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, CT

ZIP 06242 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 06242

Median Home Value
$310,000
Median Rent
$650
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,991/mo PITI).

8%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

39.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 06242 in CT, a household would need roughly $85,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,991. That sits below the local median household income ($100,625), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.1%+27% vs US avg
x
Vacancy Rate
18.1%+76% vs US avg
x
Broadband Access
92.7%+7% vs US avg
x
4+ Bedrooms
5.1%-65% vs US avg
x
Built Pre-1939
3.8%-71% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
34.6%-30% vs US avg
x
Mortgage-Free
46.1%+21% vs US avg
x
$310,000
Home Value
$650
Rent
1965
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.6%
  • 1-unit attached3.4%
  • 2-9 units7.8%
  • 10+ units2.9%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$310,000
Median rent$650
Owner-occupied83.1%
Vacant18.1%
Price-to-income3.1x
Est. income to buy$85,000