Real Estate Investing in Lebanon, Connecticut (06249)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06249 (Lebanon, 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.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lebanon, CT (06249)?
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Market Analysis: 06249 Lebanon
ZIP 06249 in Lebanon, CT carries a robust set of headwinds. Home values near $432K and rents of $1,701/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 06249 can be a worth a close look for hunting ground — but the discount at $432K reflects genuine risk that outside investors often underestimate.
ZIP 06249's metrics run below New London County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 06249 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. impressive returns are possible in 06249, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lebanon:
Property Strategy for 06249
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $331,406 | $1,890 | 4.1% | +11.1% | $165,703 |
| 3BR | $401,212 | $2,440 | 4.4% | +10.5% | $133,737 |
| 4BR | $490,369 | $3,030 | 4.4% | +10.6% | $122,592 |
| 5BR | $520,254 | — | — | +9.9% | $104,051 |
Market Trends
Home Value History (with trend line)
📊 How Does 06249 Compare?
| Metric | 06249 | Lebanon | Norwich-New London, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $431,641 | $431,641 | N/A | $425,784 |
| 5-Year CAGR | 8.8% | 8.8% | N/A | 9.3% |
| Avg Rent | $1,701 | $1,701 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 06249 (Lebanon, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $431,641 |
| Monthly Rent | $1,701 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +8.8% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.1%). 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 06249
Population: 7,137
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 06249
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
What investment strategy works best in Lebanon, CT?
Most investors in Lebanon, 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.
What do landlords charge for rent in Lebanon, CT?
Expect rents around $1,701/mo per month in Lebanon, CT. With home values at $432K, the yield math works out to reasonable levels for rental investors.
What is the renter demographic in Lebanon, CT?
Tenant quality in Lebanon, CT ranks as solid. Landlords generally report measured occupancy at market rents of $1,701/mo.
How high is vacancy risk in Lebanon, CT?
Vacancy risk in Lebanon, CT is elevated. That supports stable cash flow for typical rental holds.
Is Lebanon, CT good for landlords?
Lebanon, CT falls under CT landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 06249 now. You don’t know where it ranks.
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How 06249 ranks in Norwich-New London, CT
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