ZIP Code 06074 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06074, located in South Windsor, Connecticut, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 26,000 and a strong median household income, this ZIP code presents a stable and diverse community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 06074 is home to 26,820 residents, making it a moderately sized community with a suburban feel. The area supports 9,720 households, reflecting a solid base of families and individuals. With 10,133 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for rental opportunities. This balance suggests a community that’s neither overcrowded nor underpopulated, offering room for growth.

Income & Housing Costs

One of the standout metrics for ZIP 06074 is its median household income of $143,025, which points to a financially stable and affluent population. This high earning potential can be a draw for businesses targeting middle- to upper-income consumers. On the housing front, the median home value stands at $354,500, reflecting a competitive yet accessible real estate market for a region with such strong income levels. For renters, the median rent is $1,679 per month, which aligns with the area’s higher cost of living but remains manageable for many households given the income figures. These numbers suggest a market where both buying and renting are viable options depending on your goals.

Race & Ethnicity

The demographic makeup of ZIP 06074 showcases a diverse community with a mix of cultural backgrounds. The population is 64.29% White, 20.99% Asian, 5.91% Hispanic, and 4.16% Black, with the remaining percentage comprising other or mixed-race individuals. This diversity can be a significant asset for businesses seeking a broad customer base or for families looking for an inclusive environment. The notable Asian population, in particular, highlights a unique cultural presence that could influence local markets, dining, and community events.

Key Facts

• Total population: 26,820 residents in 2023.
• Total households: 9,720, supporting a stable community base.
• Total housing units: 10,133, indicating potential availability for new occupants.
• Median household income: $143,025, reflecting strong earning power.
• Median home value: $354,500, competitive for the income level.
• Median rent: $1,679, reasonable for the area’s cost of living.
• Racial diversity: 64.29% White, 20.99% Asian, 5.91% Hispanic, 4.16% Black.

What This Means for You

For homebuyers, ZIP 06074 offers a promising mix of affordability and value with median home prices at $354,500, paired with a high median income of $143,025. This suggests you’re buying into a financially secure area with potential for property appreciation. Families will appreciate the diversity and suburban setting, ideal for raising children in an inclusive community.

For real estate investors and agents, the slight surplus of housing units (10,133 total vs. 9,720 households) hints at opportunities for rentals or flips, especially with a median rent of $1,679 that can attract reliable tenants. The strong income levels also reduce the risk of payment defaults, making this ZIP code a safer bet for investment.

For small-business owners, the diverse population and high disposable income present a ripe market for goods and services, particularly those catering to varied cultural tastes or premium offerings. The 20.99% Asian demographic, for instance, could be a target for specialized retail or dining concepts.

For analysts, these metrics provide a robust dataset to benchmark against neighboring ZIP codes or to track trends over time, especially in terms of income growth and housing demand in suburban Connecticut markets.

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