Real Estate Investing in Groton, Connecticut (06355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06355 (Groton, 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.
- High vacancy: 12.2% of homes vacant — above national norms.
What’s happening in Groton, CT (06355)?
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Market Analysis: 06355 Groton
The 06355 ZIP covers a section of Groton that demands careful diligence. Prices near $605K look accessible, but the work to make a deal cash flow is real.
Put differently, the numbers look inviting — $605K purchase price, 0.0% nominal cap — the work to hit that pro forma in 06355 is substantial and deserves full respect.
Within CT, ZIP 06355 trails on several market indicators that neighboring New London County submarkets outperform. The gap is real and significant enough to shape underwriting.
Resident income in 06355 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Groton:
Property Strategy for 06355
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $485,066 | $2,240 | 3.3% | +9.4% | $242,533 |
| 3BR | $520,723 | $2,890 | 4.0% | +10.4% | $173,574 |
| 4BR | $662,078 | $3,590 | 3.9% | +10.5% | $165,519 |
| 5BR | $954,024 | — | — | +10.7% | $190,805 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06355 Compare?
| Metric | 06355 | Groton | Norwich-New London, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $605,036 | $497,500 | N/A | $425,784 |
| 5-Year CAGR | 8.7% | 8.0% | N/A | 9.3% |
| Avg Rent | $2,658 | $2,414 | N/A | - |
| Cap Rate | 3.4% | 3.9% | - | - |
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 06355 (Groton, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $605,036 |
| Monthly Rent | $2,658 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +8.7% ▲ |
| 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 (3.4%). 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 06355
Population: 12,223
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 06355
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
Frequently Asked Questions
How much is rent in Groton, CT?
The typical rental in Groton, CT commands about $2,658/mo monthly. That rent profile steady cash flow against the $605K purchase basis.
What is the typical home price in Groton, CT?
Groton, CT median home values land near $605K. That is reasonable territory for investors looking at $2,658/mo-per-month rentals.
What is the typical vacancy rate in Groton, CT?
Vacancy risk in Groton, CT is elevated. That supports stable cash flow for typical rental holds.
Are eviction rules reasonable in Groton, CT?
The landlord environment in Groton, CT is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the smart move for investors in Groton, CT?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Groton, CT. The numbers - $605K homes against $2,658/mo rents - support that play.
You know 06355 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06355 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 06355 ranks in Norwich-New London, CT
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