Real Estate Investing in Bloomfield, Connecticut (06002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06002 (Bloomfield, CT)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
No major risk flags on the data we track.
What’s happening in Bloomfield, CT (06002)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06002 Bloomfield
This part of Hartford County is not an easy win. The 06002 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 06002 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Bloomfield have seen price recovery that 06002 has not matched. Hartford County data supports the view that the spread is structural rather than temporary.
Resident income in 06002 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Bloomfield's stable or hybrid ZIPs before stepping into 06002. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bloomfield:
Property Strategy for 06002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $269,491 | $2,370 | 6.3% | +10.3% | $134,746 |
| 3BR | $342,304 | $2,840 | 6.0% | +9.9% | $114,101 |
| 4BR | $417,181 | $3,220 | 5.6% | +10.0% | $104,295 |
| 5BR | $456,507 | — | — | +9.7% | $91,301 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06002 Compare?
| Metric | 06002 | Bloomfield | Hartford-East Hartford-Middletown, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $367,348 | $367,348 | N/A | $425,784 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 9.3% |
| Avg Rent | $2,492 | $2,492 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06002 (Bloomfield, CT). Anonymous, moderated, never written by AI.
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Property managers serving Hartford County
Manage rentals here? List your business →AMF Property Management Corporation provides property management services. summary from their website
Evolution Property Management is committed to client success. summary from their website
Metro Property Management LLC offers full-service property and facilities management for residential, commercial, and condo associations in Connecticut. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $367,348 |
| Monthly Rent | $2,492 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 13.9% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 06002
Population: 21,547
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 06002
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 9,597 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Bloomfield, CT?
Homes in Bloomfield, CT typically sell near $367K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How does Bloomfield, CT stack up for property investment?
Yes - Bloomfield, CT a 3.0/5 investability score. With $367K home prices against $2,492/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Bloomfield, CT a friendly market for rental owners?
For rental operators, Bloomfield, CT rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Does house hacking work in Bloomfield, CT?
House hacking works a challenging in Bloomfield, CT. Rents of $2,492/mo against $367K acquisition make the strategy solid for owner-occupants.
What type of investing works in Bloomfield, CT?
Investors usually favor careful cash-flow rentals with hands-on management in Bloomfield, CT. With home values at $367K and rents near $2,492/mo, other strategies can work but produce predictable rather than outsized returns.
You know 06002 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06002 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 06002 ranks in Hartford-East Hartford-Middletown, CT
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