded with a D. Niche has come out with its new 2019 rankings of the “Best Places to Live” in Connecticut, but for at least the third year in row, it took a bit of a unique approach: The consumer rankings service assigned a grade, on an A+-to-D scale, to almost every town in the state.
The most expensive ZIP codes in the country are in California and New York, according to America’s most expensive ZIP codes rankings by PropertyShark. To find the priciest enclaves, PropertyShark analyzed all real estate transactions—condominiums, single- and two-family homes, as well as coops—that were completed in 2018, excluding package deals.
Not surprisingly, New York City and San Francisco were the two cities with the most ZIP codes in the ranking. Just across the Long Island Sound, Connecticut had its share of pricey neighborhoods, with four ZIP codes making the top 100 list—the most expensive being Riverside (06878). The city snagged the 49th spot. Connecticut’s Old Greenwich (06870), Greenwich (06830), and Cos Cob (06807) also made the site’s top 100.
- Four Connecticut cities ranked among the top 100 list of most expensive ZIP codes in the country.
- Riverside was the highest in the 49th spot with a median home price of $1.855 million.
- Old Greenwich, Greenwich’s 06830, and Cos Cob also made the top 100.
- Other most expensive ZIP codes in Connecticut are Darien, New Canaan, and Norwalk.
- Westport, Greenwich’s 06831, and Southport rounded out the top 10 most expensive ZIP codes in Connecticut.
What $1.855 Million Buys You in Riverside
The median home price in Greenwich is $1.855 million, which could be considered a relative bargain for the area. At that price, buyers can expect homes of about 4,000 square feet, with four bedrooms and six baths, fireplaces, gourmet kitchens, French doors, pools and plenty of outdoor space with great landscaping—all on about one acre of land.
The most expensive home on the market in Riverside is a 0.88-acre home priced at $3.595 million, complete with five bedrooms and six baths, and almost 5,300 square feet of living space.
Connecticut’s Priciest ZIP Codes
In addition to Riverside, the state is well represented on the list of America’s most expensive ZIP codes list for 2018. Here are Connecticut’s 10 most-expensive ZIP code areas—from highest to lowest—along with the towns in which you will find them, the median home price and the median household income from the Environmental Systems Research Institute (ESRI), which develops GIS and mapping software for organizations in commercial, government, natural resources, and utilities industries.
1. 06878: Riverside
- Median Home Price: $1.855 million
- Median Household Income: $184,135
2. 06870: Old Greenwich
Old Greenwich is considered to be one of the nation’s richest communities, with a rather small population of about 6,700. The median home price in this town was $1.665 million, and the median household income was reported at$200,001.
3. 06830: Greenwich
Fairfield County’s Greenwich ranked third on the list, with a median home price of $1.617 million. According to the latest data, the town had about 62,000 residents. Greenwich is home to many hedge funds and financial services companies. The average household income in this city was $116,297.
4. 06807: Cos Cob
Cos Cob is 97th on the list of 100 ZIP codes evaluated by PropertyShark. Its median home value was reported to be $1.33 million, with the median household income coming in at $155,402.
Old Greenwich, Darien, and New Canaan reported the highest median household income of $200,001.
5. 06820: Darien
Not far from New York City, Darien is the smallest town on Connecticut’s Gold Coast. The town reported a media home price of $1.269 million, with a median household income of $200,001.
6. 06840: New Canaan
Roughly 20,000 people call New Canaan home, and is roughly an hour-long train ride away from Manhattan. New Canaan is bordered by Darien, Stamford, and Norwalk among others. The town had a median home price of $1.21 million. The median household income was $200,001.
7. 06853: Norwalk
Norwalk is one of the state’s most populated cities with almost 90,000 residents. Reports indicated the city’s median home price was $1.13 million, with the media household income of $159,696.
8. 06880: Westport
Westport, with about 27,000 residents boasts a median home price of just shy of the million-dollar mark at $985,000, with a median household income of $177,614.
9. 06831: Greenwich
This is the second ZIP code in Greenwich reported among the state’s most expensive, with a median home price of $915,000. Its median household income was $148,702.
10. 06890: Southport
Southport reported a median home price of $800,000. Its median household income was reported to be $173,112.
The Bottom Line
Connecticut’s most expensive ZIP codes are all part of Fairfield County on the Gold Coast, and are an easy commute to the New York City area. Many people who work in New York City live in Connecticut, where they’ll get a lot more house for their money. For $1.855 million in Riverside, you can get into a home that is a few thousand square feet with several bedrooms on a couple of acres. At that price in Manhattan, you’ll probably be looking at a modest two-bedroom condo—if that. And Connecticut offers plenty of green space to enjoy the outdoors and get away from the city.SPONSORED
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