Real Estate Investing in Griswold, Connecticut (06351)
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Should you buy in 06351 (Griswold, CT)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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.
What’s happening in Griswold, CT (06351)?
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Market Analysis: 06351 Griswold
ZIP 06351 in Griswold, CT carries a sturdy set of headwinds. Home values near $374K and rents of $2,358/mo sit inside a market where underwriting has to be tight.
Rent of $2,358/mo on a $374K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 06351 sits below the stated 0.0% once reality is priced in.
Regionally, 06351 sits on the difficult end of the CT spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 06351 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 06351 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 Griswold:
Property Strategy for 06351
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $233,144 | $1,290 | 4.0% | +8.4% | $233,144 |
| 2BR | $274,368 | $1,610 | 4.2% | +9.8% | $137,184 |
| 3BR | $361,418 | $2,080 | 4.1% | +8.9% | $120,473 |
| 4BR | $443,628 | $2,580 | 4.2% | +9.0% | $110,907 |
| 5BR | $454,126 | — | — | +8.7% | $90,825 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06351 Compare?
| Metric | 06351 | Griswold | Norwich-New London, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $373,778 | $373,778 | N/A | $425,784 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 9.3% |
| Avg Rent | $2,358 | $2,358 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06351 (Griswold, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $373,778 |
| Monthly Rent | $2,358 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (4.9%). 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 06351
Population: 15,697
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 06351
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.
Frequently Asked Questions
How tight is the rental market in Griswold, CT?
Vacancy risk in Griswold, CT is elevated. That supports consistent cash flow for typical rental holds.
What is the typical home price in Griswold, CT?
Homes in Griswold, CT typically sell near $374K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What is the average monthly rent in Griswold, CT?
Rent in Griswold, CT is around $2,358/mo. The resulting rent-to-value relationship with $374K pricing is reasonable for most investor models.
How should investors approach Griswold, CT?
Most investors in Griswold, 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.
Should investors consider Griswold, CT?
The 3.0/5 investability rating in Griswold, CT reflects its $374K prices and $2,358/mo rents. Investors generally consider it a solid option within CT.
You know 06351 now. You don’t know where it ranks.
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How 06351 ranks in Norwich-New London, CT
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