US5.com
  1. Home
  2. States
  3. Connecticut
  4. ZIP 06416
  5. Housing & Real Estate
, CT

ZIP 06416 — 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 06416

Median Home Value
$311,300
Median Rent
$1,424
Affordability Snapshot
$86,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,000/mo PITI).

16%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.2 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 06416 in CT, a household would need roughly $86,000 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 $2,000. That sits below the local median household income ($104,458), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
80.3%+23% vs US avg
x
Vacancy Rate
6.7%-35% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
16.8%-66% vs US avg
x
Mortgage-Free
38.5%+1% vs US avg
x
$311,300
Home Value
$1,424
Rent
1977
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached57.8%
  • 1-unit attached15.6%
  • 2-9 units16.4%
  • 10+ units10.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$311,300
Median rent$1,424
Owner-occupied80.3%
Vacant6.7%
Price-to-income3.0x
Est. income to buy$86,000