Lotvox market story
ZIP 06403
New Haven County, CT
What homes are worth, what they cost to carry, how fast they sell — one step at a time.
- Typical home value
- $426,537
- 12-month change
- +1.8%
- Payment share of income
- 29.7%
This week since 2026-10-08: Payment share of income 29.7% (was 29.4%) · Monthly P&I $2,363 (was $2,335)
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Who's going to sell in 06403 this year?
Lotvox Turnover Index
Ranking every home in 06403 by how likely it is to sell
The Lotvox Turnover Index isn't offered for 06403 yet.
Where
06403 in New Haven County, CT
06403 is one of 41 ZIP codes that lie mostly in New Haven County, CT.
Shaded by typical home value, it ranks 17 of the 39 nearby ZIPs shown.
- Value rank among nearby ZIPs
- 17 of 39
Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research
Local life
Schools in 06403
2 school locations in 06403: 1 elementary, 1 high.
In alphabetical order: Laurel Ledge School, Woodland Regional High School. Locations only — no ratings are shown here.
- School locations
- 2
Source: U.S. Department of Education, National Center for Education Statistics (school locations)
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What it costs
Home values
What homes are worth in 06403
In January 2012 the typical home in 06403 was worth $241,820.
Values peaked at $426,537 in August 2026. The latest reading is the peak.
As of August 2026: $426,537, +1.8% over twelve months.
- Typical home value
- $426,537
- 12-month change
- +1.8%
Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31
Housing pulse
Monthly cost vs. price
Start with the typical home: $426,537. Put 20% down and borrow $341,230 at 7.40%, the 30-year fixed average as of October 8, 2026.
That is $2,363 a month in principal and interest.
The median household here earns $95,405 a year, $7,950 a month. So the payment takes 29.7% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).
The line holds today's rate fixed and moves only the price: at that rate, the same share was 16.8% in 2012.
- Payment share of income
- 29.7%
- Monthly P&I
- $2,363
Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above) · data as of 2026-08-31
Lotvox lens
The payment, at each month's rate
Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2012 (3.92%) the payment was $914.
In December 2020, with rates at 2.68%, it was $899.
By August 2026, at 6.67%, it was $2,194 — +144% since December 2020, while the home's value moved +54%.
- Payment change since 2020
- +144%
Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Lotvox lens
Home value after inflation
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.
Reported values rose +76% since January 2012.
General prices (CPI-U) rose +47% over the same span.
Divide one by the other: in August 2026 dollars, the 2012 home was worth $354,630. So the real change is +20%, not +76%.
- Real change since 2012
- +20%
Source: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U), via FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.
Home values
06403 against its neighbors
06403: +76% since January 2012.
New Haven County: +91% since January 2012.
Connecticut: +90% since January 2012 — 06403 ran behind it by 14 points.
- Change since 2012
- +76%
Source: Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Lotvox lens
Rent or own
Owning the typical home costs about $2,789 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,818 a month.
Price divided by a year's rent: 19.6. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.
- Price-to-rent
- 19.6
Source: Zillow Home Value Index (ZHVI), Zillow Research; Zillow Observed Rent Index (ZORI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above)
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What's moving
Housing pulse
Sales pace vs. normal
Homes sold: about 10 a month in August 2026 (Redfin).
The 2015–2019 level for the same month was 10 — so sales ran at 100% of it, and below it in 21 of the last 24 months.
- Sales vs 2015–19 level
- 100%
Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08
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Who's holding, who's leaving
County records
On the county rolls
County assessor records list 1,892 properties with a market value here. Their average assessed market value is $284,500; the typical home value is $426,537.
The assessor average sits −33.3% from the market figure — an average against a typical value, so treat it as a check, not a verdict.
- Properties on the roll
- 1,892
Source: County assessor and recorder public records; Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above)
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What to do
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Link: https://lotvox.com/story/new-haven/zip/06403