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Housing market/Connecticut/ZIP 06355

ACS 2023 · FY2027 SAFMR

ZIP 06355 Mystic, Connecticut

Norwich-New London-Willimantic, CT MSA · Connecticut. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
12,223
Households
5,393
Median HH income
$132,367
Renter share
17.8%
Median gross rent
$1,722
Vacancy
11.6%
Pop. change
-1.7%
2BR SAFMR
$2,350
SAFMR / rent
1.365×
2–49 unit stock
664
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 06355 · CT — sent to you.

ZIP 06355 · CT

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ACS rent vs 2BR SAFMR

ZIP 06355 — Mystic, CT HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,722
2BR SAFMR$2,350
90% floor$2,115
110% ceiling$2,585

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 06355

  • 1-unit detached4,68577.0%
  • 1-unit attached2864.7%
  • 2–4 units4797.9%
  • 5–49 units1853.0%
  • 50+ units2864.7%
  • Mobile1652.7%
TypeUnitsShare
1-unit detached4,68576.8%
1-unit attached2864.7%
2 units (duplex)2974.9%
3–4 units1823.0%
5–9 units410.7%
10–19 units510.8%
20–49 units931.5%
50+ units2864.7%
Mobile1652.7%

2–4 unit share 7.9% · 5–49 unit share 3.0% · combined 2–49 10.9%.

Units by bedrooms

Studio
69
1BR
562
2BR
1,203
3BR
2,781
4BR
1,168
5+
316

Rent burden

Rent ≥30% of income36.1%
Rent ≥50% of income20.9%
  • ACS median gross rent $1,722 (all bedrooms, occupied rentals).
  • Median contract rent $1,560.
  • Renters paying ≥30% of income 36.1%; ≥50% 20.9%.
  • FY2027 2BR SAFMR $2,350 (1.365× ACS median gross rent).

Population

12,223 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

What the data shows

ZIP 06355 17.8% of occupied households are renters; vacancy is 11.6%; ACS median gross rent is $1,722; population changed -1.7% between the 2018 and 2023 ACS vintages; the housing stock includes 479 units in 2–4-unit structures and 185 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,350 versus ACS median gross rent of $1,722. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Connecticut research

ZIP 06355 is a Census / HUD profile for Norwich-New London-Willimantic, CT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 06355 — Mystic, CT HUD Section 8 Payment Standards / SAFMR·Connecticut ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
06226Norwich-New London-Willimantic, CT MSA65.2%$1,084$1,73006231Norwich-New London-Willimantic, CT MSA7.5%$1,553$1,85006249Norwich-New London-Willimantic, CT MSA16.5%$1,449$2,05006254Norwich-New London-Willimantic, CT MSA14.3%$700$1,68006266Norwich-New London-Willimantic, CT MSA30.1%—$2,07006320Norwich-New London-Willimantic, CT MSA60.0%$1,304$1,91006333Norwich-New London-Willimantic, CT MSA23.7%$1,722$2,28006334Norwich-New London-Willimantic, CT MSA15.1%$1,371$1,85006335Norwich-New London-Willimantic, CT MSA16.7%$1,893$2,47006336Norwich-New London-Willimantic, CT MSA0.0%—$1,91006338Norwich-New London-Willimantic, CT MSA0.0%—$1,86006339Norwich-New London-Willimantic, CT MSA11.9%$1,242$1,860

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Connecticut research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 06355?

ZIP 06355 (Norwich-New London-Willimantic, CT MSA) has 12,223 residents, 5,393 households, a renter share of 17.8%, median household income of $132,367, and ACS 2023 median gross rent of $1,722. Vacancy is 11.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 06355?

ACS counts 297 units in 2-unit buildings, 182 in 3–4 unit buildings, 41 in 5–9, 51 in 10–19, and 93 in 20–49. Combined 2–49 unit stock is 664 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 06355?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,350. See the full schedule and 90–110% payment-standard band on the ZIP 06355 — Mystic, CT HUD Section 8 Payment Standards / SAFMR.

Does this Connecticut ZIP profile include Georgia listings?

No. ZIP 06355 is Census / HUD research for Norwich-New London-Willimantic, CT MSA. Jeff Crowe CRE does not list Connecticut property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.