ZIP 06902 - 860Z200US06902 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06902, located in Stamford, Connecticut, this demographic and housing snapshot offers a clear picture of the area. With a population of over 72,000 and a diverse community, this ZIP code presents a dynamic environment for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest 2023 data, we’ll break down key metrics on population, income, housing, and racial composition to help you make informed decisions.

Population & Households

ZIP 06902 is home to 72,915 residents, making it a sizable and vibrant community. These individuals are distributed across 28,392 households, reflecting a mix of family sizes and living arrangements. With 30,142 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this area. The population density and household makeup suggest a bustling urban or suburban setting with a strong community feel.

Income & Housing Costs

The median household income in ZIP 06902 stands at $92,527, pointing to a relatively affluent area with solid earning potential for residents. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $515,000, reflecting a competitive real estate market that may appeal to those seeking long-term value appreciation. For renters, the median rent is $2,139 per month, indicating a premium rental market that aligns with the area’s higher income and property values. These figures suggest that while costs are significant, they are matched by the earning capacity of many residents.

Race & Ethnicity

ZIP 06902 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. The breakdown includes 31.89% White, 23.42% Black, 6.75% Asian, and 35.33% Hispanic residents. This diversity is a key strength, offering a multicultural environment that can attract a wide range of residents and businesses. For investors and business owners, this mix signals a broad customer base with varied needs and preferences, while homebuyers may appreciate the inclusive and dynamic community atmosphere.

Key Facts

• Total population: 72,915 residents, indicating a large and active community.
• Total households: 28,392, showing a strong base of local families and individuals.
• Total housing units: 30,142, suggesting some availability for new residents or investors.
• Median household income: $92,527, reflecting a financially stable population.
• Median home value: $515,000, pointing to a high-value real estate market.
• Median rent: $2,139, indicative of a premium rental market.
• Diverse demographics: 35.33% Hispanic, 31.89% White, 23.42% Black, and 6.75% Asian.

What This Means for You

For homebuyers, ZIP 06902 offers a competitive yet rewarding housing market. With median home values at $515,000, purchasing here could be a solid long-term investment, especially given the area’s strong median income of $92,527, which supports property value stability. Renters should be prepared for higher costs, with median rents at $2,139, but the diverse and vibrant community may justify the expense.

For investors and real estate agents, the slight surplus of housing units (30,142 total units versus 28,392 households) hints at potential opportunities for flipping properties or securing rental investments. The diverse demographic profile also suggests a wide tenant pool, while the high median home values indicate room for appreciation.

For small-business owners, the sizable population of 72,915 and above-average income levels create a promising customer base. The cultural diversity (with significant Hispanic, White, and Black populations) means businesses can cater to varied tastes and needs, from niche products to inclusive services.

For analysts, these metrics provide a foundation for deeper market studies, whether assessing housing trends, economic stability, or community growth potential in ZIP 06902.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 06902? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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