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Expensive
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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 $196,517, lower than the Connecticut average of $357,181.
The average cost of rent is $1,201/mo in 06516, primarily driven by the current value of real estate in the 06516 area. While nearly 35.46% of residents own their homes outright in 06516, 49.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in 06516 is $6,075 per month. Households that rent pay about 19.77% of their income on rent here. 06516's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 06519, CT: less expensive homes
- 06510, CT: higher priced homes
- 06477, CT: higher priced homes
- 06511, CT: higher priced homes
- 06515, CT: higher priced homes
- 06512, CT: higher priced homes
- 06513, CT: equally priced 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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