Real Estate Investing in Canterbury, Connecticut (06331)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06331 (Canterbury, 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 Canterbury, CT (06331)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06331 Canterbury
Investors eyeing 06331 need to respect the fundamentals at play. Home values of $420K come alongside slower price movement and elevated management overhead.
For an experienced owner, 06331 can be a worth a close look for hunting ground — but the discount at $420K reflects genuine risk that outside investors often underestimate.
ZIP 06331's metrics run below Windham County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 06331 includes headwinds that any investor should price in. Income distribution skews lower than Canterbury averages, and tenant stability requires active management.
New investors are better served looking at Canterbury's stable or hybrid ZIPs before stepping into 06331. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Canterbury:
Property Strategy for 06331
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $335,728 | $1,680 | 3.6% | +9.1% | $167,864 |
| 3BR | $391,718 | $2,160 | 4.0% | +9.2% | $130,573 |
| 4BR | $444,897 | $2,520 | 4.1% | +9.5% | $111,224 |
Market Trends
Home Value History (with trend line)
📊 How Does 06331 Compare?
| Metric | 06331 | Canterbury | Worcester, MA-CT | Connecticut |
|---|---|---|---|---|
| Home Value | $419,859 | $419,859 | N/A | $425,784 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 9.3% |
| Avg Rent | $1,512 | $1,512 | 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 06331 (Canterbury, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $419,859 |
| Monthly Rent | $1,512 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 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 (2.8%). 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 06331
Population: 5,102
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 06331
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
Are rents high in Canterbury, CT?
Canterbury, CT rentals go for roughly $1,512/mo a month. That puts gross yield in solid territory relative to $420K acquisition costs.
What is the best play in Canterbury, CT?
Canterbury, CT investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($420K prices, $1,512/mo rents) make it a reasonable choice.
Is Canterbury, CT a good place for real estate investing?
Yes - Canterbury, CT a 3.0/5 investability score. With $420K home prices against $1,512/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does house hacking work in Canterbury, CT?
House hacking in Canterbury, CT is reasonable to execute. Prices around $420K and rents of $1,512/mo solid owner-occupant economics.
How tight is the rental market in Canterbury, CT?
Canterbury, CT carries elevated vacancy risk. Expect predictable absorption at market rents of $1,512/mo.
You know 06331 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06331 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 06331 ranks in Worcester, MA-CT
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