ZIP 06770 - 860Z200US06770 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 06770, understanding the local demographics and housing landscape is essential. Located in Connecticut, this area offers a blend of suburban appeal and economic diversity. With a population of over 31,000 and a median household income of $92,047, ZIP 06770 presents a stable and promising environment for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 06770 is home to 31,671 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 12,555 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 13,156, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential for investors eyeing vacant units.

Income & Housing Costs

The median household income in ZIP 06770 is $92,047, positioning this area as a relatively affluent community compared to national averages. This income level supports a robust local economy, which can be attractive for small businesses seeking a customer base with disposable income. On the housing front, the median home value is $241,500, offering a balance of affordability and investment potential for homebuyers and real estate professionals. For renters, the median monthly rent is $1,309, which aligns with the income levels and suggests a sustainable rental market for landlords and tenants alike.

Race & Ethnicity

The demographic makeup of ZIP 06770 reflects a diverse community, which can enrich the cultural fabric and appeal to a wide range of residents and businesses. The racial composition includes 60.67% White, 11.34% Black, 4.4% Asian, and 17.18% Hispanic residents. This diversity can be a draw for families and individuals seeking an inclusive environment, as well as for businesses aiming to cater to varied customer needs and preferences. Understanding this mix is crucial for tailoring services, marketing strategies, or community engagement efforts in the area.

Key Facts

• Total population: 31,671 residents, offering a sizable community for social and economic activity.
• Total households: 12,555, indicating a strong residential presence.
• Total housing units: 13,156, with some availability for new occupants or investors.
• Median household income: $92,047, reflecting economic stability and purchasing power.
• Median home value: $241,500, a competitive price point for buyers and investors.
• Median rent: $1,309 per month, supporting a viable rental market.
• Diverse population: 60.67% White, 17.18% Hispanic, 11.34% Black, and 4.4% Asian.

What This Means for You

For homebuyers, ZIP 06770 offers a compelling mix of affordability and community size. With a median home value of $241,500 and a slight surplus of housing units, you may find good options to settle into a diverse and economically stable area. Real estate investors and agents can capitalize on the available housing stock and the area’s solid median income, which supports both rental and purchase demand. The rental market, with a median rent of $1,309, also presents opportunities for steady returns. Small-business owners will appreciate the diverse population of over 31,000 and the strong median income of $92,047, which suggests a customer base with spending power. Tailoring offerings to the cultural diversity here could yield strong community ties and loyalty. Finally, analysts can use these metrics to benchmark ZIP 06770 against other regions, identifying trends in housing, income, and demographic shifts for deeper market insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 06770? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business venture.