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Rental Insights for ZIP Code 06073 (South Glastonbury, CT)

Housing Rentals in ZIP Code 06073 (South Glastonbury, CT)

06073 ZIP Code in Connecticut

Learn About Housing Rentals in ZIP Code 06073

ZIP Code 06073 is primarily located in South Glastonbury, CT in Hartford County. This region of Connecticut has a median housing rent payment of $1,393 per month. About 7.5% of housing units in this Hartford County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 06073 of $1,393 per month is 18% higher than the aggregate Connecticut median monthly rent of $1,180, and is 31% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 49.6% of residents in ZIP Code 06073 have a monthly rent payment between $1,000 and $1,499. That is 28% higher than in Connecticut overall, in which 38.6% of total state residents pay between $1,000 and $1,499 per month for housing. Just 4.3% of renters in this South Glastonbury, CT region pay between $1,500 and $1,999 per month for rent.

ZIP Code 06073 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 06073

See the chart below for a comparison of monthly rental costs in ZIP Code 06073, Connecticut, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 06073 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 06073

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

Cost ZIP 06073 Connecticut U.S.
Less than $500 0.0% 9.8% 9.4%
$500 to $999 19.1% 24.0% 36.2%
$1,000 to $1,499 49.6% 38.6% 30.0%
$1,500 to $1,999 4.3% 17.3% 14.0%
$2,000 to $2,499 27.0% 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 06073

Renters in ZIP Code 06073 use an estimated 22.64% of their income to cover their monthly rent payments. That is about 26% 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 06073 renters use about 24% less of their income to cover rent expense. Household income figures for ZIP Code 06073 come in higher than in Connecticut as a whole. The median annual household income in ZIP Code 06073 of $149,226 sits approximately 90% higher than the overall Connecticut median income of $78,444 and approximately 137% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 06073

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 06073, 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 06073 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 06073

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

Rent Cost as % of Income ZIP 06073 Connecticut U.S.
Less than 15.0 percent 27.0% 12.1% 13.1%
15.0 to 19.9 percent 23.5% 12.0% 12.9%
20.0 to 24.9 percent 13.9% 12.4% 12.9%
25.0 to 29.9 percent 10.4% 12.0% 11.6%
30.0 to 34.9 percent 8.7% 9.0% 9.1%
35.0 percent or more 16.5% 42.5% 40.5%

Household Income in ZIP Code 06073

See the table below for the regional comparison of annual household income in ZIP Code 06073.

Income ZIP 06073 Connecticut U.S.
Less than $10,000 0.3% 5.0% 6.0%
$10,000 to $14,999 0.2% 3.5% 4.3%
$15,000 to $24,999 4.0% 7.1% 8.9%
$25,000 to $34,999 1.2% 6.9% 8.9%
$35,000 to $49,999 5.5% 10.4% 12.3%
$50,000 to $74,999 6.3% 15.1% 17.2%
$75,000 to $99,999 17.0% 12.5% 12.7%
$100,000 to $149,999 16.0% 17.3% 15.1%
$150,000 to $199,999 14.8% 9.5% 6.8%
$200,000 or more 34.6% 12.6% 7.7%

Household Income in ZIP Code 06073

See the chart below for a comparison of annual household income figures in ZIP Code 06073, Connecticut, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 06073 alongside the same figures for the state of Connecticut and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 06073

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 06073.

ZIP 06073 Connecticut U.S.
Median Housing Rent $1,393 $1,180 $1,062
Renter-Occupied Housing Units 7.5% 33.9% 36.0%
Rental Vacancy Rate 0.0% 6.3% 6.0%
Average Size of Renter-Occupied Unit 1.79 2.28 2.49
Average # of Bedrooms Per Unit 3.54 2.71 2.75
Percent of Income Spent on Rent 22.64% 30.39% 29.83%
Per Capita Income $68,220 $44,496 $34,103
Median Household Income $185,568 $113,031 $88,607
Living Below the Poverty Line 0.0% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 06073

In ZIP Code 06073 (South Glastonbury, CT), and estimated 7.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 06073 is estimated at $68,220, which goes along with an estimated median household income of $185,568. About 0.0% of residents in this Hartford County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.79 occupants, while the units have an aggregate average size of 3.54 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 22.64% of their income on housing rental costs.

Rental FAQs for ZIP Code 06073

1

What is the median monthly rent in ZIP Code 06073?

Median rent for housing in ZIP Code 06073 in Hartford County in Connecticut is approximately $1,393 per month.
2

Is it expensive to rent in ZIP Code 06073?

Rent in ZIP Code 06073 is higher than average in the state of Connecticut overall. The median monthly rent of $1,393 in ZIP Code 06073 is approximately 18% higher than the Connecticut median of $1,180. Additionally, median rent in this South Glastonbury, CT region ($1,393) is about 31% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 06073?

High-priced rentals are not common in the South Glastonbury, CT ZIP Code of 06073, 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 06073?

Affordable rentals are less common in ZIP Code 06073 than in Connecticut overall. The percentage of housing rentals in ZIP Code 06073 costing $999 or less per month (19.1%) is approximately 43% 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 58% higher than the previously mentioned 06073 rate of 19.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 06073?

The most common range for rental cost in ZIP Code 06073 is between $1,000 and $1,499 per month. About 49.6% of renters in 06073 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 06073 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 06073 is lower than the rental vacancy rate in the state of Connecticut overall. Rental vacancy of 0.0% in ZIP Code 06073 is about 100% lower than the Connecticut rate of 6.3%. Looking more broadly, rental vacancy in this South Glastonbury, 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 06073? How does it compare to other Connecticut regions?

Median household income in ZIP Code 06073 is higher than in the state of Connecticut overall. Annual household income of $149,226 in ZIP Code 06073 is about 90% higher than the Connecticut median of $78,444. Additionally, median household income in this South Glastonbury, CT region ($149,226) is approximately 137% 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 06073 spend on housing costs?

Renters in ZIP Code 06073 spend a lower amount of their income on rent costs than do renters in Connecticut overall. Renters in ZIP Code 06073 spend an estimated 22.64% of their income on rent payments, which is about 26% 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 24% higher than the ZIP Code 06073 estimated rate of 22.64%.
9

Do renters in ZIP Code 06073 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 06073 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 06073 spending 30 percent or more of their income on rent costs (25.2%) is approximately 51% 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 49% higher than the aforementioned 06073 rate of 25.2%.
10

What is the average household size of renter-occupied units in ZIP Code 06073?

The average household size of renter-occupied units in ZIP Code 06073 is lower than in the state of Connecticut overall. Annual household size of 1.79 in ZIP Code 06073 is about 21% lower than the Connecticut median of 2.28. Additionally, median household size in this South Glastonbury, CT region (1.79) is approximately 28% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Connecticut ZIP Codes