Real Estate Investing in Colebrook, Connecticut (06021)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06021 (Colebrook, CT)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Colebrook, CT (06021)?
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Market Analysis: 06021 Colebrook
The 06021 ZIP in Colebrook, CT is a local-operator market. Outside capital chasing a $433K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $433K purchase price, 0.0% nominal cap — the work to hit that pro forma in 06021 is substantial and deserves full respect.
On the rental side, 06021 offers a low basis, the region around Colebrook has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 06021 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 06021 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Colebrook:
Property Strategy for 06021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $321,930 | $1,860 | 4.2% | +10.0% | $160,965 |
| 3BR | $418,292 | $2,400 | 4.1% | +10.1% | $139,431 |
| 4BR | $529,704 | $2,700 | 3.7% | +9.6% | $132,426 |
Market Trends
Home Value History (with trend line)
📊 How Does 06021 Compare?
| Metric | 06021 | Colebrook | Torrington, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $432,799 | $432,799 | N/A | $425,784 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 9.3% |
| Avg Rent | $1,674 | $1,674 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06021 (Colebrook, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $432,799 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.0%). 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 06021
Population: 1,463
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 06021
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.
Frequently Asked Questions
What investment strategy works best in Colebrook, CT?
Most investors in Colebrook, CT run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Does Colebrook, CT favor landlords or tenants?
Colebrook, CT operates under CT law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What are vacancy rates like in Colebrook, CT?
Vacancy in Colebrook, CT is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,674/mo.
How deep is the rental pool in Colebrook, CT?
The tenant pool in Colebrook, CT is solid, supported by local employment and population fundamentals. Rents of $1,674/mo are well-absorbed by the market.
How does Colebrook, CT stack up for property investment?
Yes - Colebrook, CT a 3.0/5 investability score. With $433K home prices against $1,674/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 06021 now. You don’t know where it ranks.
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How 06021 ranks in Torrington, CT
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