06247, Hampton, CT

Hampton, CT is located in the 6247 zip code. According to the 2010 census, Hampton has a population of 9,857. The median household income in the 6247 zip code is $75,000. The median home value in the 6247 zip code is $269,000.

The average home equity loan amount in the 6247 zip code is $130,000. The average home price appreciation rate in the 6247 zip code from 2007 to 2012 was 10%. Over this time period there were a total of 2,914 sales of homes in the 6247 zip code. The average sale price for homes was $269,000.

According to Zillow’s Home Value Index for ZIP Codes within 100 miles of Hampton (ZIP Code: 06249), Hampton ranks as one of Connecticut’s most affordable housing markets with an index score of 97 out of 100 and an annual percentage change (APC) from 2007-2012 of 5%. This means that over this 7 year period there were only 3% more homes sold than what would be expected based on inflation and population growth alone.

It should also be noted that while there may be some variation depending on which part of town you are looking at (East or West), overall prices have remained relatively stable over time and are significantly lower than neighboring towns such as Greenwich or New Canaan which both boast index scores above 110 and APCs above 7%.

While it cannot be said definitively that being located within 100 miles of Hampton has anything to do with why prices are so low relative to other areas within Connecticut or even nationally, it could plausibly account for a portion thereof given that many people who live here commute into Manhattan or Boston for work – areas where housing costs are much higher than they are here in Hampton.