ZIP 06405 - 860Z200US06405 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06405, located in the Branford area of Connecticut, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the local landscape.

Population & Households

ZIP 06405 is home to a population of 28,090 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These individuals are distributed across 13,103 households, reflecting a diverse range of family structures and living arrangements. The total number of housing units in the area stands at 14,334, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential for investors eyeing vacant units.

Income & Housing Costs

Financially, ZIP 06405 presents a strong profile with a median household income of $97,223. This figure suggests a relatively affluent community, where residents have significant purchasing power—good news for small businesses targeting mid-to-high-income customers. On the housing front, the median home value is $388,300, positioning the area as a competitive yet accessible market for homebuyers in Connecticut. For renters, the median rent is $1,529 per month, which aligns with the income levels and reflects a stable rental market. These numbers provide a benchmark for assessing affordability and investment potential.

Race & Ethnicity

The demographic makeup of ZIP 06405 offers insight into the community’s cultural fabric. The population is predominantly White at 84.53%, with smaller but notable representation from other groups: Black residents account for 3.08%, Asian residents make up 4.4%, and Hispanic or Latino individuals comprise 5.36%. This diversity, while not as pronounced as in larger urban centers, still contributes to a varied social environment. For businesses and investors, understanding this composition can help tailor services or marketing strategies to resonate with local residents.

Key Facts

• Total population: 28,090 residents in 2023.
• Total households: 13,103, indicating a mix of family and individual living arrangements.
• Total housing units: 14,334, with some availability for new occupants.
• Median household income: $97,223, reflecting a financially stable community.
• Median home value: $388,300, a competitive price point for the region.
• Median rent: $1,529 per month, aligning with local income levels.
• Racial composition: 84.53% White, 3.08% Black, 4.4% Asian, 5.36% Hispanic.

What This Means for You

For homebuyers, ZIP 06405 offers a promising market with a median home value of $388,300, which is reasonable for Connecticut and paired with a strong median income of $97,223. This suggests you’re likely to find financially stable neighbors and a community with solid economic footing. Investors and real estate agents will note the surplus of housing units (14,334 total versus 13,103 households), which could point to opportunities for rentals or flips, especially with a median rent of $1,529 that supports steady cash flow. Small-business owners can leverage the area’s income levels to target products or services for mid-to-upper-income consumers, while the modest diversity (e.g., 5.36% Hispanic, 4.4% Asian) offers a chance to cater to niche markets. Analysts can use these metrics as a baseline for deeper studies into housing trends or economic growth in the region.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 06405? Start by visiting ZipcodeGPT to access powerful demographic tools.
• Enter any ZIP code to generate a detailed report tailored to your needs, covering population, income, housing, and more.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.