ZIP 06513 - 860Z200US06513 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 06513 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in the heart of Connecticut, this ZIP code offers a diverse community and a mix of housing options. This snapshot, based on 2023 data, provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 06513 is home to a population of 38,343 residents, making it a moderately sized community with a vibrant mix of individuals and families. These residents are distributed across 15,669 households, reflecting a strong base of local consumers and potential customers for businesses. With 17,006 total housing units in the area, there’s a noticeable gap between households and available units, which could indicate opportunities for housing development or rental investments.

Income & Housing Costs

The median household income in ZIP 06513 stands at $46,520, which suggests a working-class community with moderate earning power. For homebuyers, this income level may influence affordability and mortgage qualification. On the housing front, the median home value is $226,600, positioning this area as relatively accessible compared to higher-priced markets in Connecticut. For those renting, the median rent is $1,208 per month, which aligns with the income levels but may pose a challenge for lower-earning households. Investors and agents can use these figures to gauge potential returns on rental properties or home sales in this ZIP code.

Race & Ethnicity

ZIP 06513 boasts a richly diverse population, with a racial and ethnic composition that reflects a multicultural environment. Hispanic residents make up the largest group at 46.7%, followed by White residents at 26.23%, Black residents at 22.47%, and Asian residents at 1.49%. This diversity can be a significant draw for businesses looking to cater to varied cultural preferences or for families seeking an inclusive community. Understanding this breakdown helps stakeholders anticipate community needs, from product offerings to school and social services.

Key Facts

• Total population: 38,343 residents, offering a substantial local market.
• Total households: 15,669, indicating a solid base of family and individual units.
• Total housing units: 17,006, suggesting potential for occupancy growth.
• Median household income: $46,520, reflecting moderate earning capacity.
• Median home value: $226,600, an accessible entry point for buyers.
• Median rent: $1,208, a key consideration for renters and investors.
• Diversity: 46.7% Hispanic, 26.23% White, 22.47% Black, 1.49% Asian, highlighting a multicultural community.

What This Means for You

For homebuyers, ZIP 06513 offers a chance to enter the housing market at a median value of $226,600, which may be more attainable than in neighboring areas with higher costs. The diverse community also means a welcoming environment for families of varied backgrounds. Real estate investors and agents should note the gap between housing units and households, which could signal opportunities for rental properties or flipping homes, especially with a median rent of $1,208 providing steady cash flow potential. Small-business owners can leverage the population of over 38,000 and the area’s diversity to tailor products or services—think culturally specific foods, services, or retail that resonate with Hispanic, White, and Black residents. Analysts can use this data to track trends in affordability and demographic shifts, providing deeper insights for clients or reports.

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