ZIP Code 06851 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06851, located in Norwalk, Connecticut, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the community and its potential.

Population & Households

ZIP 06851 is home to a population of 28,591 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These individuals are distributed across 11,457 households, reflecting a diverse range of family structures and living arrangements. The total number of housing units in the area stands at 12,142, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or investors looking for properties in a stable market.

Income & Housing Costs

The median household income in ZIP 06851 is $106,978, which positions the area as relatively affluent compared to national averages. This income level supports a strong local economy, potentially benefiting small businesses and service providers. On the housing front, the median home value is $565,100, reflecting a competitive real estate market that may appeal to investors seeking long-term appreciation. For renters, the median monthly rent is $2,009, indicating a significant cost for those not ready to buy. These figures highlight the financial commitment required to live in this area, but also the potential for solid returns on property investments.

Race & Ethnicity

The racial and ethnic composition of ZIP 06851 showcases a diverse community, which can be a draw for those seeking an inclusive environment. White residents make up 51.53% of the population, followed by Hispanic or Latino residents at 25.4%. Black or African American individuals account for 15.55%, while Asian residents represent 4.23%. This diversity can enrich the cultural fabric of the area, offering unique opportunities for businesses catering to varied tastes and traditions, as well as fostering a vibrant community for families and individuals alike.

Key Facts

• Total population: 28,591 residents, offering a sizable community for engagement.
• Total households: 11,457, indicating a mix of family and individual living arrangements.
• Total housing units: 12,142, with a small surplus of available properties.
• Median household income: $106,978, reflecting strong earning potential.
• Median home value: $565,100, suggesting a robust real estate market.
• Median rent: $2,009 per month, a notable cost for renters.
• Diverse population: 51.53% White, 25.4% Hispanic, 15.55% Black, 4.23% Asian.

What This Means for You

For homebuyers, ZIP 06851 offers a community with a strong median income and a diverse population, ideal for those seeking a dynamic place to settle. The median home value of $565,100 suggests a premium market, so be prepared for a significant investment, but one that could hold value over time. Real estate investors and agents might find the slight surplus of housing units (12,142 total units versus 11,457 households) an opportunity to target vacant properties or cater to incoming residents. The high median home value also points to potential for appreciation or rental income, given the $2,009 median rent. Small-business owners can leverage the area’s diversity and solid income levels to offer products or services tailored to a varied customer base, from cultural foods to specialized retail. Finally, analysts can use these metrics to benchmark ZIP 06851 against other areas, identifying trends in housing demand or demographic shifts for deeper studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 06851? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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