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Rental Insights for ZIP Code 06807 (Cos Cob, CT)

Housing Rentals in ZIP Code 06807 (Cos Cob, CT)

06807 ZIP Code in Connecticut

Learn About Housing Rentals in ZIP Code 06807

ZIP Code 06807 is primarily located in Cos Cob, CT in Fairfield County. This region of Connecticut has a median housing rent payment of $1,980 per month. About 30.7% of all housing units in this Fairfield County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 1.0%.

The median rent in ZIP Code 06807 of $1,980 per month is 68% higher than the aggregate Connecticut median monthly rent of $1,180, and is 86% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 24.5% of residents in ZIP Code 06807 pay between $1,500 and $1,999 per month for rent. That is 42% higher than in Connecticut overall, in which 17.3% of total state residents pay between $1,500 and $1,999 per month for housing. Only 6.3% of renters in this Cos Cob, CT region pay between $500 and $999 per month for rent.

ZIP Code 06807 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 06807

See the chart below for a comparison of monthly rental costs in ZIP Code 06807, Connecticut, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 06807 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 06807

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

Cost ZIP 06807 Connecticut U.S.
Less than $500 0.0% 9.8% 9.4%
$500 to $999 6.3% 24.0% 36.2%
$1,000 to $1,499 20.2% 38.6% 30.0%
$1,500 to $1,999 24.5% 17.3% 14.0%
$2,000 to $2,499 16.6% 5.9% 5.6%
$2,500 to $2,999 10.5% 2.2% 2.4%
$3,000 or more 21.9% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 06807

Renters in ZIP Code 06807 use an estimated 26.4% of their income to cover their monthly rent payments. That is about 13% 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 06807 renters use about 11% less of their income to cover rent expense. Household income figures for ZIP Code 06807 come in higher than in Connecticut as a whole. The median annual household income in ZIP Code 06807 of $153,309 sits approximately 95% higher than the overall Connecticut median income of $78,444 and approximately 144% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 06807

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 06807, 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 06807 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 06807

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

Rent Cost as % of Income ZIP 06807 Connecticut U.S.
Less than 15.0 percent 26.0% 12.1% 13.1%
15.0 to 19.9 percent 12.7% 12.0% 12.9%
20.0 to 24.9 percent 15.4% 12.4% 12.9%
25.0 to 29.9 percent 6.5% 12.0% 11.6%
30.0 to 34.9 percent 4.2% 9.0% 9.1%
35.0 percent or more 35.2% 42.5% 40.5%

Household Income in ZIP Code 06807

See the table below for the regional comparison of annual household income in ZIP Code 06807.

Income ZIP 06807 Connecticut U.S.
Less than $10,000 2.5% 5.0% 6.0%
$10,000 to $14,999 1.8% 3.5% 4.3%
$15,000 to $24,999 3.3% 7.1% 8.9%
$25,000 to $34,999 4.9% 6.9% 8.9%
$35,000 to $49,999 5.9% 10.4% 12.3%
$50,000 to $74,999 9.7% 15.1% 17.2%
$75,000 to $99,999 7.7% 12.5% 12.7%
$100,000 to $149,999 13.2% 17.3% 15.1%
$150,000 to $199,999 7.9% 9.5% 6.8%
$200,000 or more 43.1% 12.6% 7.7%

Household Income in ZIP Code 06807

See the chart below for a comparison of annual household income figures in ZIP Code 06807, Connecticut, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 06807 alongside the same figures for the state of Connecticut and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 06807

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 06807.

ZIP 06807 Connecticut U.S.
Median Housing Rent $1,980 $1,180 $1,062
Renter-Occupied Housing Units 30.7% 33.9% 36.0%
Rental Vacancy Rate 1.0% 6.3% 6.0%
Average Size of Renter-Occupied Unit 2.60 2.28 2.49
Average # of Bedrooms Per Unit 3.37 2.71 2.75
Percent of Income Spent on Rent 26.4% 30.39% 29.83%
Per Capita Income $85,660 $44,496 $34,103
Median Household Income $235,358 $113,031 $88,607
Living Below the Poverty Line 5.2% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 06807

In ZIP Code 06807 (Cos Cob, CT), and estimated 30.7% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.0%.

The per capita income in 06807 is estimated at $85,660, which goes along with an estimated median household income of $235,358. About 5.2% of residents in this Fairfield County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.60 occupants, while the units have an aggregate average size of 3.37 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.4% of their income on housing rental costs.

Rental FAQs for ZIP Code 06807

1

What is the median monthly rent in ZIP Code 06807?

Median rent for housing in ZIP Code 06807 in Fairfield County in Connecticut is approximately $1,980 per month.
2

Is it expensive to rent in ZIP Code 06807?

Rent in ZIP Code 06807 is higher than average in the state of Connecticut overall. The median monthly rent of $1,980 in ZIP Code 06807 is approximately 68% higher than the Connecticut median of $1,180. Additionally, median rent in this Cos Cob, CT region ($1,980) is about 86% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 06807?

High-priced rentals are more common in ZIP Code 06807 than in Connecticut overall. The percentage of rentals in ZIP Code 06807 that cost $3,000 or more per month (21.9%) is about 943% 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 813% lower than the aforementioned 06807 rate of 21.9%.
4

Are affordable rentals common in ZIP Code 06807?

Affordable rentals are less common in ZIP Code 06807 than in Connecticut overall. The percentage of housing rentals in ZIP Code 06807 costing $999 or less per month (6.3%) is approximately 81% 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 86% higher than the previously mentioned 06807 rate of 6.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 06807?

The most common range for rental cost in ZIP Code 06807 is between $1,500 and $1,999 per month. About 24.5% of renters in 06807 pay in this range for monthly rent. In comparison, approximately 17.3% of renters in the state of Connecticut fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 06807 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 06807 is lower than the rental vacancy rate in the state of Connecticut overall. Rental vacancy of 1.0% in ZIP Code 06807 is about 84% lower than the Connecticut rate of 6.3%. Looking more broadly, rental vacancy in this Cos Cob, CT region (1.0%) is an estimated 83% 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 06807? How does it compare to other Connecticut regions?

Median household income in ZIP Code 06807 is higher than in the state of Connecticut overall. Annual household income of $153,309 in ZIP Code 06807 is about 95% higher than the Connecticut median of $78,444. Additionally, median household income in this Cos Cob, CT region ($153,309) is approximately 144% 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 06807 spend on housing costs?

Renters in ZIP Code 06807 spend a lower amount of their income on rent costs than do renters in Connecticut overall. Renters in ZIP Code 06807 spend an estimated 26.4% of their income on rent payments, which is about 13% 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 11% higher than the ZIP Code 06807 estimated rate of 26.4%.
9

Do renters in ZIP Code 06807 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 06807 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 06807 spending 30 percent or more of their income on rent costs (39.4%) is approximately 23% 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 21% higher than the aforementioned 06807 rate of 39.4%.
10

What is the average household size of renter-occupied units in ZIP Code 06807?

The average household size of renter-occupied units in ZIP Code 06807 is higher than in the state of Connecticut overall. Annual household size of 2.60 in ZIP Code 06807 is about 14% higher than the Connecticut median of 2.28. Additionally, median household size in this Cos Cob, CT region (2.60) is approximately 4% higher than median household size of 2.49 in the U.S. as a whole.

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