06511, New Haven, CT

The 6511 zip code of New Haven, CT has a median home value of $239,000 and a median home equity of $128,000. This is significantly higher than the national median home value of $181,500 and the national median home equity of $130,000. The high home values in this zip code are likely due to the high concentration of college-educated residents in this area. Additionally, the proximity to Yale University and other prestigious colleges may also contribute to the high home values in this area.

Despite the high home values in this zip code, there is evidence that homeownership rates are declining in this area. In 2000, homeownership rates were 66% for homes located within the 6511 zip code. By 2016, homeownership rates had decreased to 54%. This decrease may be due to rising costs associated with owning a home or an increase in rental options available in this area.