Zip codes with the fastest growing rent in Connecticut

Written by:
March 24, 2021
realtor.com

Zip codes with the fastest growing rent in Connecticut

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Connecticut using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in Connecticut

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Connecticut using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#27. 06901 (Stamford)

- 1 year rent change: -2.8%
--- #1 fastest falling rent among zip codes in Stamford, CT metro
- 5 year rent change: -2.1%
- Typical rent: $2,214
--- 1.2% less than typical rent in Stamford, CT metro

- Pictured (for rent): 184 Summer St, Stamford 06901 ($4,669)

#26. 06107 (West Hartford)

- 1 year rent change: -1.3%
--- #1 fastest falling rent among zip codes in Hartford, CT metro
- 5 year rent change: +8.0%
- Typical rent: $1,856
--- 30.8% above typical rent in Hartford, CT metro

- Pictured (for rent): 1248-1260 Farmington Ave, West Hartford 06107 ($1,960)

#25. 06105 (Hartford)

- 1 year rent change: -0.2%
--- #2 fastest falling rent among zip codes in Hartford, CT metro
- 5 year rent change: +4.4%
- Typical rent: $1,115
--- 21.4% less than typical rent in Hartford, CT metro

- Pictured (for rent): 270 Laurel St, Hartford 06105 ($1,400)

#24. 06902 (Stamford)

- 1 year rent change: +0.5%
--- #12 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +3.9%
- Typical rent: $2,361
--- 5.4% above typical rent in Stamford, CT metro

- Pictured (for rent): 112 Southfield Ave, Stamford 06902 ($3,060)

#23. 06710 (Waterbury)

- 1 year rent change: +1.0%
--- #8 fastest growing rent among zip codes in New Haven, CT metro
- 5 year rent change: +9.6%
- Typical rent: $892
--- 41.5% less than typical rent in New Haven, CT metro

- Pictured (for rent): 669 Waterville St, Waterbury 06710 ($1,250)

#22. 06906 (Stamford)

- 1 year rent change: +1.4%
--- #11 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +7.6%
- Typical rent: $2,012
--- 10.2% less than typical rent in Stamford, CT metro

- Pictured (for rent): 504-508 Glenbrook Rd, Stamford 06906 ($2,850)

#21. 06119 (West Hartford)

- 1 year rent change: +1.4%
--- #4 fastest growing rent among zip codes in Hartford, CT metro
- 5 year rent change: +13.6%
- Typical rent: $1,521
--- 7.2% above typical rent in Hartford, CT metro

- Pictured (for rent): 100 Kane St, West Hartford 06119 ($1,295)

#20. 06905 (Stamford)

- 1 year rent change: +1.8%
--- #10 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +4.1%
- Typical rent: $2,428
--- 8.4% above typical rent in Stamford, CT metro

- Pictured (for rent): 1425-1435 Bedford St, Stamford 06905 ($2,430)

#19. 06606 (Bridgeport)

- 1 year rent change: +1.9%
--- #9 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +16.4%
- Typical rent: $1,966
--- 12.2% less than typical rent in Stamford, CT metro

- Pictured (for rent): 150 Anton St, Bridgeport 06606 ($1,400)

#18. 06511 (New Haven)

- 1 year rent change: +2.8%
--- #7 fastest growing rent among zip codes in New Haven, CT metro
- 5 year rent change: +13.6%
- Typical rent: $1,675
--- 9.9% above typical rent in New Haven, CT metro

- Pictured (for rent): 66 Norton St, New Haven 06511 ($1,695)

#17. 06010 (Bristol)

- 1 year rent change: +2.8%
--- #3 fastest growing rent among zip codes in Hartford, CT metro
- 5 year rent change: +14.7%
- Typical rent: $1,115
--- 21.4% less than typical rent in Hartford, CT metro

- Pictured (for rent): 200 Blakeslee St, Bristol 06010 ($1,632)

#16. 06516 (West Haven)

- 1 year rent change: +3.2%
--- #6 fastest growing rent among zip codes in New Haven, CT metro
- 5 year rent change: +17.0%
- Typical rent: $1,513
--- 0.7% less than typical rent in New Haven, CT metro

- Pictured (for rent): 278 Main St, West Haven 06516 ($1,555)

#15. 06106 (Hartford)

- 1 year rent change: +3.8%
--- #2 fastest growing rent among zip codes in Hartford, CT metro
- 5 year rent change: +13.2%
- Typical rent: $1,161
--- 18.2% less than typical rent in Hartford, CT metro

- Pictured (for rent): 24 Park Pl, Hartford 06106 ($1,580)

#14. 06854 (Norwalk)

- 1 year rent change: +5.0%
--- #8 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +14.2%
- Typical rent: $1,846
--- 17.6% less than typical rent in Stamford, CT metro

- Pictured (for rent): 1 Bates Ct, Norwalk 06854 ($2,445)

#13. 06851 (Norwalk)

- 1 year rent change: +5.2%
--- #7 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +9.1%
- Typical rent: $2,245
--- 0.2% above typical rent in Stamford, CT metro

- Pictured (for rent): 399 Main Ave, Norwalk 06851 ($3,769)

#12. 06810 (Danbury)

- 1 year rent change: +5.2%
--- #6 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +23.8%
- Typical rent: $1,771
--- 20.9% less than typical rent in Stamford, CT metro

- Pictured (for rent): 1 Kennedy Ave, Danbury 06810 ($3,070)

#11. 06515 (New Haven)

- 1 year rent change: +5.5%
--- #5 fastest growing rent among zip codes in New Haven, CT metro
- 5 year rent change: +14.2%
- Typical rent: $1,296
--- 15.0% less than typical rent in New Haven, CT metro

- Pictured (for rent): 216 Fountain St, New Haven 06515 ($2,470)

#10. 06492 (Wallingford)

- 1 year rent change: +6.6%
--- #4 fastest growing rent among zip codes in New Haven, CT metro
- 5 year rent change: +19.7%
- Typical rent: $1,269
--- 16.7% less than typical rent in New Haven, CT metro

- Pictured (for rent): 53 Parker St, Wallingford 06492 ($2,000)

#9. 06705 (Waterbury)

- 1 year rent change: +6.9%
--- #3 fastest growing rent among zip codes in New Haven, CT metro
- 5 year rent change: +17.6%
- Typical rent: $1,087
--- 28.7% less than typical rent in New Haven, CT metro

- Pictured (for rent): 37 Sharon Rd, Waterbury 06705 ($1,550)

#8. 06040 (Manchester)

- 1 year rent change: +6.9%
--- #1 fastest growing rent among zip codes in Hartford, CT metro
- 5 year rent change: +16.0%
- Typical rent: $1,405
--- 1.0% less than typical rent in Hartford, CT metro

- Pictured (for rent): 91 Elm St, Manchester 06040 ($1,890)

#7. 06850 (Norwalk)

- 1 year rent change: +6.9%
--- #5 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +23.4%
- Typical rent: $2,080
--- 7.1% less than typical rent in Stamford, CT metro

- Pictured (for rent): 150 Glover Ave, Norwalk 06850 ($3,125)

#6. 06830 (Greenwich)

- 1 year rent change: +8.7%
--- #4 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +17.2%
- Typical rent: $3,786
--- 69.0% above typical rent in Stamford, CT metro

- Pictured (for rent): 31 Putnam Grn, Greenwich 06830 ($5,075)

#5. 06460 (Milford)

- 1 year rent change: +8.9%
--- #2 fastest growing rent among zip codes in New Haven, CT metro
- 5 year rent change: +17.1%
- Typical rent: $1,826
--- 19.8% above typical rent in New Haven, CT metro

- Pictured (for rent): 3-5 Schooner Ln, Milford 06460 ($1,801)

#4. 06708 (Waterbury)

- 1 year rent change: +9.0%
--- #1 fastest growing rent among zip codes in New Haven, CT metro
- 5 year rent change: +25.5%
- Typical rent: $1,009
--- 33.8% less than typical rent in New Haven, CT metro

- Pictured (for rent): 1243 W Main St, Waterbury 06708 ($1,800)

#3. 06615 (Stratford)

- 1 year rent change: +10.4%
--- #3 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +14.5%
- Typical rent: $1,734
--- 22.6% less than typical rent in Stamford, CT metro

- Pictured (for rent): 1111 Stratford Ave, Stratford 06615 ($2,430)

#2. 06811 (Danbury)

- 1 year rent change: +16.4%
--- #2 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +29.7%
- Typical rent: $1,665
--- 25.7% less than typical rent in Stamford, CT metro

- Pictured (for rent): 10 Clapboard Ridge Rd, Danbury 06811 ($1,779)

#1. 06880 (Westport)

- 1 year rent change: +18.0%
--- #1 fastest growing rent among zip codes in Stamford, CT metro
- 5 year rent change: +28.9%
- Typical rent: $4,390
--- 96.0% above typical rent in Stamford, CT metro

- Pictured (for rent): 793 Post Rd E, Westport 06880 ($2,295)

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