06385 — Waterford, CT Home Values
Typical home value $448,645 as of June 2026 · 11th of 26 in Norwich-New London, CT
Blue: typical home value (Zillow ZHVI) in ZIP code 06385, June 2021 to June 2026. This page shows observed data only; no forecast.
How 06385 compares in the Norwich-New London, CT area
ZIP code 06385 (Waterford, CT) has a typical home value of $448,645 as of June 2026, ranking 11th of 26 ZIP codes tracked in the Norwich-New London, CT area, more expensive than about 62% of ZIP codes in the metro. Prices here have moved +6.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +42.4%, from $315,164 in June 2021 to $448,645 in June 2026. Against observed rent, the typical home here sells for 17.2× the annual rent ($2,173/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Norwich-New London, CT forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Norwich.
Population and demographics
ZIP code 06385 has a population of 15,900, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 85.9% White, 5% Asian, 3.6% Hispanic or Latino, 3.3% two or more races, 1.7% Black or African American, 0.3% another race, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Oswegatchie Elementary School | 470 Boston Post Rd., Waterford, CT | 1.2 mi |
| Clark Lane Middle School | 105 Clark Ln., Waterford, CT | 1.7 mi |
| New London High School | 20 Chester Street, New London, CT | 1.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 06385?
$448,645 as of June 2026, the latest month Zillow has published observed data for.
Is 06385 an expensive ZIP code in the Norwich-New London, CT area?
06385 ranks 11th of 26 ZIP codes in the Norwich-New London, CT area by typical home value, more expensive than about 62% of ZIP codes in the metro.
How much have home values in 06385 changed over the past year?
+6.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 06385?
The typical home price is 17.2× the observed annual rent in this ZIP code ($2,173/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 06385?
15,900, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 06385?
Oswegatchie Elementary School (1.2 mi), Clark Lane Middle School (1.7 mi), New London High School (1.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 06385?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Norwich-New London, CT forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.