ZIP 06106 - 860Z200US06106 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06106, located in Hartford, Connecticut, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, affordable housing relative to national averages, and a unique cultural makeup, this ZIP code presents distinct opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in 06106.

Population & Households

ZIP 06106 is home to 37,809 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 14,849 households, reflecting a mix of family and individual living arrangements. The total number of housing units in the area stands at 16,938, indicating some vacancy or availability for potential buyers or renters. This balance of population and housing suggests a community with room for growth, whether you’re looking to settle down or invest in property.

Income & Housing Costs

The median household income in ZIP 06106 is $47,542, which is below the national median but reflective of the area’s economic diversity. For homebuyers and investors, the median house value of $201,600 offers an accessible entry point into the housing market, especially compared to higher-priced regions nearby. Renters, meanwhile, face a median monthly rent of $1,237, which aligns with the income levels and suggests a manageable cost of living for many residents. These figures highlight 06106 as a potentially affordable option for those looking to buy or rent in the Hartford area.

Race & Ethnicity

One of the standout characteristics of ZIP 06106 is its cultural diversity. The population is predominantly Hispanic, making up 60.43% of residents, followed by Black or African American at 17.97%, White at 15.48%, and Asian at 3.26%. This rich ethnic composition shapes the community’s identity, influencing local businesses, schools, and social dynamics. For business owners and investors, this diversity can translate into unique market opportunities, while homebuyers may appreciate the cultural vibrancy and sense of community in 06106.

Key Facts

• Total population: 37,809 residents in 2023.
• Total households: 14,849, indicating a mix of family and solo living.
• Total housing units: 16,938, with some availability for new occupants.
• Median household income: $47,542, reflecting economic diversity.
• Median house value: $201,600, an accessible price for many buyers.
• Median rent: $1,237 per month, manageable for the local income bracket.
• Ethnic diversity: 60.43% Hispanic, 17.97% Black, 15.48% White, 3.26% Asian.

What This Means for You

For homebuyers, ZIP 06106 offers a chance to purchase property at a median value of $201,600, which could be a smart long-term investment in an up-and-coming area. The diversity and community feel also make it a welcoming place to raise a family or integrate into local life. Real estate investors and agents should note the availability of housing units (16,938 total) and the potential for rental income, given the median rent of $1,237 and a sizable renter population. The lower median income suggests a need for affordable housing options, which could guide investment strategies.

For small-business owners, the diverse demographic makeup of 06106—especially the large Hispanic population—presents opportunities to cater to specific cultural needs, from food and retail to services. Understanding local income levels ($47,542 median) can help tailor pricing and offerings. Finally, analysts can use these metrics to assess economic trends, housing demand, and community needs, providing valuable insights for policy or market studies in the Hartford region.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 06106? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, housing, and income metrics tailored to your needs.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy—data at your fingertips!