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Meriden city, CT

ZIP 06450 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 06450

Median Home Value
$220,400
Median Rent
$1,063
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,416/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

17.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 06450 in Meriden city, CT, a household would need roughly $61,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,416. That sits below the local median household income ($68,961), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
62.5%-4% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
89.1%+2% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
8.2%-36% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
28.6%-42% vs US avg
x
Mortgage-Free
35.0%-9% vs US avg
x
$220,400
Home Value
$1,063
Rent
1962
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached47.8%
  • 1-unit attached9.0%
  • 2-9 units26.2%
  • 10+ units16.7%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$220,400
Median rent$1,063
Owner-occupied62.5%
Vacant7.4%
Price-to-income3.2x
Est. income to buy$61,000