ZIP 06824 - 860Z200US06824 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06824, located in Fairfield, Connecticut, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, high household incomes, and substantial property values, this ZIP code stands out as an affluent and stable community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights—based on the latest data—can help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 06824 is home to a population of 36,868 residents as of 2023, making it a moderately sized community with a strong residential base. This population is distributed across 12,121 households, reflecting a vibrant and active area. The total number of housing units stands at 12,690, indicating a slight surplus of available properties relative to occupied households. This balance suggests a stable housing market with potential opportunities for buyers or renters looking to settle in the area.

Income & Housing Costs

One of the standout features of ZIP 06824 is its impressive median household income of $193,149. This figure places the area among the higher-income communities in the region, signaling strong purchasing power and economic stability. For homebuyers and investors, the median house value of $827,200 reflects a premium real estate market, where properties hold significant long-term value. Meanwhile, the median rent of $2,271 per month indicates a competitive rental market, appealing to those who prefer flexibility over ownership. These metrics highlight ZIP 06824 as a financially robust area with opportunities for both high-end buyers and renters.

Race & Ethnicity

The demographic composition of ZIP 06824 offers insight into the community’s cultural makeup. The population is predominantly White, accounting for 87.74% of residents. Asian residents make up 4.8%, while Hispanic or Latino individuals represent 4.67%. Black or African American residents comprise a smaller share at 0.34%. This distribution points to a largely homogeneous community with pockets of diversity, which may influence social dynamics, local businesses, and cultural offerings in the area. For businesses and investors, understanding this makeup can guide marketing strategies or community engagement efforts.

Key Facts

• Total population in ZIP 06824: 36,868 residents in 2023.
• Total households: 12,121, supporting a strong residential community.
• Total housing units: 12,690, with a slight surplus over occupied homes.
• Median household income: $193,149, indicating significant economic strength.
• Median house value: $827,200, reflecting a high-value real estate market.
• Median rent: $2,271 per month, competitive for the region.
• Racial composition: 87.74% White, 4.8% Asian, 4.67% Hispanic, 0.34% Black.

What This Means for You

For homebuyers, ZIP 06824 offers a premium market with high property values averaging $827,200. The area’s median income of $193,149 suggests neighbors with strong financial stability, often correlating with well-maintained communities and quality schools. However, the high cost of entry—whether buying or renting at $2,271 monthly—means you’ll need to budget accordingly for this upscale lifestyle.

For real estate investors and agents, the slight surplus of housing units (12,690 total vs. 12,121 households) hints at potential inventory for sales or rentals. The high median home value and income levels indicate a market where premium pricing can be sustained, offering solid returns on investment if you target the right properties or clientele.

For small-business owners, the affluent demographic with a median income of $193,149 represents a customer base with disposable income. Tailoring products or services to a higher-end market—whether in retail, dining, or professional services—could yield strong results. Additionally, the area’s racial composition suggests a primarily White customer base, with opportunities to cater to smaller but growing Asian and Hispanic communities.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing demand, and community needs in ZIP 06824. The data points to a stable, high-income area with potential for targeted growth in specific sectors.

Run This Study Yourself

Want to dive deeper into ZIP 06824 or explore another area’s demographics and housing trends? Follow these simple steps to get customized insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter the ZIP code of interest to generate a detailed report tailored to your needs.
• Use the data to inform your decisions—whether for buying, investing, or starting a business.