Real Estate Investing in North Stonington, Connecticut (06359)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06359 (North Stonington, CT)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.9% 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 North Stonington, CT (06359)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06359 North Stonington
ZIP 06359 inside New London County looks affordable on the surface — median value of $475K — but the discount exists for reasons that a careful buyer should understand before committing.
The 06359 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in North Stonington have seen price recovery that 06359 has not matched. New London County data supports the view that the spread is structural rather than temporary.
Employment concentration in 06359 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
looks to 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 North Stonington:
Property Strategy for 06359
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $343,113 | $1,850 | 3.9% | +9.4% | $171,557 |
| 3BR | $438,182 | $2,370 | 3.9% | +9.5% | $146,061 |
| 4BR | $537,179 | $2,830 | 3.8% | +10.3% | $134,295 |
| 5BR | $589,093 | — | — | +9.7% | $117,819 |
Market Trends
Home Value History (with trend line)
📊 How Does 06359 Compare?
| Metric | 06359 | North Stonington | Norwich-New London, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $475,226 | $475,226 | N/A | $425,784 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 9.3% |
| Avg Rent | $1,665 | $1,665 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 06359 (North Stonington, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $475,226 |
| Monthly Rent | $1,665 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.7%). 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 06359
Population: 5,154
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 06359
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
What is the average monthly rent in North Stonington, CT?
Rent in North Stonington, CT is around $1,665/mo. The resulting rent-to-value relationship with $475K pricing is reasonable for most investor models.
Which investment style suits North Stonington, CT?
A careful cash-flow rentals with hands-on management strategy North Stonington, CT best. The market produces predictable results for that approach at the $475K price point.
How does North Stonington, CT rate as a rental market?
North Stonington, CT scores 3.0/5 for investability. Home values sit at $475K and rents near $1,665/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the tenant pool like in North Stonington, CT?
Expect a solid tenant pool in North Stonington, CT. The rental market absorbs $1,665/mo rents without meaningful friction.
How quickly do rentals get leased in North Stonington, CT?
North Stonington, CT carries elevated vacancy risk. Expect stable absorption at market rents of $1,665/mo.
You know 06359 now. You don’t know where it ranks.
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How 06359 ranks in Norwich-New London, CT
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