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Rental Insights for ZIP Code 06120 (Hartford, CT)

Housing Rentals in ZIP Code 06120 (Hartford, CT)

06120 ZIP Code in Connecticut

Learn About Housing Rentals in ZIP Code 06120

ZIP Code 06120 is primarily located in Hartford, CT in Hartford County. This region of Connecticut has a median housing rent payment of $903 per month. Approximately 80.5% of housing units in this Hartford County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 9.7%.

The median rent in ZIP Code 06120 of $903 per month is 23% lower than the aggregate Connecticut median monthly rent of $1,180, and is 15% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 38.4% of residents in ZIP Code 06120 pay between $500 and $999 per month for rent. That is 60% higher than in Connecticut overall, in which 24.0% of total state residents pay between $500 and $999 per month for housing. Just 0.9% of renters in ZIP Code 06120 pay between $2,000 and $2,499 for monthly rent.

ZIP Code 06120 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 06120

See the chart below for a comparison of monthly rental costs in ZIP Code 06120, Connecticut, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 06120 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 06120

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

Cost ZIP 06120 Connecticut U.S.
Less than $500 26.2% 9.8% 9.4%
$500 to $999 38.4% 24.0% 36.2%
$1,000 to $1,499 27.7% 38.6% 30.0%
$1,500 to $1,999 6.9% 17.3% 14.0%
$2,000 to $2,499 0.9% 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 06120

Renters in ZIP Code 06120 use an estimated 32.72% of their income to cover their monthly rent payments. That is about 8% 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 06120 renters use about 10% more of their income to cover rent expense. Household income figures for ZIP Code 06120 come in lower than in Connecticut as a whole. The median annual household income in ZIP Code 06120 of $27,324 sits approximately 65% lower than the overall Connecticut median income of $78,444 and approximately 57% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 06120

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 06120, 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 06120 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 06120

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

Rent Cost as % of Income ZIP 06120 Connecticut U.S.
Less than 15.0 percent 11.0% 12.1% 13.1%
15.0 to 19.9 percent 9.1% 12.0% 12.9%
20.0 to 24.9 percent 9.8% 12.4% 12.9%
25.0 to 29.9 percent 8.7% 12.0% 11.6%
30.0 to 34.9 percent 6.7% 9.0% 9.1%
35.0 percent or more 54.7% 42.5% 40.5%

Household Income in ZIP Code 06120

See the table below for the regional comparison of annual household income in ZIP Code 06120.

Income ZIP 06120 Connecticut U.S.
Less than $10,000 19.6% 5.0% 6.0%
$10,000 to $14,999 9.2% 3.5% 4.3%
$15,000 to $24,999 18.0% 7.1% 8.9%
$25,000 to $34,999 12.0% 6.9% 8.9%
$35,000 to $49,999 15.0% 10.4% 12.3%
$50,000 to $74,999 12.4% 15.1% 17.2%
$75,000 to $99,999 6.5% 12.5% 12.7%
$100,000 to $149,999 6.5% 17.3% 15.1%
$150,000 to $199,999 0.5% 9.5% 6.8%
$200,000 or more 0.3% 12.6% 7.7%

Household Income in ZIP Code 06120

See the chart below for a comparison of annual household income figures in ZIP Code 06120, Connecticut, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 06120 alongside the same figures for the state of Connecticut and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 06120

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 06120.

ZIP 06120 Connecticut U.S.
Median Housing Rent $903 $1,180 $1,062
Renter-Occupied Housing Units 80.5% 33.9% 36.0%
Rental Vacancy Rate 9.7% 6.3% 6.0%
Average Size of Renter-Occupied Unit 2.91 2.28 2.49
Average # of Bedrooms Per Unit 2.44 2.71 2.75
Percent of Income Spent on Rent 32.72% 30.39% 29.83%
Per Capita Income $12,952 $44,496 $34,103
Median Household Income $38,251 $113,031 $88,607
Living Below the Poverty Line 38.0% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 06120

In ZIP Code 06120 (Hartford, CT), and estimated 80.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.7%.

The per capita income in 06120 is estimated at $12,952, which goes along with an estimated median household income of $38,251. About 38.0% of residents in this Hartford County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.91 occupants, while the units have an aggregate average size of 2.44 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.72% of their income on housing rental costs.

Rental FAQs for ZIP Code 06120

1

What is the median monthly rent in ZIP Code 06120?

Median rent for housing in ZIP Code 06120 in Hartford County in Connecticut is approximately $903 per month.
2

Is it expensive to rent in ZIP Code 06120?

Rent in ZIP Code 06120 is lower than average in the state of Connecticut overall. The median monthly rent of $903 in ZIP Code 06120 is approximately 23% lower than the Connecticut median of $1,180. Additionally, median rent in this Hartford, CT region ($903) is about 15% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 06120?

High-priced rentals are not common in the Hartford, CT ZIP Code of 06120, 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 06120?

Affordable rentals are more common in ZIP Code 06120 than in Connecticut overall. The percentage of housing rentals in ZIP Code 06120 costing $999 or less per month (64.6%) is approximately 91% 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 42% lower than the previously mentioned 06120 rate of 64.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 06120?

The most common range for rental cost in ZIP Code 06120 is between $500 and $999 per month. About 38.4% of renters in 06120 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 06120 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 06120 is higher than the rental vacancy rate in the state of Connecticut overall. Rental vacancy of 9.7% in ZIP Code 06120 is about 54% higher than the Connecticut rate of 6.3%. Looking more broadly, rental vacancy in this Hartford, CT region (9.7%) is an estimated 62% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 06120? How does it compare to other Connecticut regions?

Median household income in ZIP Code 06120 is lower than in the state of Connecticut overall. Annual household income of $27,324 in ZIP Code 06120 is about 65% lower than the Connecticut median of $78,444. Additionally, median household income in this Hartford, CT region ($27,324) is approximately 57% lower 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 06120 spend on housing costs?

Renters in ZIP Code 06120 spend a higher amount of their income on rent costs than do renters in Connecticut overall. Renters in ZIP Code 06120 spend an estimated 32.72% of their income on rent payments, which is about 8% 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 10% lower than the ZIP Code 06120 estimated rate of 32.72%.
9

Do renters in ZIP Code 06120 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 06120 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 06120 spending 30 percent or more of their income on rent costs (61.4%) is approximately 19% 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 24% lower than the aforementioned 06120 rate of 61.4%.
10

What is the average household size of renter-occupied units in ZIP Code 06120?

The average household size of renter-occupied units in ZIP Code 06120 is higher than in the state of Connecticut overall. Annual household size of 2.91 in ZIP Code 06120 is about 28% higher than the Connecticut median of 2.28. Additionally, median household size in this Hartford, CT region (2.91) is approximately 17% higher than median household size of 2.49 in the U.S. as a whole.

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