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Rental Insights for ZIP Code 06902 (Stamford, CT)

Housing Rentals in ZIP Code 06902 (Stamford, CT)

06902 ZIP Code in Connecticut

Learn About Housing Rentals in ZIP Code 06902

ZIP Code 06902 is primarily located in Stamford, CT in Fairfield County. This region of Connecticut has a median housing rent payment of $1,804 per month. About 60.5% of housing units in this Fairfield County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of 5.1%.

The median rent in ZIP Code 06902 of $1,804 per month is 53% higher than the aggregate Connecticut median monthly rent of $1,180, and is 70% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 27.5% of residents in ZIP Code 06902 pay between $1,500 and $1,999 per month for rent. That is 59% higher than in Connecticut overall, in which 17.3% of total state residents pay between $1,500 and $1,999 per month for housing. Just 5.1% of renters in ZIP Code 06902 pay less than $500 per month for housing.

ZIP Code 06902 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 06902

See the chart below for a comparison of monthly rental costs in ZIP Code 06902, Connecticut, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 06902 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 06902

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

Cost ZIP 06902 Connecticut U.S.
Less than $500 5.1% 9.8% 9.4%
$500 to $999 8.9% 24.0% 36.2%
$1,000 to $1,499 19.3% 38.6% 30.0%
$1,500 to $1,999 27.5% 17.3% 14.0%
$2,000 to $2,499 18.6% 5.9% 5.6%
$2,500 to $2,999 10.7% 2.2% 2.4%
$3,000 or more 9.9% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 06902

Renters in ZIP Code 06902 use an estimated 30.63% of their income to cover their monthly rent payments. That is about 1% 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 06902 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 06902 come in lower than in Connecticut as a whole. The median annual household income in ZIP Code 06902 of $76,970 sits approximately 2% lower than the overall Connecticut median income of $78,444 and approximately 22% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 06902

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 06902, 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 06902 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 06902

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

Rent Cost as % of Income ZIP 06902 Connecticut U.S.
Less than 15.0 percent 11.6% 12.1% 13.1%
15.0 to 19.9 percent 11.8% 12.0% 12.9%
20.0 to 24.9 percent 13.7% 12.4% 12.9%
25.0 to 29.9 percent 9.7% 12.0% 11.6%
30.0 to 34.9 percent 9.6% 9.0% 9.1%
35.0 percent or more 43.6% 42.5% 40.5%

Household Income in ZIP Code 06902

See the table below for the regional comparison of annual household income in ZIP Code 06902.

Income ZIP 06902 Connecticut U.S.
Less than $10,000 4.8% 5.0% 6.0%
$10,000 to $14,999 3.6% 3.5% 4.3%
$15,000 to $24,999 7.3% 7.1% 8.9%
$25,000 to $34,999 6.4% 6.9% 8.9%
$35,000 to $49,999 12.3% 10.4% 12.3%
$50,000 to $74,999 14.3% 15.1% 17.2%
$75,000 to $99,999 12.8% 12.5% 12.7%
$100,000 to $149,999 15.5% 17.3% 15.1%
$150,000 to $199,999 9.0% 9.5% 6.8%
$200,000 or more 13.9% 12.6% 7.7%

Household Income in ZIP Code 06902

See the chart below for a comparison of annual household income figures in ZIP Code 06902, Connecticut, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 06902 alongside the same figures for the state of Connecticut and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 06902

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 06902.

ZIP 06902 Connecticut U.S.
Median Housing Rent $1,804 $1,180 $1,062
Renter-Occupied Housing Units 60.5% 33.9% 36.0%
Rental Vacancy Rate 5.1% 6.3% 6.0%
Average Size of Renter-Occupied Unit 2.69 2.28 2.49
Average # of Bedrooms Per Unit 2.26 2.71 2.75
Percent of Income Spent on Rent 30.63% 30.39% 29.83%
Per Capita Income $46,160 $44,496 $34,103
Median Household Income $118,717 $113,031 $88,607
Living Below the Poverty Line 8.4% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 06902

In ZIP Code 06902 (Stamford, CT), and estimated 60.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.1%.

The per capita income in 06902 is estimated at $46,160, which goes along with an estimated median household income of $118,717. About 8.4% of residents in this Fairfield County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.69 occupants, while the units have an aggregate average size of 2.26 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.63% of their income on housing rental costs.

Rental FAQs for ZIP Code 06902

1

What is the median monthly rent in ZIP Code 06902?

Median rent for housing in ZIP Code 06902 in Fairfield County in Connecticut is approximately $1,804 per month.
2

Is it expensive to rent in ZIP Code 06902?

Rent in ZIP Code 06902 is higher than average in the state of Connecticut overall. The median monthly rent of $1,804 in ZIP Code 06902 is approximately 53% higher than the Connecticut median of $1,180. Additionally, median rent in this Stamford, CT region ($1,804) is about 70% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 06902?

High-priced rentals are more common in ZIP Code 06902 than in Connecticut overall. The percentage of rentals in ZIP Code 06902 that cost $3,000 or more per month (9.9%) is about 371% 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 313% lower than the aforementioned 06902 rate of 9.9%.
4

Are affordable rentals common in ZIP Code 06902?

Affordable rentals are less common in ZIP Code 06902 than in Connecticut overall. The percentage of housing rentals in ZIP Code 06902 costing $999 or less per month (14%) is approximately 59% 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 69% higher than the previously mentioned 06902 rate of 14%.
5

What is the most common cost range that rentals fall into in ZIP Code 06902?

The most common range for rental cost in ZIP Code 06902 is between $1,500 and $1,999 per month. About 27.5% of renters in 06902 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 06902 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 06902 is lower than the rental vacancy rate in the state of Connecticut overall. Rental vacancy of 5.1% in ZIP Code 06902 is about 19% lower than the Connecticut rate of 6.3%. Looking more broadly, rental vacancy in this Stamford, CT region (5.1%) is an estimated 15% 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 06902? How does it compare to other Connecticut regions?

Median household income in ZIP Code 06902 is lower than in the state of Connecticut overall. Annual household income of $76,970 in ZIP Code 06902 is about 2% lower than the Connecticut median of $78,444. Additionally, median household income in this Stamford, CT region ($76,970) is approximately 22% 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 06902 spend on housing costs?

Renters in ZIP Code 06902 spend a higher amount of their income on rent costs than do renters in Connecticut overall. Renters in ZIP Code 06902 spend an estimated 30.63% of their income on rent payments, which is about 1% 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 3% lower than the ZIP Code 06902 estimated rate of 30.63%.
9

Do renters in ZIP Code 06902 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 06902 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 06902 spending 30 percent or more of their income on rent costs (53.2%) is approximately 3% 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 7% lower than the aforementioned 06902 rate of 53.2%.
10

What is the average household size of renter-occupied units in ZIP Code 06902?

The average household size of renter-occupied units in ZIP Code 06902 is higher than in the state of Connecticut overall. Annual household size of 2.69 in ZIP Code 06902 is about 18% higher than the Connecticut median of 2.28. Additionally, median household size in this Stamford, CT region (2.69) 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