Real Estate Investing in Chaplin, Connecticut (06235)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06235 (Chaplin, 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 Chaplin, CT (06235)?
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Market Analysis: 06235 Chaplin
The 06235 ZIP covers a section of Chaplin that demands careful diligence. Prices near $373K look accessible, but the work to make a deal cash flow is real.
The 06235 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Chaplin have seen price recovery that 06235 has not matched. Windham County data supports the view that the spread is structural rather than temporary.
Employment concentration in 06235 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 06235 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Chaplin:
Property Strategy for 06235
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $276,821 | $1,470 | 3.8% | +8.4% | $138,411 |
| 3BR | $352,254 | $1,890 | 3.9% | +8.9% | $117,418 |
| 4BR | $390,095 | $2,140 | 3.9% | +9.1% | $97,524 |
Market Trends
Home Value History (with trend line)
📊 How Does 06235 Compare?
| Metric | 06235 | Chaplin | Worcester, MA-CT | Connecticut |
|---|---|---|---|---|
| Home Value | $372,592 | $372,592 | N/A | $425,784 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 9.3% |
| Avg Rent | $1,323 | $1,323 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 06235 (Chaplin, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $372,592 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +9.1% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.8%). 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 06235
Population: 2,116
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 06235
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 1,010 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Chaplin, CT a good investment right now?
Chaplin, CT scores 3.0/5 for investability. Home values sit at $373K and rents near $1,323/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which real estate strategy fits Chaplin, CT?
The best-fit strategy in Chaplin, CT is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What monthly rent should investors expect in Chaplin, CT?
Rental rates in Chaplin, CT average $1,323/mo. Tenant demand and $373K home values make the yield look reasonable by investor standards.
How strong is the working-renter base in Chaplin, CT?
The renter base in Chaplin, CT is reasonable for the $1,323/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How much should I expect to pay for a home in Chaplin, CT?
Expect median prices around $373K in Chaplin, CT. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 06235 now. You don’t know where it ranks.
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How 06235 ranks in Worcester, MA-CT
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