ZIP 06473 - 860Z200US06473 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06473, located in the heart of Connecticut, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re looking for a family-friendly community, a profitable rental market, or a strategic business location, understanding ZIP 06473 is the first step.

Population & Households

ZIP 06473 is home to a population of 24,527 residents, making it a moderately sized community with a mix of urban and suburban vibes. These individuals are distributed across 9,758 households, reflecting a strong residential base. With 10,033 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to buy. The average household size can be inferred as roughly 2.5 people, suggesting a balance of families and smaller households—ideal for diverse housing needs.

Income & Housing Costs

One of the standout metrics for ZIP 06473 is its median household income of $127,370, which signals a relatively affluent community. This income level places residents well above the national average, offering financial stability and purchasing power that can attract businesses and support higher property values. Speaking of property, the median house value in this area is $359,800, reflecting a robust real estate market. For renters, the median rent stands at $1,578 per month, which is competitive for the region and aligns with the area’s income demographics. These figures suggest that ZIP 06473 offers both homeownership and rental opportunities for a range of budgets, though leaning toward the higher end.

Race & Ethnicity

The racial and ethnic composition of ZIP 06473 provides insight into the community’s diversity. The population is predominantly White at 79.3%, followed by smaller but significant groups: Hispanic at 7.07%, Asian at 6.98%, and Black at 3.63%. This mix indicates a primarily White area with growing diversity, which can appeal to those seeking a blend of cultural perspectives. For businesses, this demographic spread suggests opportunities to cater to varied customer bases, while families may appreciate the inclusive environment for schools and community activities.

Key Facts

• Total population: 24,527 residents in ZIP 06473 as of 2023.
• Total households: 9,758, with an average size of about 2.5 people.
• Total housing units: 10,033, indicating potential availability for new buyers or renters.
• Median household income: $127,370, reflecting strong earning power.
• Median house value: $359,800, showcasing a solid real estate market.
• Median rent: $1,578 per month, competitive for an affluent area.
• Racial composition: 79.3% White, 7.07% Hispanic, 6.98% Asian, 3.63% Black.

What This Means for You

For homebuyers, ZIP 06473 presents a promising opportunity with its higher-than-average median household income and home values around $359,800. This suggests a stable, appreciating market where your investment could grow over time, though you’ll need a solid budget to enter. The slight surplus of housing units (10,033 vs. 9,758 households) might give you some negotiating room.

For investors and real estate agents, the combination of high income ($127,370 median) and reasonable median rent ($1,578) points to a viable rental market, especially for professionals or small families. The area’s demographics also support long-term value appreciation, making it a smart spot for buy-and-hold strategies.

For small-business owners, the affluent population and diverse racial makeup offer a customer base with disposable income and varied needs. Whether you’re opening a retail store, restaurant, or service-based business, ZIP 06473’s 24,527 residents provide a sizable market to tap into, especially with household incomes that support spending.

For analysts, these metrics highlight a community with economic strength and moderate diversity, useful for forecasting trends in housing demand, business growth, or community development initiatives.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 06473? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to make data-driven decisions for your next home purchase, investment, or business venture.