ZIP 06776 - 860Z200US06776 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06776, understanding the area’s demographic and housing landscape is essential. Located in Connecticut, this ZIP code offers a blend of suburban appeal and economic stability, making it a compelling choice for homebuyers, real estate investors, agents, small-business owners, and analysts. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and diversity in 06776. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP 06776 is home to a population of 27,133 residents as of 2023. This sizable community is distributed across 10,103 households, reflecting a mix of family units, singles, and retirees. The total number of housing units in the area stands at 11,120, indicating a slight surplus of available properties compared to occupied households. This gap could signal opportunities for buyers or investors looking for potential rentals or flips in a market with moderate availability.

Income & Housing Costs

Economically, ZIP 06776 stands out with a median household income of $102,240, suggesting a relatively affluent community with strong purchasing power. For homebuyers and investors, this income level points to a market where residents can support higher property values and local businesses. Speaking of property values, the median house value in 06776 is $380,800, reflecting a robust real estate market that could offer long-term appreciation for owners. Meanwhile, renters face a median rent of $1,598 per month, which aligns with the area’s higher income and housing costs, indicating a competitive rental market for landlords and tenants alike.

Race & Ethnicity

The demographic makeup of ZIP 06776 showcases a predominantly white population at 77.15%, with smaller but significant representation from other groups. Hispanic residents account for 11.94% of the population, while Black and Asian communities make up 3.88% and 3.77%, respectively. This diversity, though moderate, contributes to a culturally varied community, which can be a draw for families seeking inclusive environments and businesses aiming to cater to a range of customers.

Key Facts

• Total population in ZIP 06776: 27,133 residents.
• Total households: 10,103, with 11,120 total housing units available.
• Median household income: $102,240, indicating strong local earning power.
• Median house value: $380,800, reflecting a solid real estate market.
• Median rent: $1,598 per month, competitive for the area’s income levels.
• Racial composition: 77.15% White, 11.94% Hispanic, 3.88% Black, 3.77% Asian.

What This Means for You

For homebuyers, ZIP 06776 offers a stable, higher-income community with median home values at $380,800, suggesting a market with potential for value retention and growth. The slight surplus of housing units (11,120 total vs. 10,103 households) may provide some negotiating room, though competition could still be stiff given the area’s appeal.

For investors and real estate agents, the combination of high median income ($102,240) and a median rent of $1,598 signals a strong rental market, especially for properties catering to families or professionals. The data also hints at opportunities for flipping or holding properties in a market with solid fundamentals.

For small-business owners, the affluent demographic and diverse population in 06776 present a customer base with disposable income and varied needs. Whether you’re opening a retail store, restaurant, or service-based business, the economic stability here could support sustained growth.

For analysts, these metrics provide a baseline for deeper studies into housing trends, economic disparities, or community development in ZIP 06776, offering a foundation for actionable insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 06776? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to guide your next real estate decision, business plan, or research project with confidence.