06029 — Tolland County, Connecticut Market Snapshot
Housing market data for zip code 06029 in Tolland County, Connecticut. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$501,000
Days to Sell
12
Homes Sold
37
Inventory
17
Sale-to-List
104.1%
New Listings
52
Price/SqFt
$233
Pending Sales
51
Conforming Loan Available
Most homebuyers in 06029 can comfortably use conventional financing. The median home price of $501,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
06029 is an extremely competitive market with homes selling in just 12 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes in 06029 are selling 4.1% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 06029 can comfortably use conventional financing. The median home price of $501,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 06029 are set at the county level.
2026 Loan Limits — Tolland 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 06029
To purchase the median home at $501,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,989.
Monthly Payment
$3,989
Income Required
$170,936
Principal & Interest
$3,087/mo
Down Payment (5%)
$25,050
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 06029.
Estimated Monthly Payment
$3,251
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