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Rental Insights for ZIP Code 06786 (Terryville, CT)

Housing Rentals in ZIP Code 06786 (Terryville, CT)

06786 ZIP Code in Connecticut

Learn About Housing Rentals in ZIP Code 06786

ZIP Code 06786 is primarily located in Terryville, CT in Litchfield County. This region of Connecticut has a median housing rent payment of $1,015 per month. Approximately 23.0% of housing units in this Litchfield County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of zero.

The median rent in ZIP Code 06786 of $1,015 per month is 14% lower than the aggregate Connecticut median monthly rent of $1,180, and is 4% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 06786, approximately 47.4% of residents pay between $1,000 and $1,499 per month for rent. That is 23% higher than in Connecticut overall, in which 38.6% of total state residents pay between $1,000 and $1,499 per month for housing. Only 4.8% of renters in this Terryville, CT region pay between $1,500 and $1,999 per month for rent.

ZIP Code 06786 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 06786

See the chart below for a comparison of monthly rental costs in ZIP Code 06786, Connecticut, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 06786 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 06786

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

Cost ZIP 06786 Connecticut U.S.
Less than $500 8.7% 9.8% 9.4%
$500 to $999 39.1% 24.0% 36.2%
$1,000 to $1,499 47.4% 38.6% 30.0%
$1,500 to $1,999 4.8% 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 06786

Renters in ZIP Code 06786 use an estimated 27.25% of their income to cover their monthly rent payments. That is about 10% 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 06786 renters use about 9% less of their income to cover rent expense. Household income figures for ZIP Code 06786 come in higher than in Connecticut as a whole. The median annual household income in ZIP Code 06786 of $79,172 sits approximately 1% higher than the overall Connecticut median income of $78,444 and approximately 26% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 06786

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 06786, 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 06786 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 06786

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

Rent Cost as % of Income ZIP 06786 Connecticut U.S.
Less than 15.0 percent 17.3% 12.1% 13.1%
15.0 to 19.9 percent 21.9% 12.0% 12.9%
20.0 to 24.9 percent 4.5% 12.4% 12.9%
25.0 to 29.9 percent 12.5% 12.0% 11.6%
30.0 to 34.9 percent 14.2% 9.0% 9.1%
35.0 percent or more 29.7% 42.5% 40.5%

Household Income in ZIP Code 06786

See the table below for the regional comparison of annual household income in ZIP Code 06786.

Income ZIP 06786 Connecticut U.S.
Less than $10,000 1.3% 5.0% 6.0%
$10,000 to $14,999 2.5% 3.5% 4.3%
$15,000 to $24,999 5.2% 7.1% 8.9%
$25,000 to $34,999 7.8% 6.9% 8.9%
$35,000 to $49,999 14.9% 10.4% 12.3%
$50,000 to $74,999 15.7% 15.1% 17.2%
$75,000 to $99,999 14.8% 12.5% 12.7%
$100,000 to $149,999 19.1% 17.3% 15.1%
$150,000 to $199,999 11.4% 9.5% 6.8%
$200,000 or more 7.3% 12.6% 7.7%

Household Income in ZIP Code 06786

See the chart below for a comparison of annual household income figures in ZIP Code 06786, Connecticut, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 06786 alongside the same figures for the state of Connecticut and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 06786

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 06786.

ZIP 06786 Connecticut U.S.
Median Housing Rent $1,015 $1,180 $1,062
Renter-Occupied Housing Units 23.0% 33.9% 36.0%
Rental Vacancy Rate 0.0% 6.3% 6.0%
Average Size of Renter-Occupied Unit 1.88 2.28 2.49
Average # of Bedrooms Per Unit 2.65 2.71 2.75
Percent of Income Spent on Rent 27.25% 30.39% 29.83%
Per Capita Income $41,598 $44,496 $34,103
Median Household Income $95,587 $113,031 $88,607
Living Below the Poverty Line 2.1% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 06786

In ZIP Code 06786 (Terryville, CT), and estimated 23.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 06786 is estimated at $41,598, which goes along with an estimated median household income of $95,587. About 2.1% of residents in this Litchfield County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.88 occupants, while the units have an aggregate average size of 2.65 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.25% of their income on housing rental costs.

Rental FAQs for ZIP Code 06786

1

What is the median monthly rent in ZIP Code 06786?

Median rent for housing in ZIP Code 06786 in Litchfield County in Connecticut is approximately $1,015 per month.
2

Is it expensive to rent in ZIP Code 06786?

Rent in ZIP Code 06786 is lower than average in the state of Connecticut overall. The median monthly rent of $1,015 in ZIP Code 06786 is approximately 14% lower than the Connecticut median of $1,180. Additionally, median rent in this Terryville, CT region ($1,015) is about 4% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 06786?

High-priced rentals are not common in the Terryville, CT ZIP Code of 06786, 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 06786?

Affordable rentals are more common in ZIP Code 06786 than in Connecticut overall. The percentage of housing rentals in ZIP Code 06786 costing $999 or less per month (47.8%) is approximately 41% 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 5% lower than the previously mentioned 06786 rate of 47.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 06786?

The most common range for rental cost in ZIP Code 06786 is between $1,000 and $1,499 per month. About 47.4% of renters in 06786 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 06786 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 06786 is lower than the rental vacancy rate in the state of Connecticut overall. Rental vacancy of 0.0% in ZIP Code 06786 is about 100% lower than the Connecticut rate of 6.3%. Looking more broadly, rental vacancy in this Terryville, 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 06786? How does it compare to other Connecticut regions?

Median household income in ZIP Code 06786 is higher than in the state of Connecticut overall. Annual household income of $79,172 in ZIP Code 06786 is about 1% higher than the Connecticut median of $78,444. Additionally, median household income in this Terryville, CT region ($79,172) is approximately 26% 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 06786 spend on housing costs?

Renters in ZIP Code 06786 spend a lower amount of their income on rent costs than do renters in Connecticut overall. Renters in ZIP Code 06786 spend an estimated 27.25% of their income on rent payments, which is about 10% 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 9% higher than the ZIP Code 06786 estimated rate of 27.25%.
9

Do renters in ZIP Code 06786 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 06786 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 06786 spending 30 percent or more of their income on rent costs (43.9%) is approximately 15% 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 11% higher than the aforementioned 06786 rate of 43.9%.
10

What is the average household size of renter-occupied units in ZIP Code 06786?

The average household size of renter-occupied units in ZIP Code 06786 is lower than in the state of Connecticut overall. Annual household size of 1.88 in ZIP Code 06786 is about 18% lower than the Connecticut median of 2.28. Additionally, median household size in this Terryville, CT region (1.88) is approximately 24% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Connecticut ZIP Codes