ZIP Code · CT

ZIP 06460

Part of Milford, CT

Pop. 37,649·New Haven County·24th most expensive ZIP in Connecticut

Median rent (all units)

$2,512/mo

Year-over-Year

+5.7%

Month-over-Month

+0.8%

vs US Median

+$580

Reported rents

Rising (Monthly)

Be the first to discuss 06460 rents ↓

Most AffordableMost Expensive

ZIP 06460 · $2,512

More expensive than 80% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,640

1 BR

$1,900

2 BR

$2,350

3 BR

$2,900

4 BR+

$3,430

Research median

$2,350/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 06460 usually run 1.2% below trend in December and 1.2% above it in May, about $60 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 06460 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Connecticut

Rent in ZIP 06460 changed +5.7% over the year to September 2026. Across the 64 Connecticut ZIP codes Zillow tracks, the typical change was +3.7%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 06460 rose 50% while median household income rose 18.5% ($88,085 to $104,360). Rent outpaced income.

Since before the pandemic

Rent in ZIP 06460 is 59.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($104,360) is $2,609 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,350); a 3-bedroom is $2,900.

Cheaper nearby

ZIP 06610, 6 miles away, rents for 20% less ($2,022/mo), about $5,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 06460. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$30,144/yr

At $2,512/mo median

Location

CityMilford

StateCT

CountyNew Haven County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.7% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 06460 (Milford, 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

37,649

Median income

$104,360

Median age

47.8

Renters

28.8%

Age distribution

16.6%

18.6%

25.4%

16%

23.4%

Under 1816.6%

18–3418.6%

35–5425.4%

55–6416%

65+23.4%

Gender

47.5%

52.5%

Male47.5%

Female52.5%

Race & ethnicity

84.1%

White84.1%

Black3.5%

Hispanic8.6%

Asian2.9%

Other0.9%

Education (25+)

26%

21.4%

49.2%

No HS diploma3.3%

HS diploma26%

Some college21.4%

Bachelor's+49.2%

Housing tenure

71.2%

28.8%

Owner71.2%

Renter28.8%

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

2021 vs 2026

How ZIP 06460 in Milford, CT has changed in 5 years

Rent

$1,708 → $2,512

up 47.1%

Income

$90,166 → $104,360

up 15.7%

Population

37,309 → 37,649

up 0.9%

Renter share

29% → 28.8%

-0.2 pts

Bachelor's+

46.9% → 49.2%

+2.3 pts

Median age

46.4 → 47.8

+1.4 yrs

Since 2021, the typical rent in ZIP 06460 in Milford, CT has climbed from $1,708 to $2,512, a 47.1% change over five years. Census figures show median household income at $104,360 today, compared with $90,166 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 49.2% of adults here, versus 46.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about ZIP 06460

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 06460

About renting in ZIP 06460

Last updated: October 17, 2026

ZIP code 06460 covers Milford, CT. The median rent here is $2,512/mo as of October 2026. A 1-bedroom rents for a median of $1,900/mo. A 2-bedroom rents for a median of $2,350/mo.

At 29% of local median household income ($104,360/yr), ZIP 06460 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 06460?

To keep rent at or below 30% of gross income, you would need to earn at least $100,000/year (about $48/hour full-time) to afford the median rent of $2,512/mo in ZIP 06460. The local median household income is $104,360/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 06460?

Rent in ZIP 06460 has risen 5.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 06460?

Asking rents in ZIP 06460 are usually lowest in December, about 1.2% below their yearly trend, and highest in May, about 1.2% above it. At today's median that is a gap of roughly $60 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 06460?

Yes. From 2019 to 2024, rent in ZIP 06460 rose 50% while median household income rose 18.5%, from $88,085 to $104,360. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 06460 compare to other ZIPs in Connecticut?

ZIP 06460 is one of the pricier among Connecticut ZIP codes for rent, ranking #24 of 83 at $2,512/mo. Over the year to September 2026, rent in ZIP 06460 changed +5.7%, against a typical +3.7% across the 64 Connecticut ZIP codes Zillow tracks.