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Lake Chaffee CDP, CT

ZIP 06278 — 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 06278

Median Home Value
$315,700
Median Rent
$1,085
Affordability Snapshot
$87,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,028/mo PITI).

10%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.2 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 06278 in Lake Chaffee CDP, CT, a household would need roughly $87,000 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 $2,028. That sits below the local median household income ($127,969), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
81.3%+24% vs US avg
x
Vacancy Rate
11.4%+11% vs US avg
x
Broadband Access
96.9%+11% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
4.5%-64% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
10.0%-80% vs US avg
x
Mortgage-Free
24.1%-37% vs US avg
x
$315,700
Home Value
$1,085
Rent
1978
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached86.1%
  • 1-unit attached1.8%
  • 2-9 units5.5%
  • 10+ units5.2%
  • Mobile home & other1.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$315,700
Median rent$1,085
Owner-occupied81.3%
Vacant11.4%
Price-to-income2.5x
Est. income to buy$87,000