06897 — Fairfield County, Connecticut Market Snapshot
Housing market data for zip code 06897 in Fairfield County, Connecticut. Updated monthly with median prices, days on market, and more.
Market Sales Data
42 sales in 2026 (year to date)
Median Sale Price
$1,502,500
Days to Sell
26
Homes Sold
42
Inventory
37
Sale-to-List
109.8%
New Listings
89
Price/SqFt
$427
Pending Sales
81
Jumbo Loan Likely Needed
The median home in 06897 at $1,502,500 exceeds the 2026 conforming loan limit of $832,750 by $669,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
Homes in 06897 are moving quickly at 26 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 06897 are selling 9.8% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 06897 at $1,502,500 exceeds the 2026 conforming loan limit of $832,750 by $669,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 06897 are set at the county level.
2026 Loan Limits — Fairfield County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 06897
To purchase the median home at $1,502,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $11,662.
Monthly Payment
$11,662
Income Required
$499,786
Principal & Interest
$9,258/mo
Down Payment (5%)
$75,125
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 06897.
Estimated Monthly Payment
$9,449
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 06897.
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