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Rental Insights for ZIP Code 06078 (Suffield, CT)

Housing Rentals in ZIP Code 06078 (Suffield, CT)

06078 ZIP Code in Connecticut

Learn About Housing Rentals in ZIP Code 06078

ZIP Code 06078 is primarily located in Suffield, CT in Hartford County. This region of Connecticut has a median housing rent payment of $1,216 per month. About 14.7% of housing units in this Hartford County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 06078 of $1,216 per month is 3% higher than the aggregate Connecticut median monthly rent of $1,180, and is 15% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 50.6% of residents in ZIP Code 06078 have a monthly rent payment between $1,000 and $1,499. That is 31% higher than in Connecticut overall, in which 38.6% of total state residents pay between $1,000 and $1,499 per month for housing. Just 5.8% of renters in this Suffield, CT region pay less than $500 per month for rent.

ZIP Code 06078 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 06078

See the chart below for a comparison of monthly rental costs in ZIP Code 06078, Connecticut, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 06078 along with those in the state of Connecticut and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 06078

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 06078 Connecticut U.S.
Less than $500 5.8% 9.8% 9.4%
$500 to $999 14.6% 24.0% 36.2%
$1,000 to $1,499 50.6% 38.6% 30.0%
$1,500 to $1,999 13.9% 17.3% 14.0%
$2,000 to $2,499 8.5% 5.9% 5.6%
$2,500 to $2,999 0.0% 2.2% 2.4%
$3,000 or more 6.5% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 06078

Renters in ZIP Code 06078 use an estimated 31.94% of their income to cover their monthly rent payments. That is about 5% higher than in Connecticut overall. The estimate for Connecticut overall is 30.39% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 06078 renters use about 7% more of their income to cover rent expense. Household income figures for ZIP Code 06078 come in higher than in Connecticut as a whole. The median annual household income in ZIP Code 06078 of $114,053 sits approximately 45% higher than the overall Connecticut median income of $78,444 and approximately 81% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 06078

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 06078, Connecticut, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 06078 along with the same calculations in the state of Connecticut and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 06078

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 06078 Connecticut U.S.
Less than 15.0 percent 9.7% 12.1% 13.1%
15.0 to 19.9 percent 11.7% 12.0% 12.9%
20.0 to 24.9 percent 17.1% 12.4% 12.9%
25.0 to 29.9 percent 2.7% 12.0% 11.6%
30.0 to 34.9 percent 7.0% 9.0% 9.1%
35.0 percent or more 51.9% 42.5% 40.5%

Household Income in ZIP Code 06078

See the table below for the regional comparison of annual household income in ZIP Code 06078.

Income ZIP 06078 Connecticut U.S.
Less than $10,000 0.2% 5.0% 6.0%
$10,000 to $14,999 1.3% 3.5% 4.3%
$15,000 to $24,999 3.2% 7.1% 8.9%
$25,000 to $34,999 5.8% 6.9% 8.9%
$35,000 to $49,999 7.7% 10.4% 12.3%
$50,000 to $74,999 12.8% 15.1% 17.2%
$75,000 to $99,999 10.6% 12.5% 12.7%
$100,000 to $149,999 18.8% 17.3% 15.1%
$150,000 to $199,999 13.9% 9.5% 6.8%
$200,000 or more 25.7% 12.6% 7.7%

Household Income in ZIP Code 06078

See the chart below for a comparison of annual household income figures in ZIP Code 06078, Connecticut, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 06078 alongside the same figures for the state of Connecticut and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 06078

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 06078.

ZIP 06078 Connecticut U.S.
Median Housing Rent $1,216 $1,180 $1,062
Renter-Occupied Housing Units 14.7% 33.9% 36.0%
Rental Vacancy Rate 0.0% 6.3% 6.0%
Average Size of Renter-Occupied Unit 1.97 2.28 2.49
Average # of Bedrooms Per Unit 3.11 2.71 2.75
Percent of Income Spent on Rent 31.94% 30.39% 29.83%
Per Capita Income $51,085 $44,496 $34,103
Median Household Income $157,166 $113,031 $88,607
Living Below the Poverty Line 0.3% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 06078

In ZIP Code 06078 (Suffield, CT), and estimated 14.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 06078 is estimated at $51,085, which goes along with an estimated median household income of $157,166. About 0.3% of residents in this Hartford County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.97 occupants, while the units have an aggregate average size of 3.11 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.94% of their income on housing rental costs.

Rental FAQs for ZIP Code 06078

1

What is the median monthly rent in ZIP Code 06078?

Median rent for housing in ZIP Code 06078 in Hartford County in Connecticut is approximately $1,216 per month.
2

Is it expensive to rent in ZIP Code 06078?

Rent in ZIP Code 06078 is higher than average in the state of Connecticut overall. The median monthly rent of $1,216 in ZIP Code 06078 is approximately 3% higher than the Connecticut median of $1,180. Additionally, median rent in this Suffield, CT region ($1,216) is about 15% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 06078?

High-priced rentals are more common in ZIP Code 06078 than in Connecticut overall. The percentage of rentals in ZIP Code 06078 that cost $3,000 or more per month (6.5%) is about 210% higher than the Connecticut rate of 2.1% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 171% lower than the aforementioned 06078 rate of 6.5%.
4

Are affordable rentals common in ZIP Code 06078?

Affordable rentals are less common in ZIP Code 06078 than in Connecticut overall. The percentage of housing rentals in ZIP Code 06078 costing $999 or less per month (20.4%) is approximately 40% lower than the Connecticut rate of 33.8% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 55% higher than the previously mentioned 06078 rate of 20.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 06078?

The most common range for rental cost in ZIP Code 06078 is between $1,000 and $1,499 per month. About 50.6% of renters in 06078 pay in this range for monthly rent. In comparison, approximately 38.6% of renters in the state of Connecticut fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 06078 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 06078 is lower than the rental vacancy rate in the state of Connecticut overall. Rental vacancy of 0.0% in ZIP Code 06078 is about 100% lower than the Connecticut rate of 6.3%. Looking more broadly, rental vacancy in this Suffield, CT region (0.0%) is an estimated 100% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 06078? How does it compare to other Connecticut regions?

Median household income in ZIP Code 06078 is higher than in the state of Connecticut overall. Annual household income of $114,053 in ZIP Code 06078 is about 45% higher than the Connecticut median of $78,444. Additionally, median household income in this Suffield, CT region ($114,053) is approximately 81% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 06078 spend on housing costs?

Renters in ZIP Code 06078 spend a higher amount of their income on rent costs than do renters in Connecticut overall. Renters in ZIP Code 06078 spend an estimated 31.94% of their income on rent payments, which is about 5% higher than the overall Connecticut estimated rate of 30.39%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 7% lower than the ZIP Code 06078 estimated rate of 31.94%.
9

Do renters in ZIP Code 06078 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 06078 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 06078 spending 30 percent or more of their income on rent costs (58.9%) is approximately 14% higher than the Connecticut rate of 51.5% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 19% lower than the aforementioned 06078 rate of 58.9%.
10

What is the average household size of renter-occupied units in ZIP Code 06078?

The average household size of renter-occupied units in ZIP Code 06078 is lower than in the state of Connecticut overall. Annual household size of 1.97 in ZIP Code 06078 is about 14% lower than the Connecticut median of 2.28. Additionally, median household size in this Suffield, CT region (1.97) is approximately 21% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Connecticut ZIP Codes