Real Estate Investing in Franklin, Connecticut (06254)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06254 (Franklin, 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.
- High price-to-rent: Price-to-rent ratio 26.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Franklin, CT (06254)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06254 Franklin
ZIP 06254 in Franklin, CT carries a robust set of headwinds. Home values near $424K and rents of $1,323/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 06254 can be a an appealing option for hunting ground — but the discount at $424K reflects genuine risk that outside investors often underestimate.
ZIP 06254'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.
Demographically, 06254 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.
Distressed ZIPs reward experience. substantial returns are possible in 06254, 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 Franklin:
Property Strategy for 06254
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $323,519 | $1,470 | 3.3% | +9.7% | $161,759 |
| 3BR | $384,328 | $1,900 | 3.6% | +9.3% | $128,109 |
| 4BR | $438,366 | $2,460 | 4.0% | +9.7% | $109,592 |
Market Trends
Home Value History (with trend line)
📊 How Does 06254 Compare?
| Metric | 06254 | Franklin | Norwich-New London, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $423,752 | $423,752 | N/A | $425,784 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 9.3% |
| Avg Rent | $1,323 | $1,323 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 06254 (Franklin, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $423,752 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.4%). 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 06254
Population: 1,925
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 06254
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
How much is rent in Franklin, CT?
Franklin, CT rentals go for roughly $1,323/mo a month. That puts gross yield in solid territory relative to $424K acquisition costs.
How should investors approach Franklin, CT?
In Franklin, CT the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $424K prices and $1,323/mo rents suits that approach.
Is Franklin, CT a good market for buy-and-hold investors?
Investors tracking Franklin, CT will find a 3.0/5 rating supported by $424K median home values and $1,323/mo rents. That profile suits long-term holders targeting even-keeled returns.
Can I house hack in Franklin, CT?
Franklin, CT is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $424K price point reasonable to enter.
What is the rental occupancy rate in Franklin, CT?
Occupancy in Franklin, CT runs consistent with elevated vacancy. Well-priced units at $1,323/mo lease on reasonable timelines.
You know 06254 now. You don’t know where it ranks.
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How 06254 ranks in Norwich-New London, CT
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