ZIP 06489 - 860Z200US06489 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 06489 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in Connecticut, this ZIP code offers a blend of suburban appeal and economic strength. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 06489 is home to a population of 32,444 residents, making it a moderately sized community with a stable residential base. This area supports 12,791 households, reflecting a strong foundation for local businesses and services. The total number of housing units stands at 13,496, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area.

Income & Housing Costs

One of the standout metrics for ZIP 06489 is its robust median household income of $124,543. This figure points to a financially secure community, which can be a draw for businesses targeting higher-income consumers or for investors seeking stable rental demand. On the housing front, the median home value is $360,600, positioning this area as a competitive yet accessible market for homebuyers in Connecticut. For renters, the median rent is $1,440 per month, which aligns with the income levels and suggests a balanced cost of living for those not ready to buy.

Race & Ethnicity

The demographic makeup of ZIP 06489 is predominantly White, with 87.01% of the population identifying as such. Hispanic residents account for 5.27%, while Asian and Black populations make up 2.22% and 1.41%, respectively. This composition reflects a relatively homogenous community with pockets of diversity. For businesses and investors, understanding this breakdown can help tailor services, marketing strategies, or property developments to meet the cultural and social needs of the area’s residents.

Key Facts

• Total population: 32,444 residents, offering a sizable market for local businesses.
• Total households: 12,791, indicating a strong residential base.
• Total housing units: 13,496, suggesting some availability for new occupants.
• Median household income: $124,543, reflecting economic stability.
• Median home value: $360,600, a competitive price point for the region.
• Median rent: $1,440, aligning with income levels for affordability.
• Racial composition: 87.01% White, 5.27% Hispanic, 2.22% Asian, 1.41% Black.

What This Means for You

For homebuyers, ZIP 06489 offers a promising market with a median home value of $360,600, which is reasonable for a community with such a high median income of $124,543. The slight surplus of housing units (13,496 total) compared to households (12,791) could mean less competition when searching for a property. If you’re a renter, the median rent of $1,440 is manageable given the income levels, making this area a viable option for long-term residency.

For real estate investors and agents, the economic strength of this ZIP code signals strong rental demand and potential for property value appreciation. The income levels suggest tenants can afford competitive rents, while the housing unit surplus offers opportunities to acquire properties for investment or resale.

For small-business owners, a population of over 32,000 with a high median income presents a lucrative customer base. Whether you’re opening a retail store, restaurant, or service-based business, the financial stability of residents in ZIP 06489 can support consistent revenue. Additionally, the demographic composition provides insight into tailoring your offerings to the majority White population while considering niche markets within the Hispanic and Asian communities.

For analysts, these metrics offer a clear picture of a stable, affluent community with room for growth in housing occupancy. The data can inform broader market studies or localized investment strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 06489? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your home purchase, investment, or business strategy.