ZIP 06708 - 860Z200US06708 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 06708 for a home purchase, real estate investment, or business opportunity, understanding the local demographics and housing landscape is essential. Located in Waterbury, Connecticut, this area offers a diverse community and a range of housing options. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in 06708. Whether you're a homebuyer, investor, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP code 06708 is home to a population of 29,103 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 12,136 households, reflecting a variety of family structures and living arrangements. With 13,061 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate opportunities for buyers or investors looking for available homes or rental properties.

Income & Housing Costs

The median household income in ZIP 06708 stands at $63,705, which suggests a stable economic base for many residents. This income level supports a housing market where the median house value is $196,700—a price point that may appeal to first-time homebuyers or those seeking affordable options in the Waterbury area. For renters, the median monthly rent is $1,275, which aligns with the income levels and offers a viable alternative to homeownership. These figures provide a balanced view of affordability and cost of living, critical for anyone planning to move to or invest in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 06708 reflects a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 42.75% White, 16.95% Black, 1.78% Asian, and a significant 32.69% Hispanic population. This diversity shapes the cultural fabric of the area, influencing local businesses, schools, and community events. For business owners and investors, this mix offers opportunities to cater to a wide range of preferences and needs, while homebuyers may appreciate the vibrant, multicultural atmosphere.

Key Facts

• Total population: 29,103 residents in ZIP 06708.
• Total households: 12,136, indicating a mix of family and individual living arrangements.
• Total housing units: 13,061, suggesting some availability of unoccupied properties.
• Median household income: $63,705, reflecting a moderate economic base.
• Median house value: $196,700, an accessible entry point for many buyers.
• Median rent: $1,275 per month, a reasonable cost for renters.
• Racial diversity: 42.75% White, 32.69% Hispanic, 16.95% Black, 1.78% Asian.

What This Means for You

For homebuyers, ZIP 06708 offers a compelling mix of affordability and community diversity. With a median home value of $196,700, this area could be an ideal spot for first-time buyers or those looking to downsize without sacrificing access to urban amenities in Waterbury. The slight surplus of housing units may also mean less competition in certain price brackets.

For investors and real estate agents, the data points to potential in both buying and renting markets. The gap between total housing units and occupied households suggests room for rental property investments, especially with a median rent of $1,275 that aligns with local income levels. The diverse population also means a broad tenant base with varied needs.

For small-business owners, the demographic diversity and population size of 29,103 create a solid customer base. Whether you’re opening a retail store, restaurant, or service-based business, the cultural mix in 06708 allows for targeted offerings that resonate with different community segments. The median income of $63,705 indicates reasonable disposable income for many households.

For analysts, these metrics provide a foundation for deeper market studies, whether you’re assessing housing trends, economic stability, or community growth potential. The balanced income and housing costs suggest a stable, working-class area with room for strategic development.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 06708? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
• Input any ZIP code to generate a customized report tailored to your needs, whether for personal, investment, or business purposes.
• Use the insights to make informed decisions, from home purchases to market analysis, with data you can trust.