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Rental Insights for ZIP Code 06098 (Winsted, CT)

Housing Rentals in ZIP Code 06098 (Winsted, CT)

06098 ZIP Code in Connecticut

Learn About Housing Rentals in ZIP Code 06098

ZIP Code 06098 is primarily located in Winsted, CT in Litchfield County. This region of Connecticut has a median housing rent payment of $985 per month. About 34.1% of housing units in this Litchfield County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 5.4%.

The median rent in ZIP Code 06098 of $985 per month is 17% lower than the aggregate Connecticut median monthly rent of $1,180, and is 7% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 06098, about 44.3% of renters pay between $500 and $999 per month for housing. That is 85% higher than in Connecticut overall, in which 24.0% of total state residents pay between $500 and $999 per month for housing. Just 7.9% of renters in this Winsted, CT region pay less than $500 per month for rent.

ZIP Code 06098 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 06098

See the chart below for a comparison of monthly rental costs in ZIP Code 06098, Connecticut, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 06098 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 06098

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

Cost ZIP 06098 Connecticut U.S.
Less than $500 7.9% 9.8% 9.4%
$500 to $999 44.3% 24.0% 36.2%
$1,000 to $1,499 39.8% 38.6% 30.0%
$1,500 to $1,999 8.1% 17.3% 14.0%
$2,000 to $2,499 0.0% 5.9% 5.6%
$2,500 to $2,999 0.0% 2.2% 2.4%
$3,000 or more 0.0% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 06098

Renters in ZIP Code 06098 use an estimated 29.96% of their income to cover their monthly rent payments. That is about 1% lower 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 06098 renters use about 0% more of their income to cover rent expense. Household income figures for ZIP Code 06098 come in lower than in Connecticut as a whole. The median annual household income in ZIP Code 06098 of $71,981 sits approximately 8% lower than the overall Connecticut median income of $78,444 and approximately 15% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 06098

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 06098, 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 06098 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 06098

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

Rent Cost as % of Income ZIP 06098 Connecticut U.S.
Less than 15.0 percent 18.8% 12.1% 13.1%
15.0 to 19.9 percent 5.9% 12.0% 12.9%
20.0 to 24.9 percent 7.7% 12.4% 12.9%
25.0 to 29.9 percent 16.4% 12.0% 11.6%
30.0 to 34.9 percent 9.6% 9.0% 9.1%
35.0 percent or more 41.6% 42.5% 40.5%

Household Income in ZIP Code 06098

See the table below for the regional comparison of annual household income in ZIP Code 06098.

Income ZIP 06098 Connecticut U.S.
Less than $10,000 6.4% 5.0% 6.0%
$10,000 to $14,999 3.8% 3.5% 4.3%
$15,000 to $24,999 7.0% 7.1% 8.9%
$25,000 to $34,999 9.1% 6.9% 8.9%
$35,000 to $49,999 10.2% 10.4% 12.3%
$50,000 to $74,999 14.8% 15.1% 17.2%
$75,000 to $99,999 15.4% 12.5% 12.7%
$100,000 to $149,999 19.1% 17.3% 15.1%
$150,000 to $199,999 9.3% 9.5% 6.8%
$200,000 or more 4.8% 12.6% 7.7%

Household Income in ZIP Code 06098

See the chart below for a comparison of annual household income figures in ZIP Code 06098, Connecticut, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 06098 alongside the same figures for the state of Connecticut and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 06098

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 06098.

ZIP 06098 Connecticut U.S.
Median Housing Rent $985 $1,180 $1,062
Renter-Occupied Housing Units 34.1% 33.9% 36.0%
Rental Vacancy Rate 5.4% 6.3% 6.0%
Average Size of Renter-Occupied Unit 2.22 2.28 2.49
Average # of Bedrooms Per Unit 2.61 2.71 2.75
Percent of Income Spent on Rent 29.96% 30.39% 29.83%
Per Capita Income $36,379 $44,496 $34,103
Median Household Income $84,068 $113,031 $88,607
Living Below the Poverty Line 11.0% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 06098

In ZIP Code 06098 (Winsted, CT), and estimated 34.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.4%.

The per capita income in 06098 is estimated at $36,379, which goes along with an estimated median household income of $84,068. About 11.0% of residents in this Litchfield County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.22 occupants, while the units have an aggregate average size of 2.61 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.96% of their income on housing rental costs.

Rental FAQs for ZIP Code 06098

1

What is the median monthly rent in ZIP Code 06098?

Median rent for housing in ZIP Code 06098 in Litchfield County in Connecticut is approximately $985 per month.
2

Is it expensive to rent in ZIP Code 06098?

Rent in ZIP Code 06098 is lower than average in the state of Connecticut overall. The median monthly rent of $985 in ZIP Code 06098 is approximately 17% lower than the Connecticut median of $1,180. Additionally, median rent in this Winsted, CT region ($985) is about 7% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 06098?

High-priced rentals are not common in the Winsted, CT ZIP Code of 06098, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Connecticut overall, approximately 2.1% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 06098?

Affordable rentals are more common in ZIP Code 06098 than in Connecticut overall. The percentage of housing rentals in ZIP Code 06098 costing $999 or less per month (52.2%) is approximately 54% higher 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 14% lower than the previously mentioned 06098 rate of 52.2%.
5

What is the most common cost range that rentals fall into in ZIP Code 06098?

The most common range for rental cost in ZIP Code 06098 is between $500 and $999 per month. About 44.3% of renters in 06098 pay in this range for monthly rent. In comparison, approximately 24.0% of renters in the state of Connecticut fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 06098 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 06098 is lower than the rental vacancy rate in the state of Connecticut overall. Rental vacancy of 5.4% in ZIP Code 06098 is about 14% lower than the Connecticut rate of 6.3%. Looking more broadly, rental vacancy in this Winsted, CT region (5.4%) is an estimated 10% 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 06098? How does it compare to other Connecticut regions?

Median household income in ZIP Code 06098 is lower than in the state of Connecticut overall. Annual household income of $71,981 in ZIP Code 06098 is about 8% lower than the Connecticut median of $78,444. Additionally, median household income in this Winsted, CT region ($71,981) is approximately 15% 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 06098 spend on housing costs?

Renters in ZIP Code 06098 spend a lower amount of their income on rent costs than do renters in Connecticut overall. Renters in ZIP Code 06098 spend an estimated 29.96% of their income on rent payments, which is about 1% lower 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 0% lower than the ZIP Code 06098 estimated rate of 29.96%.
9

Do renters in ZIP Code 06098 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 06098 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 06098 spending 30 percent or more of their income on rent costs (51.2%) is approximately 1% lower 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 3% lower than the aforementioned 06098 rate of 51.2%.
10

What is the average household size of renter-occupied units in ZIP Code 06098?

The average household size of renter-occupied units in ZIP Code 06098 is lower than in the state of Connecticut overall. Annual household size of 2.22 in ZIP Code 06098 is about 3% lower than the Connecticut median of 2.28. Additionally, median household size in this Winsted, CT region (2.22) is approximately 11% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Connecticut ZIP Codes