Real Estate Investing in Voluntown, Connecticut (06384)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06384 (Voluntown, 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: 8.6% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.5 — 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 Voluntown, CT (06384)?
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Market Analysis: 06384 Voluntown
Investors eyeing 06384 need to respect the fundamentals at play. Home values of $452K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $452K asset, 06384 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader CT picture, 06384 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 06384 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.
Strategically, 06384 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 Voluntown:
Property Strategy for 06384
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $331,365 | $1,470 | 3.2% | +9.9% | $165,683 |
| 3BR | $406,470 | $1,900 | 3.4% | +10.1% | $135,490 |
| 4BR | $477,698 | $2,460 | 3.7% | +9.6% | $119,425 |
Market Trends
Home Value History (with trend line)
📊 How Does 06384 Compare?
| Metric | 06384 | Voluntown | Norwich-New London, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $451,938 | $451,938 | N/A | $425,784 |
| 5-Year CAGR | 9.5% | 9.5% | N/A | 9.3% |
| Avg Rent | $1,323 | $1,323 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06384 (Voluntown, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $451,938 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 28.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +15.5% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (2.3%). 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 06384
Population: 2,812
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 06384
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 should investors approach Voluntown, CT?
Investors usually favor careful cash-flow rentals with hands-on management in Voluntown, CT. With home values at $452K and rents near $1,323/mo, other strategies can work but produce stable rather than outsized returns.
Is Voluntown, CT good for landlords?
Voluntown, CT operates under CT law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
Are renters plentiful in Voluntown, CT?
Expect a solid tenant pool in Voluntown, CT. The rental market absorbs $1,323/mo rents without meaningful friction.
How high is vacancy risk in Voluntown, CT?
Vacancy in Voluntown, CT is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,323/mo.
What does house hacking look like in Voluntown, CT?
House hacking in Voluntown, CT is reasonable to execute. Prices around $452K and rents of $1,323/mo solid owner-occupant economics.
You know 06384 now. You don’t know where it ranks.
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