06906, Stamford, CT

The Stamford zip code, 6906, has a population of over 118,000 people and is located in Fairfield County. Home prices in the 6906 zip code have increased significantly over the past few years and are now among the highest in Connecticut. In 2016, the median home price in the 6906 zip code was $1,085,000. This represents a growth of over 20% from 2015 and is significantly higher than the statewide median home price of $839,500.

One reason for this high home prices in the 6906 zip code is its proximity to major cities such as New York City and Hartford. Additionally, Stamford has been experiencing strong job growth over recent years which has led to increased demand for housing. The6906 zip code also has a low unemployment rate which contributes to its high home prices.

Despite these positive factors, there are some potential risks that could affect home prices in the 6906 zip code. For example, if there were a sudden decrease in demand for housing or if economic conditions worsened overall, thenhome values could decline. Additionally, although Stamford is experiencing strong job growth right now it is possible that this trend could change over time and lead to lower wages which would reduce demand for homes.