ZIP 06614 - 860Z200US06614 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06614, located in Stratford, Connecticut, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 35,000 and a robust median household income, this ZIP code presents a blend of suburban stability and diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you understand the community’s dynamics and make informed decisions.

Population & Households

ZIP 06614 is home to 35,538 residents, making it a sizable community with a strong residential base. The area supports 13,707 households, reflecting a mix of family and individual living arrangements. With 14,432 total housing units, there’s a slight surplus of available homes, which could indicate opportunities for buyers or renters looking to settle in this area. This balance between population and housing suggests a stable community with room for moderate growth.

Income & Housing Costs

The median household income in ZIP 06614 stands at $105,656, pointing to a relatively affluent population with solid earning power. This income level supports a comfortable lifestyle and suggests that residents have disposable income for local businesses and services. On the housing front, the median home value is $342,700, which aligns with the income levels and indicates a market that’s accessible to middle- and upper-middle-class buyers. For renters, the median rent is $1,733 per month, reflecting a premium for living in this well-established area. These figures highlight ZIP 06614 as a location with strong economic fundamentals for homeowners and investors alike.

Race & Ethnicity

The demographic makeup of ZIP 06614 showcases a diverse yet predominantly white community. Approximately 69.51% of residents identify as white, while 16.62% are Hispanic, 8.02% are Black, and 1.89% are Asian. This diversity adds cultural richness to the area, making it an attractive place for families and businesses seeking an inclusive environment. For small-business owners, this mix can inform marketing strategies or product offerings tailored to varied customer needs.

Key Facts

• Total population: 35,538 residents, indicating a substantial community size.
• Total households: 13,707, reflecting a strong residential presence.
• Total housing units: 14,432, suggesting slight availability for new residents or investors.
• Median household income: $105,656, showcasing economic strength.
• Median home value: $342,700, positioning the area as a solid real estate market.
• Median rent: $1,733, indicating a competitive rental landscape.
• Racial composition: 69.51% white, 16.62% Hispanic, 8.02% Black, 1.89% Asian, highlighting diversity.

What This Means for You

For homebuyers, ZIP 06614 offers a stable housing market with a median home value of $342,700, ideal for those seeking a suburban setting with good income demographics. The slight surplus of housing units could mean less competition when finding a home. Real estate investors and agents will find value in the area’s strong median income and home prices, which suggest potential for appreciation and steady rental demand at $1,733 per month. The diversity and population size also support long-term investment viability. Small-business owners can leverage the area’s $105,656 median income and cultural diversity to target a range of customers, whether opening a retail shop, restaurant, or service-based business. Finally, analysts can use these metrics to benchmark ZIP 06614 against neighboring areas, identifying trends in housing availability or demographic shifts. This data provides a foundation for strategic planning across all these groups.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 06614? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business in any area.