06357, Niantic, CT

Niantic is located in the 6357 zip code of Connecticut. According to the 2010 census, the population of Niantic was 2,898. The median household income in Niantic was $60,000, and the median family income was $68,000. The average home value in Niantic was $187,500.

The 6357 zip code has a low home equity rate of just 5%. This is due to the fact that there are a high number of homes that are worth less than their mortgages. In addition, there are also a high number of homes that are worth less than their original purchase prices. This means that many homeowners have lost a significant amount of equity over time.

Despite these challenges, homeownership rates in Niantic remain relatively high at 66%. This is likely due to the fact that there are few affordable alternatives available nearby. Additionally, many homeowners may be reluctant to sell their homes because they believe that they will be able to recoup their losses eventually.