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Single Family ResidenceResidential
$697,981$500 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 71How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $650,000 on Mar 11, 2025

5 PROSPECT ST

FALLS VILLAGE, CT 06031
3
Beds
1.5
Baths
1,396 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.14 ac
Lot SizeThe size of the land the home sits on, from county records.
1910
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$698K
$497K low$899K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$650,000 · Mar 11, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,871 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$172,500 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$34,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$137,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$172,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$120,750

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.42
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
19
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
62
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
96
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
32
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Conventional
CountyNORTHWEST HILLS
Lot (acres)The size of the land the home sits on, from county records.0.14
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Lee H. Kellogg School
Elementary · Grades KG–8 · 0.2 mi
H
Housatonic Valley Regional High SchoolC
High · Grades 9–12 · 1.3 mi

District: Canaan School District

Neighborhood · ZIP 06031These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.126
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.90
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.63

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.76%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.34%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.16%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.1,228
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.34 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$95,935
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$135,752
Average tempThe average temperature here across a full year.46°F
Annual precipHow much rain and melted snow falls here in a typical year.48 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

5 Prospect St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 79% of homes in Northwest Hills County
  • Costs more per square foot than 93% of homes in Northwest Hills County
  • Smaller than 71% of homes in Falls Village 06031
  • Among the smallest lots in Falls Village 06031
  • Older than 84% of homes in Northwest Hills County

What homes are worth in Falls Village 06031

Each bar is how many homes fall in that price range. The marker is this home.

This home
$228K$2.3M

This home is worth more than 63% of homes in Falls Village 06031.

How it measures up in Falls Village 06031

The dot is this home. The mark in the middle is the typical home in Falls Village 06031.

Estimated value$697,981
CheaperTypical $598,936Pricier

Pricier than 63% of homes nearby

Price per ft²$500
CheaperTypical $329Pricier

Pricier than 84% of homes nearby

Living area1,396 ft²
SmallerTypical 1,748 ft²Bigger

Bigger than 29% of homes nearby

Lot size0.14 ac
SmallerTypical 3.17 acBigger

Smaller than almost all homes nearby

Year built1910
OlderTypical 1959Newer

Newer than 22% of homes nearby

How 5 Prospect St ranks against every home in each area.
MeasureThis homeFalls Village 06031Northwest Hills County
Estimated valuepricier than$697,98163% of homes79% of homes
Price per ft²pricier than$50084% of homes93% of homes
Living areabigger than1,396 ft²29% of homes33% of homes
Lot sizebigger than0.14 acalmost no homes4% of homes
Year builtnewer than191022% of homes16% of homes

About 5 Prospect St

How much is 5 Prospect St, Falls Village, CT worth?

The TopHap Estimate for 5 Prospect St, Falls Village, CT is $697,981 as of Aug 30, 2026. The likely range is $496,921 to $899,041. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5 Prospect St, Falls Village, CT last sell?

5 Prospect St, Falls Village, CT last sold on Mar 11, 2025 for $650,000, according to the county's recorded deed.

How big is 5 Prospect St, Falls Village, CT?

5 Prospect St, Falls Village, CT has 3 bedrooms, 1.5 bathrooms, 1,396 square feet of living space and a 0.14-acre lot.

When was 5 Prospect St, Falls Village, CT built?

5 Prospect St, Falls Village, CT was built in 1910, making it 116 years old. It is a conventional home. The building has 2 stories.

What schools serve 5 Prospect St, Falls Village, CT?

5 Prospect St, Falls Village, CT is assigned to Lee H. Kellogg School (elementary); Housatonic Valley Regional High School (high), rated C. All sit in Canaan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5 Prospect St, Falls Village, CT compare to other homes in Falls Village 06031?

Among the 583 homes in Falls Village 06031, it is worth more than 63% of them ($697,981 against a typical $598,936), its price per square foot is higher than 84% of them ($500 against a typical $329), it is bigger than 29% of them (1,396 ft² against a typical 1,748 ft²), its lot is bigger than almost none of them (0.14 ac against a typical 3.17 ac) and it is newer than 22% of them (1910 against a typical 1959). Measured against all of Northwest Hills County, it is worth more than 79% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5 Prospect St, Falls Village, CT?

The 2025 property tax bill for 5 Prospect St, Falls Village, CT was $3,871. The county assessed it at $172,500.

More homes on Prospect St

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