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These days, finding an affordable place to live in the 06416 area can be challenging. Home prices in 06416 are now at a median cost of $278,091, lower than the Connecticut average of $357,181.
The average cost of rent is $1,270/mo in 06416, primarily driven by the current value of real estate in the 06416 area. While nearly 35.35% of residents own their homes outright in 06416, 20.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in 06416 is $8,326 per month. Households that rent pay about 15.25% of their income on rent here. 06416's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 06023, CT: equally priced homes
- 06067, CT: equally priced homes
- 06480, CT: equally priced homes
- 06457, CT: less expensive homes
- 06037, CT: higher priced homes
- 06481, CT: equally priced homes
- 06073, CT: higher priced homes
- 06111, CT: less expensive homes
- 06109, CT: equally priced homes
- 06414, CT: equally priced homes
Zip Codes with Similar Populations
- 93514, CA: higher priced homes
- 90265, CA: higher priced homes
- 01730, MA: higher priced homes
- 55301, MN: equally priced homes
- 54241, WI: less expensive homes
- 48160, MI: less expensive homes
- 71295, LA: less expensive homes
- 77474, TX: less expensive homes
- 39574, MS: less expensive homes
- 39437, MS: less expensive homes
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