Housing market/Connecticut/ZIP 06850

ACS 2023 · FY2027 SAFMR

ZIP 06850 Norwalk, Connecticut

Bridgeport-Stamford-Danbury, 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
19,774
Households
7,884
Median HH income
$121,910
Renter share
45.1%
Median gross rent
$2,283
Vacancy
7.8%
Pop. change
+8.9%
2BR SAFMR
$2,670
SAFMR / rent
1.170×
2–49 unit stock
2,586
LIHTC proj / units
1 / 18
HUD assisted MF
3 / 106

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 06850 · CT — sent to you.

ZIP 06850 · CT

ACS median rent$2,283
2BR SAFMR$2,670
90% floor$2,403
110% ceiling$2,937

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

Housing stock

ACS 2023 units-in-structure · ZCTA 06850

  • 1-unit detached3,99246.7%
  • 1-unit attached4204.9%
  • 2–4 units99911.7%
  • 5–49 units1,58718.6%
  • 50+ units1,55018.1%
TypeUnitsShare
1-unit detached3,99246.7%
1-unit attached4204.9%
2 units (duplex)4415.2%
3–4 units5586.5%
5–9 units4665.4%
10–19 units4925.8%
20–49 units6297.4%
50+ units1,55018.1%
Mobile00.0%

2–4 unit share 11.7% · 5–49 unit share 18.5% · combined 2–49 30.2%.

Units by bedrooms

Studio
149
1BR
2,040
2BR
2,208
3BR
2,006
4BR
1,789
5+
364

Rent burden

Rent ≥30% of income40.6%
Rent ≥50% of income25.1%
  • ACS median gross rent $2,283 (all bedrooms, occupied rentals).
  • Median contract rent $2,112.
  • Renters paying ≥30% of income 40.6%; ≥50% 25.1%.
  • FY2027 2BR SAFMR $2,670 (1.170× ACS median gross rent).

Population

19,774 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +8.9%.

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

Assisted inventory

  • LIHTC: 1 projects, 18 units.
  • HUD project-based assisted MF: 3 properties, 106 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

What the data shows

ZIP 06850 45.1% of occupied households are renters; vacancy is 7.8%; ACS median gross rent is $2,283; population increased +8.9% between the 2018 and 2023 ACS vintages; the housing stock includes 999 units in 2–4-unit structures and 1,587 units in 5–49-unit structures; 1 LIHTC projects totaling 18 units; FY2027 2BR SAFMR is $2,670 versus ACS median gross rent of $2,283. 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 06850 is a Census / HUD profile for Bridgeport-Stamford-Danbury, CT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

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 06850?

ZIP 06850 (Bridgeport-Stamford-Danbury, CT MSA) has 19,774 residents, 7,884 households, a renter share of 45.1%, median household income of $121,910, and ACS 2023 median gross rent of $2,283. Vacancy is 7.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 06850?

ACS counts 441 units in 2-unit buildings, 558 in 3–4 unit buildings, 466 in 5–9, 492 in 10–19, and 629 in 20–49. Combined 2–49 unit stock is 2,586 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 06850?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,670. See the full schedule and 90–110% payment-standard band on the ZIP 06850 — Norwalk, CT HUD Section 8 Payment Standards / SAFMR.

Does this Connecticut ZIP profile include Georgia listings?

No. ZIP 06850 is Census / HUD research for Bridgeport-Stamford-Danbury, 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.