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ZIP Code · CT

ZIP 06514

Part of Hamden, CT
Pop. 26,803·New Haven County·50th most expensive ZIP in Connecticut
Median rent (all units)
$2,035/mo
Year-over-Year
-3.1%
Month-over-Month
-5.4%
vs US Median
+$70
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 06514 · $2,035
More expensive than 62% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,510
1 BR
$1,750
2 BR
$2,160
3 BR
$2,670
4 BR+
$3,150
Research median
$2,160/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
$24,420/yr
At $2,035/mo median
Location
CityHamden
StateCT
CountyNew Haven County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 3.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-3.1% YoY, -5.4% MoM), not inventory.
Demographics

Who lives here

ZIP 06514 (Hamden, CT) is majority owner-occupied, 43.5% of residents hold a bachelor's degree or higher.

Population
26,803
Median income
$88,900
Median age
39.4
Renters
38.7%
Age distribution
20.1%
24.5%
26.1%
13.6%
15.7%
Under 1820.1%
18–3424.5%
35–5426.1%
55–6413.6%
65+15.7%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
44%
36.6%
13.2%
White44%
Black36.6%
Hispanic13.2%
Asian3.6%
Other2.7%
Education (25+)
30%
20.2%
43.5%
No HS diploma6.3%
HS diploma30%
Some college20.2%
Bachelor's+43.5%
Housing tenure
61.3%
38.7%
Owner61.3%
Renter38.7%

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

2021 vs 2026

How ZIP 06514 in Hamden, CT has changed in 5 years

Income
$75,800 → $88,900
up 17.3%
Population
26,710 → 26,803
up 0.3%
Renter share
36.6% → 38.7%
+2.1 pts
Bachelor's+
40.7% → 43.5%
+2.8 pts
Median age
38.3 → 39.4
+1.1 yrs

Local incomes tracked alongside that move, going from a median of $75,800 in 2021 to $88,900 more recently. Renters now make up 38.7% of households, compared with 36.6% five years ago. College-educated residents now make up 43.5% of adults here, versus 40.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 06514

About renting in ZIP 06514

Last updated: July 20, 2026

ZIP code 06514 covers Hamden, CT. The median rent here is $2,035/mo as of July 2026. A 1-bedroom rents for a median of $1,750/mo. A 2-bedroom rents for a median of $2,160/mo.

At 27% of local median household income ($88,900/yr), ZIP 06514 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 06514?

As of July 20, 2026, the median monthly rent in ZIP 06514 (Hamden, CT) is $2,035. This is based on aggregated data from public sources and community submissions.

How does ZIP 06514 rent compare to the US average?

ZIP 06514's median rent of $2,035/mo is $70 (4%) above the US national median of $1,965/mo.

How does ZIP 06514 compare to other ZIPs in Connecticut?

ZIP 06514 falls in the middle range for Connecticut, ranking #50 out of 85 ZIPs at $2,035/mo.

How much income do you need to rent in ZIP 06514?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,035/mo in ZIP 06514. The local median household income is $88,900/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 06514?

Rent in ZIP 06514 has decreased 3.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 06514 an affordable place to rent?

ZIP 06514 is considered affordable for renters. At $2,035/mo, rent takes approximately 27% of the local median household income ($88,900/yr). The standard benchmark is 30%. ZIP 06514 falls comfortably within that range.

What percentage of ZIP 06514 residents rent vs. own?

According to Census data, approximately 38.7% of ZIP 06514 households are renters, while 61.3% are owner-occupied. ZIP 06514 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 06514 compare to the rest of Hamden?

ZIP 06514 is more affordable than Hamden overall. At $2,035/mo, it's $190 below the Hamden citywide median of $2,225/mo.

When was rent data for ZIP 06514 last updated?

Rent data for ZIP 06514 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $2,035/mo, rent takes ~27% of ZIP 06514's median household income ($88,900/yr). The standard benchmark is 30%.

ZIP 06514 27%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06514 (Hamden, CT)

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