ZIP 06514 - 860Z200US06514 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 06514, located in the Hamden area of Connecticut, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 25,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Below, we break down key metrics on population, income, housing, and ethnicity to help you make informed decisions about living or working in 06514.

Population & Households

ZIP 06514 is home to a population of 25,291 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 10,195 households, reflecting a mix of family and individual living arrangements. With 11,388 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance between population and housing stock suggests a stable yet dynamic area for those seeking a place to call home or establish roots.

Income & Housing Costs

The median household income in ZIP 06514 stands at $85,227, positioning it as a community with solid earning potential for its residents. This income level supports a comfortable lifestyle for many, while also attracting businesses that cater to middle-income households. On the housing front, the median house value is $250,300, offering a relatively accessible entry point for homebuyers in the Connecticut market. For renters, the median rent is $1,633 per month, reflecting a competitive rental landscape that may appeal to those not yet ready to buy. These figures provide a practical benchmark for assessing affordability and investment potential in 06514.

Race & Ethnicity

ZIP 06514 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. White residents make up 43.11% of the population, followed by Black residents at 33.1%. Hispanic individuals account for 16.2%, while Asian residents represent 3.25%. This diversity fosters a multifaceted environment, appealing to those who value inclusive communities. For businesses, this mix offers a broad customer base with varied needs and preferences, while homebuyers may appreciate the opportunity to join a culturally rich neighborhood.

Key Facts

• Total population: 25,291 residents in ZIP 06514 as of 2023.
• Total households: 10,195, indicating a mix of family and solo living.
• Total housing units: 11,388, suggesting some availability for new occupants.
• Median household income: $85,227, reflecting a stable economic base.
• Median house value: $250,300, an accessible price point for the region.
• Median rent: $1,633, competitive for renters in the area.
• Diverse demographics: 43.11% White, 33.1% Black, 16.2% Hispanic, 3.25% Asian.

What This Means for You

For homebuyers, ZIP 06514 offers a promising mix of affordability and community diversity. With a median house value of $250,300, it’s a feasible option for first-time buyers or those relocating to the Hamden area, while the cultural variety enhances neighborhood appeal. Real estate investors and agents will note the slight surplus of housing units (11,388 vs. 10,195 households), which could signal opportunities for rental properties or flips, especially given the median rent of $1,633. Small-business owners can leverage the area’s median income of $85,227 and diverse population to target a wide range of customers with tailored products or services. Analysts studying market trends will find the balanced demographics and economic stability of 06514 a compelling case for further research. Whether you’re settling down, investing, or launching a venture, these insights provide a foundation for your next steps.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 06514? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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