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These days, finding an affordable place to live in the 06016 area can be challenging. Home prices in 06016 are now at a median cost of $326,366, lower than the Connecticut average of $418,901.
The average cost of rent is $1,631/mo in 06016, primarily driven by the current value of real estate in the 06016 area. In 06016, 26.14% of households rent, and 23.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 06016 is $9,261 per month. Households that rent pay about 17.61% of their income on rent here. 06016’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
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Zip Codes with Similar Populations
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