ZIP 06880 - 860Z200US06880 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06880, located in Westport, Connecticut, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 27,000 and a median household income of $250,000, this ZIP code represents a prosperous community with high housing costs and a predominantly white population. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these metrics can help you make informed decisions about living or working in this affluent area.

Population & Households

ZIP 06880 is home to 27,364 residents, making it a moderately sized community with a strong residential presence. These individuals are distributed across 9,720 households, reflecting a mix of family and individual living arrangements. With 10,348 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for properties. Understanding the population and household dynamics of 06880 can help you gauge the community’s size and potential demand for housing or services.

Income & Housing Costs

One of the standout features of ZIP 06880 is its exceptional median household income of $250,000, which places it among the higher-earning communities in the region. This financial strength is mirrored in the housing market, where the median house value stands at an impressive $1,244,200. For renters, the median monthly rent is $2,369, reflecting the premium cost of living in this area. These figures suggest that 06880 is a market for high-net-worth individuals or those seeking luxury properties, and they underscore the significant investment required to enter this housing market.

Race & Ethnicity

The demographic makeup of ZIP 06880 shows a predominantly white population at 79.29%, with smaller percentages of other racial and ethnic groups. Black residents account for 2.16% of the population, while Asian residents make up 4.9%. Hispanic individuals represent 8.93% of the community. This composition indicates a relatively homogenous area with some diversity, which may influence cultural dynamics, community events, and business opportunities catering to specific groups. For those considering relocation or investment, this breakdown offers insight into the social fabric of 06880.

Key Facts

• Total population in ZIP 06880: 27,364 residents.
• Total households: 9,720, indicating a strong residential base.
• Total housing units: 10,348, with some potential vacancy or availability.
• Median household income: $250,000, reflecting high earning potential.
• Median house value: $1,244,200, a marker of a luxury real estate market.
• Median rent: $2,369 per month, aligning with upscale living costs.
• Racial composition: 79.29% white, 8.93% Hispanic, 4.9% Asian, 2.16% Black.

What This Means for You

For homebuyers, ZIP 06880 offers a prestigious address with access to a high-income community, but be prepared for steep costs—median home values exceed $1.2 million, and rents are substantial at over $2,300 monthly. This area suits those with significant budgets seeking luxury and exclusivity. Real estate investors and agents will find a lucrative market in 06880, where high property values suggest strong returns, though the limited housing surplus (just over 600 unoccupied units) means competition for available properties could be fierce. Focus on premium listings or renovations to attract affluent buyers. Small-business owners can tap into a wealthy customer base with disposable income, ideal for upscale retail, dining, or professional services, though high rent costs may require careful financial planning. Analysts can use these metrics to benchmark 06880 against other ZIP codes, noting its standout income and housing figures as indicators of economic stability and exclusivity.

Run This Study Yourself

Curious to dive deeper into ZIP 06880 or compare it with another area? Uncover detailed demographic and housing insights with these simple steps:

• Visit ZipcodeGPT to access powerful, user-friendly tools for ZIP code analysis.
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• Use the data to inform your decisions, whether for relocation, investment, or business planning.