ZIP 06114 - 860Z200US06114 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 06114 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area in 2023. Located in Hartford, Connecticut, this ZIP code encompasses a vibrant community of over 25,000 residents. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the population dynamics, income levels, housing costs, and cultural diversity of 06114 can help you make informed decisions. Let’s break down the key metrics to reveal what makes this area unique and how it might align with your goals.

Population & Households

ZIP 06114 is home to a total population of 25,283 individuals as of 2023. This sizable community is distributed across 9,847 households, indicating an average household size of roughly 2.6 people. With 11,206 total housing units in the area, there’s a mix of occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The population density and household composition provide a foundation for understanding the community’s needs, whether you’re planning a business or seeking a family-friendly neighborhood.

Income & Housing Costs

The median household income in ZIP 06114 stands at $47,905, reflecting the economic profile of the area. This figure can help potential residents gauge affordability and lifestyle fit, while businesses can use it to assess local purchasing power. On the housing front, the median home value is $228,300, offering a relatively accessible entry point for buyers in the Hartford region. For renters, the median monthly rent is $1,296, which aligns with the income levels but may require careful budgeting for some households. These metrics are critical for anyone evaluating the cost of living or investment potential in 06114.

Race & Ethnicity

ZIP 06114 boasts a richly diverse population, with a racial and ethnic composition that shapes its cultural landscape. The largest demographic group is Hispanic, making up 59.87% of residents, followed by White at 19.1% and Black at 18.56%. Asian residents account for 0.77% of the population. This diversity can be a significant draw for those seeking a multicultural environment, whether for personal, social, or business reasons. Understanding this breakdown helps highlight the community’s unique character and potential market segments for entrepreneurs.

Key Facts

• Total population: 25,283 residents in ZIP 06114 as of 2023.
• Total households: 9,847, with an average size of about 2.6 people.
• Total housing units: 11,206, including both occupied and vacant properties.
• Median household income: $47,905, reflecting local economic conditions.
• Median home value: $228,300, a key figure for buyers and investors.
• Median rent: $1,296 per month, relevant for renters and landlords.
• Diversity: Hispanic (59.87%), White (19.1%), Black (18.56%), Asian (0.77%).

What This Means for You

For homebuyers, ZIP 06114 offers a median home value of $228,300, which could be an attractive price point compared to other areas in the Hartford region. The diverse community also means a welcoming environment with varied cultural influences. Real estate investors and agents should note the presence of over 11,000 housing units, suggesting potential for both rental and sales opportunities, especially given the vacancy rate implied by the difference between total units and households. Small-business owners can leverage the area’s diversity and population of over 25,000 to target niche markets, particularly with a median income of $47,905 indicating moderate purchasing power. Analysts can use these metrics as a baseline for deeper studies into local trends, housing demand, or economic growth. Whether you’re moving in, investing, or starting a venture, 06114 presents a balanced mix of affordability and opportunity.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 06114? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for your home purchase, investment, or business strategy.