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Rental Insights for ZIP Code 06824 (Fairfield, CT)

Housing Rentals in ZIP Code 06824 (Fairfield, CT)

06824 ZIP Code in Connecticut

Learn About Housing Rentals in ZIP Code 06824

ZIP Code 06824 is primarily located in Fairfield, CT in Fairfield County. This region of Connecticut has a median housing rent payment of $2,014 per month. About 15.3% of all housing units in this Fairfield County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 3.7%.

The median rent in ZIP Code 06824 of $2,014 per month is 71% higher than the aggregate Connecticut median monthly rent of $1,180, and is 90% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 28.4% of residents in ZIP Code 06824 pay between $1,500 and $1,999 per month for rent. That is 64% 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 1.7% of renters in this Fairfield, CT region pay less than $500 per month for rent.

ZIP Code 06824 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 06824

See the chart below for a comparison of monthly rental costs in ZIP Code 06824, Connecticut, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 06824 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 06824

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

Cost ZIP 06824 Connecticut U.S.
Less than $500 1.7% 9.8% 9.4%
$500 to $999 2.3% 24.0% 36.2%
$1,000 to $1,499 17.1% 38.6% 30.0%
$1,500 to $1,999 28.4% 17.3% 14.0%
$2,000 to $2,499 18.3% 5.9% 5.6%
$2,500 to $2,999 17.5% 2.2% 2.4%
$3,000 or more 14.8% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 06824

Renters in ZIP Code 06824 use an estimated 29.16% of their income to cover their monthly rent payments. That is about 4% 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 06824 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 06824 come in higher than in Connecticut as a whole. The median annual household income in ZIP Code 06824 of $149,892 sits approximately 91% higher than the overall Connecticut median income of $78,444 and approximately 139% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 06824

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 06824, 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 06824 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 06824

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

Rent Cost as % of Income ZIP 06824 Connecticut U.S.
Less than 15.0 percent 15.7% 12.1% 13.1%
15.0 to 19.9 percent 11.8% 12.0% 12.9%
20.0 to 24.9 percent 17.4% 12.4% 12.9%
25.0 to 29.9 percent 8.9% 12.0% 11.6%
30.0 to 34.9 percent 4.7% 9.0% 9.1%
35.0 percent or more 41.5% 42.5% 40.5%

Household Income in ZIP Code 06824

See the table below for the regional comparison of annual household income in ZIP Code 06824.

Income ZIP 06824 Connecticut U.S.
Less than $10,000 2.5% 5.0% 6.0%
$10,000 to $14,999 1.2% 3.5% 4.3%
$15,000 to $24,999 3.0% 7.1% 8.9%
$25,000 to $34,999 3.8% 6.9% 8.9%
$35,000 to $49,999 5.6% 10.4% 12.3%
$50,000 to $74,999 9.3% 15.1% 17.2%
$75,000 to $99,999 8.9% 12.5% 12.7%
$100,000 to $149,999 15.7% 17.3% 15.1%
$150,000 to $199,999 13.1% 9.5% 6.8%
$200,000 or more 36.9% 12.6% 7.7%

Household Income in ZIP Code 06824

See the chart below for a comparison of annual household income figures in ZIP Code 06824, Connecticut, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 06824 alongside the same figures for the state of Connecticut and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 06824

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 06824.

ZIP 06824 Connecticut U.S.
Median Housing Rent $2,014 $1,180 $1,062
Renter-Occupied Housing Units 15.3% 33.9% 36.0%
Rental Vacancy Rate 3.7% 6.3% 6.0%
Average Size of Renter-Occupied Unit 2.68 2.28 2.49
Average # of Bedrooms Per Unit 3.44 2.71 2.75
Percent of Income Spent on Rent 29.16% 30.39% 29.83%
Per Capita Income $76,524 $44,496 $34,103
Median Household Income $226,058 $113,031 $88,607
Living Below the Poverty Line 1.2% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 06824

In ZIP Code 06824 (Fairfield, CT), and estimated 15.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.7%.

The per capita income in 06824 is estimated at $76,524, which goes along with an estimated median household income of $226,058. About 1.2% of residents in this Fairfield County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.68 occupants, while the units have an aggregate average size of 3.44 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.16% of their income on housing rental costs.

Rental FAQs for ZIP Code 06824

1

What is the median monthly rent in ZIP Code 06824?

Median rent for housing in ZIP Code 06824 in Fairfield County in Connecticut is approximately $2,014 per month.
2

Is it expensive to rent in ZIP Code 06824?

Rent in ZIP Code 06824 is higher than average in the state of Connecticut overall. The median monthly rent of $2,014 in ZIP Code 06824 is approximately 71% higher than the Connecticut median of $1,180. Additionally, median rent in this Fairfield, CT region ($2,014) is about 90% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 06824?

High-priced rentals are more common in ZIP Code 06824 than in Connecticut overall. The percentage of rentals in ZIP Code 06824 that cost $3,000 or more per month (14.8%) is about 605% 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 517% lower than the aforementioned 06824 rate of 14.8%.
4

Are affordable rentals common in ZIP Code 06824?

Affordable rentals are less common in ZIP Code 06824 than in Connecticut overall. The percentage of housing rentals in ZIP Code 06824 costing $999 or less per month (4%) is approximately 88% 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 91% higher than the previously mentioned 06824 rate of 4%.
5

What is the most common cost range that rentals fall into in ZIP Code 06824?

The most common range for rental cost in ZIP Code 06824 is between $1,500 and $1,999 per month. About 28.4% of renters in 06824 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 06824 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 06824 is lower than the rental vacancy rate in the state of Connecticut overall. Rental vacancy of 3.7% in ZIP Code 06824 is about 41% lower than the Connecticut rate of 6.3%. Looking more broadly, rental vacancy in this Fairfield, CT region (3.7%) is an estimated 38% 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 06824? How does it compare to other Connecticut regions?

Median household income in ZIP Code 06824 is higher than in the state of Connecticut overall. Annual household income of $149,892 in ZIP Code 06824 is about 91% higher than the Connecticut median of $78,444. Additionally, median household income in this Fairfield, CT region ($149,892) is approximately 139% 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 06824 spend on housing costs?

Renters in ZIP Code 06824 spend a lower amount of their income on rent costs than do renters in Connecticut overall. Renters in ZIP Code 06824 spend an estimated 29.16% of their income on rent payments, which is about 4% 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 2% higher than the ZIP Code 06824 estimated rate of 29.16%.
9

Do renters in ZIP Code 06824 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 06824 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 06824 spending 30 percent or more of their income on rent costs (46.2%) is approximately 10% 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 7% higher than the aforementioned 06824 rate of 46.2%.
10

What is the average household size of renter-occupied units in ZIP Code 06824?

The average household size of renter-occupied units in ZIP Code 06824 is higher than in the state of Connecticut overall. Annual household size of 2.68 in ZIP Code 06824 is about 18% higher than the Connecticut median of 2.28. Additionally, median household size in this Fairfield, CT region (2.68) is approximately 8% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Connecticut ZIP Codes