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ZIP Code · CT

ZIP 06416

Part of Cromwell, CT
Pop. 14,334·Middlesex County·45th most expensive ZIP in Connecticut
Median rent (all units)
$2,140/mo
Year-over-Year
Stable
Month-over-Month
-16.1%
vs US Median
+$175
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 06416 · $2,140
More expensive than 67% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,330
1 BR
$1,530
2 BR
$1,930
3 BR
$2,310
4 BR+
$2,630
Research median
$1,930/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$25,680/yr
At $2,140/mo median
Location
StateCT
CountyMiddlesex County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -16.1% MoM), not inventory.
Demographics

Who lives here

ZIP 06416 (Cromwell, CT) is majority owner-occupied, has a large retiree population, has a median income above the national average, 49.2% of residents hold a bachelor's degree or higher.

Population
14,334
Median income
$110,596
Median age
43.5
Renters
17.6%
Age distribution
19.1%
17.8%
27.5%
13.6%
22%
Under 1819.1%
18–3417.8%
35–5427.5%
55–6413.6%
65+22%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
75.6%
White75.6%
Black3.9%
Hispanic9.7%
Asian5.1%
Other5.7%
Education (25+)
21.6%
27.2%
49.2%
No HS diploma2%
HS diploma21.6%
Some college27.2%
Bachelor's+49.2%
Housing tenure
82.4%
17.6%
Owner82.4%
Renter17.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 06416 in Cromwell, CT has changed in 5 years

Income
$94,468 → $110,596
up 17.1%
Population
14,252 → 14,334
up 0.6%
Renter share
22.1% → 17.6%
-4.5 pts
Bachelor's+
43.3% → 49.2%
+5.9 pts
Median age
42.3 → 43.5
+1.2 yrs

Census figures show median household income at $110,596 today, compared with $94,468 five years earlier. About 17.6% of households rent today, against 22.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 43.3% to 49.2%.

Community

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Local insights

Tips for renters in ZIP 06416

About renting in ZIP 06416

Last updated: July 20, 2026

ZIP code 06416 covers Cromwell, CT. The median rent here is $2,140/mo as of July 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,930/mo.

At 23% of local median household income ($110,596/yr), ZIP 06416 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 06416?

As of July 20, 2026, the median monthly rent in ZIP 06416 (Cromwell, CT) is $2,140. This is based on aggregated data from public sources and community submissions.

How does ZIP 06416 rent compare to the US average?

ZIP 06416's median rent of $2,140/mo is $175 (9%) above the US national median of $1,965/mo.

How does ZIP 06416 compare to other ZIPs in Connecticut?

ZIP 06416 falls in the middle range for Connecticut, ranking #45 out of 85 ZIPs at $2,140/mo.

How much income do you need to rent in ZIP 06416?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (~$41/hour full-time) to afford the median rent of $2,140/mo in ZIP 06416. The local median household income is $110,596/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 06416?

Rent in ZIP 06416 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 06416 an affordable place to rent?

ZIP 06416 is considered very affordable for renters. At $2,140/mo, rent takes approximately 23% of the local median household income ($110,596/yr). The standard benchmark is 30%. ZIP 06416 falls comfortably within that range.

What percentage of ZIP 06416 residents rent vs. own?

According to Census data, approximately 17.6% of ZIP 06416 households are renters, while 82.4% are owner-occupied. ZIP 06416 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 06416 compare to the rest of Cromwell?

ZIP 06416 sits right at the Cromwell citywide median of $2,140/mo.

When was rent data for ZIP 06416 last updated?

Rent data for ZIP 06416 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,140/mo, rent takes ~23% of ZIP 06416's median household income ($110,596/yr). The standard benchmark is 30%.

ZIP 06416 23%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06416 (Cromwell, CT)

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