Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.27-06831, Greenwich, CT

Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.27-06831, Greenwich, CT


Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.27-06831, Greenwich, CT

Rank no.27 – 06831, Greenwich, CT

0x600

Median Home Price: $3,311,377 
Average Days On Market: 297 
Number Of Homes On The Market: 238 

Estimated zip code population in 2011: 14,225
Zip code population in 2010: 14,792
Zip code population in 2000: 15,167
home sales

Greenwich /ˈɡrɛnɨ/ is an affluent town in Fairfield CountyConnecticutUnited States. As of the 2010 census, the town had a total population of 61,171. As of a census done by the Census Bureau on July 1, 2012, the town had a population of 62,256. It is home to many hedge funds and other financial service companies. Greenwich is the southernmost and westernmost municipality in Connecticut and is 38+ minutes by train (express) from Grand Central Terminal in Manhattan. In July 2005, CNN/Money and Money magazine ranked Greenwich 1st on its list of the 100 Best Places to Live in the United States. Money magazine also ranked Greenwich #1 in the “Biggest Earner" category. In 2012 Greenwich was listed as having the wealthiest residents per capita. The town is named after Greenwich, a borough of London in the United Kingdom.

Houses and condos: 5,851
Renter-occupied apartments: 1,083
% of renters here: 21%
State: 33%

Mar. 2012 cost of living index in zip code 06831: 144.3 (very high, U.S. average is 100)

Land area: 27.5 sq. mi.
Water area: 0.5 sq. mi.
Population density: 517 people per square mile

(low).

Real estate property taxes paid for housing units in 2011:
This zip code: 0.8% ($8,415)
Connecticut: 1.8% ($5,062)

Median real estate property taxes paid for housing units with mortgages in 2011: $8,549 (0.9%)
Median real estate property taxes paid for housing units with no mortgage in 2011: $8,098 (0.8%)

Zip code 06831 compared to state average:

  • Median household income above state average.
  • Median house value significantly above state average.
  • Black race population percentage significantly below state average.
  • Hispanic race population percentage below state average.
  • Median age above state average.
  • Number of rooms per house above state average.
  • Number of college students below state average.
  • Percentage of population with a bachelor’s degree or higher above state average.

Urban population: 9,351
Rural population: 4,873

Estimated median house/condo value in 2011: $1,000,001
06831: $1,000,001
Connecticut: $278,700

Median resident age:
This zip code: 45.9 years
Connecticut median age: 40.3 years

Average household size:
This zip code: 2.7 people
Connecticut: 2.6 people

Housing units in zip code 06831 with a mortgage: 2,675 (97 second mortgage, 1,008 home equity loan, 9 both second mortgage and home equity loan)
Houses without a mortgage: 1,457

Median monthly owner costs for units with a mortgage: $4,001
Median monthly owner costs for units without a mortgage: $1,001

Residents with income below the poverty level in 2011:
This zip code: 2.3%
Whole state: 10.9%

Residents with income below 50% of the poverty level in 2011:
This zip code: 0.7%
Whole state: 5.9%

Median number of rooms in houses and condos:
Here: 8.2
State: 6.5

Median number of rooms in apartments:
Here: 5.2
State: 4.2

Housing units lacking complete plumbing facilities: 2.4%

Housing units lacking complete kitchen facilities: 3.5%

Notable locations in zip code 06831:
Stanwich Club
Round Hill
Rosemary Hall
Deercrest Country Club
Fairview Country Club
Round Hill Country Club
Tamarack Country Club
Bruce Memorial Golf Club
Audubon Center of Greenwich
Greenwich Fire Department Station 8 Back Country
Greenwich Fire Department Station 6 Round Hill
Greenwich Fire Department Station 4 Glenville

Shopping Center: Stop and Shop Shopping Center

Churches in zip code 06831 include:
Stanwich Church
North Greenwich Congregational Church
Round Hill Community Church
Saint Barnabas Church
Convent of the Sacred Heart

Cemeteries: Pecks Cemetery
Brown Cemetery
Quaker Ridge Cemetery
Close Cemetery
Green Cemetery
Howe Cemetery
Water Baptist Cemetery

Lakes, reservoirs, and swamps:
Toll Gate Pond
Closes Pond
Converse Lake
Wooley Pond
Lake Mead
Mill Pond
West Fork Pond
Byram River Reservoir

Streams, rivers, and creeks:
East Branch Byram River
Converse Pond Brook

Parks in zip code 06831 include:
Western Greenwich Civic Center Park
Wild Flower Sanctuary
Pemberwick Park
Bruce Park

Year built

Estimate of home value of owner-occupied houses/condos in 2011 in zip code 06831:
$15,000 to $19,999: 9
$50,000 to $59,999: 6
$60,000 to $69,999: 11
$125,000 to $149,999: 17
$150,000 to $174,999: 48
$175,000 to $199,999: 15
$200,000 to $249,999: 12
$250,000 to $299,999: 18
$300,000 to $399,999: 142
$400,000 to $499,999: 92
$500,000 to $749,999: 713
$750,000 to $999,999: 692
$1,000,000 or more: 2,357

Rent paid by renters in 2011 in zip code 06831:
$200 to $249: 46
$650 to $699: 14
$900 to $999: 27
$1,000 to $1,249: 180
$1,250 to $1,499: 66
$1,500 to $1,999: 207
$2,000 or more: 393
No cash rent: 150

Median gross rent in 2011: $2,001.

Median price asked for vacant for-sale houses and condos in 2011: $1,010,274.
Estimated median house (or condo) value in 2011 for:
White Non-Hispanic householders: $1,029,470
Black or African American householders: $1,222,795
Asian householders: $1,050,869
Some other race householders: $168,134
Two or more races householders: $789,680
Hispanic or Latino householders: $1,222,795

Estimated median house or condo value in 2011: $1,000,001
06831: $1,000,001
Connecticut: $278,700
Lower value quartile – upper value quartile: $732,500 – $1,000,001
Mean price in 2011:
Detached houses: $1,303,472
Townhouses or other attached units: $670,257
In 2-unit structures: $739,834
In 3-to-4-unit structures: $985,995
In 5-or-more-unit structures: $572,638
Races in zip code 06831:
White population: 12,610
Black population: 149
American Indian population: 3
Asian population: 766
Native Hawaiian and Other Pacific Islander population: 1
Some other race population: 53
Two or more races population: 150
Hispanic or Latino population: 1,060

Geography

Downtown Street Scene

According to the United States Census Bureau, the town has a total area of 67.2 square miles (174 km2), of which 47.8 square miles (124 km2) is land and 19.4 square miles (50 km2), or 28.88%, is water. In terms of area, Greenwich is twice the size of Manhattan. The town is bordered to the west and north by Westchester County, New York, to the east by the city of Stamford, and to the south by Long Island Sound.

Featured Expensive Homes

0x600 (3)

06831, Greenwich, CT

Zip Code Rank: #17
Address: 73 Weaver Street, Apt 23
List Price: $985,000
Listed With: Coldwell Banker Residential Brokerage

 

0x600 (1)

06831, Greenwich, CT

This end unit in a multi-family Georgian house has four bedrooms, three and a half baths and a fireplace.
Source: Zillow

 

06831, Greenwich, CT

1

 

Home: Old Mill Farm
List Price: $33 million
Listed With: Sotheby’s International Realty
Source: Realtor.com