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Heritage Village CDP, CT

ZIP 06488 — 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 06488

Median Home Value
$381,800
Median Rent
$1,701
Affordability Snapshot
$105,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,453/mo PITI).

18%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

18.7 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 06488 in Heritage Village CDP, CT, a household would need roughly $105,000 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 $2,453. That is roughly in line with the local median household income ($112,434). 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
87.3%+33% vs US avg
x
Vacancy Rate
8.0%-23% vs US avg
x
Broadband Access
91.6%+5% vs US avg
x
4+ Bedrooms
5.1%-65% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
27.2%-45% vs US avg
x
Mortgage-Free
43.2%+13% vs US avg
x
$381,800
Home Value
$1,701
Rent
1977
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached58.9%
  • 1-unit attached20.2%
  • 2-9 units15.9%
  • 10+ units4.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$381,800
Median rent$1,701
Owner-occupied87.3%
Vacant8.0%
Price-to-income3.4x
Est. income to buy$105,000