Welcome to our 6420 real estate data hub, tailored for investors in Salem, CT. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 6420 in Salem, CT. Discover Section 8 housing opportunities and challenges to maximize your investment potential in NEW LONDON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Salem, CT real estate investing. Uncover the wealth of information available, and position yourself for success in the Salem property market.
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Location Overview
- Zip Code: 6420
- City: Salem
- State: CT
- Metro Area: Norwich-New London, CT
- County Name: NEW LONDON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $367,634
- Average Home Price (Single Family Homes): $377,673
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 0.6%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,680
- Average 3 Bedroom Section 8 Rental Rates: $2,180
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.24
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.05
- Number of Units Offered in Section 8 in the County: 2669
- Number of Occupied Units in Section 8 in the County: 2602
- Percentage of Section 8 Units Occupied in the County: 97.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 95.02
- Total % Appreciation since 2000 (Government Data): 80.24
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.27%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.44%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.61%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 40.96%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 59.57%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.42%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 79.21%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%