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These days, finding an affordable place to live in the 06516 area can be challenging. Home prices in 06516 are now at a median cost of $300,576, lower than the Connecticut average of $418,901.
The average cost of rent is $1,488/mo in 06516, primarily driven by the current value of real estate in the 06516 area. In 06516, 49.46% of households rent, and 35.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 06516 is $6,678 per month. Households that rent pay about 22.28% of their income on rent here. 06516’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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
- 06519, CT: equally priced homes
- 06510, CT: higher priced homes
- 06477, CT: higher priced homes
- 06511, CT: higher priced homes
- 06515, CT: equally priced homes
- 06512, CT: equally priced homes
- 06513, CT: less expensive homes
- 06517, CT: higher priced homes
- 06460, CT: higher priced homes
- 06525, CT: higher priced homes
Zip Codes with Similar Populations
- 84074, UT: higher priced homes
- 28655, NC: less expensive homes
- 38017, TN: higher priced homes
- 92399, CA: higher priced homes
- 32703, FL: higher priced homes
- 93063, CA: higher priced homes
- 10461, NY: higher priced homes
- 08901, NJ: higher priced homes
- 08831, NJ: higher priced homes
- 07470, NJ: higher priced homes
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