06422, Durham, CT

The 6422 zip code of Durham, CT is located in the northeast corner of the state. It covers a total area of 8.5 square miles and has a population of just over 30,000 people. The median household income in this zip code is just over $100,000, which is significantly higher than the statewide median income of $60,000. In addition, the home equity and home prices in this zip code are both very high relative to the rest of Connecticut.

As you can see from the graph below, home equity and home prices have been on an upward trajectory for many years now in the 6422 zip code. In fact, according to Zillow’s latest data (as of March 2019), the average home value in this zip code is currently $1.2 million – which is more than twice as high as the statewide average! This trend seems likely to continue – especially given that there are relatively few homes available for sale in this zip code (only about 10% of all homes are for sale).

So what does all this mean for residents of the 6422 zip code? Quite simply – they are extremely well-off relative to most people living in Connecticut. And since there are so few homes available for sale here (and thus little competition), prices are likely to continue rising even further over time – making it even more difficult for potential buyers who don’t already have a hefty down payment ready!