US5.com
  1. Home
  2. States
  3. Connecticut
  4. ZIP 06514
  5. Housing & Real Estate
New Haven city, CT

ZIP 06514 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 06514

Median Home Value
$250,300
Median Rent
$1,415
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,608/mo PITI).

20%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.7 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 06514 in New Haven city, CT, a household would need roughly $69,000 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 $1,608. That sits below the local median household income ($85,227), 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 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
62.3%-5% vs US avg
x
Vacancy Rate
10.5%+2% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
13.9%+8% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
31.6%-36% vs US avg
x
Mortgage-Free
27.6%-28% vs US avg
x
$250,300
Home Value
$1,415
Rent
1962
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 detached55.6%
  • 1-unit attached4.4%
  • 2-9 units19.5%
  • 10+ units20.2%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$250,300
Median rent$1,415
Owner-occupied62.3%
Vacant10.5%
Price-to-income2.9x
Est. income to buy$69,000