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Home values, rents and more in ZIP code 06385 (Waterford, CT)

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$440,000
Connecticut: $447,000 · U.S.: $366,000
Home values, past year
+5.7%
Connecticut: +5.0% · U.S.: +1.2%
Typical rent
$2,197/mo
U.S.: $1,932
Population
15,966
ACS 2020–24
Median household income
$100,484
Connecticut: $95,781 · U.S.: $80,734
ZIP codes around 06385, shaded by typical home value0638506371064230642006365063400633906370063330638206475063550633506357
  • Under $400k
  • $400k–$430k
  • $430k–$480k
  • $480k–$580k
  • $580k+
  • No data
ZIP codes around 06385, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. 06385 is outlined.

How 06385 compares

The typical home in ZIP code 06385 (Waterford, CT) is worth about $440,000, according to the Zillow Home Value Index for September 2026. Home values in 06385 are about the same as the typical value in Connecticut ($447,000) and 20% above the U.S. typical value ($366,000).

Over the past year, home values in 06385 rose 5.7%, compared with +5.0% in Connecticut and +1.2% nationally.

Typical rent is $2,197 a month (Zillow Observed Rent Index), 14% above the U.S. ($1,932).

The median household income is $100,484, against $95,781 in Connecticut and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 15,966 people live in 06385 (American Community Survey 2020–24).

06385 has the 125th-lowest typical home value of the 258 ZIP codes in Connecticut with Zillow figures.

Part of: Waterford, CT · New London County, CT · Connecticut

More for 06385 in ProMap Plus

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Zillow 12-month price forecast
  • Crime rates
  • School test scores
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby ZIP codes

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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