Real Estate Investing in Ellington, Connecticut (06029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06029 (Ellington, CT)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ellington, CT (06029)?
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Market Analysis: 06029 Ellington
This part of Tolland County is not an easy win. The 06029 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $2,034/mo on a $451K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 06029 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Ellington have seen price recovery that 06029 has not matched. Tolland County data supports the view that the spread is structural rather than temporary.
The demographic picture in 06029 includes headwinds that any investor should price in. Income distribution skews lower than Ellington averages, and tenant stability requires active management.
The right play in 06029 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Ellington:
Property Strategy for 06029
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $191,197 | $1,790 | 6.7% | +12.6% | $191,197 |
| 2BR | $324,551 | $2,260 | 5.0% | +9.5% | $162,276 |
| 3BR | $411,455 | $2,710 | 4.7% | +9.0% | $137,152 |
| 4BR | $533,505 | $3,070 | 4.1% | +8.9% | $133,376 |
| 5BR | $610,095 | — | — | +8.6% | $122,019 |
Market Trends
Home Value History (with trend line)
📊 How Does 06029 Compare?
| Metric | 06029 | Ellington | Hartford-East Hartford-Middletown, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $450,925 | $450,925 | N/A | $425,784 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 9.3% |
| Avg Rent | $2,034 | $2,034 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 06029 (Ellington, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $450,925 |
| Monthly Rent | $2,034 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (3.5%). 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 06029
Population: 16,571
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 06029
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 903 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Ellington, CT a friendly market for rental owners?
Landlord-friendliness in Ellington, CT is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How deep is the rental pool in Ellington, CT?
Ellington, CT offers a predictable renter base at the $2,034/mo rent level. Tenant turnover is reasonable for well-managed properties.
Which investment style suits Ellington, CT?
For Ellington, CT, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How does Ellington, CT stack up for property investment?
Ellington, CT rates 3.0/5 for investability. With median values at $451K and rents near $2,034/mo, the market offers reasonable fundamentals for rental investors.
How much is rent in Ellington, CT?
Investors in Ellington, CT typically see rents near $2,034/mo per month against $451K home values - a solid setup for rental cash flow.
You know 06029 now. You don’t know where it ranks.
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How 06029 ranks in Hartford-East Hartford-Middletown, CT
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