Real Estate Investing in Portland, Connecticut (06480)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06480 (Portland, 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 Portland, CT (06480)?
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Market Analysis: 06480 Portland
Not every below-median market is a bargain. Portland's 06480 ZIP registers signals that favor experienced operators who can absorb the risk $420K pricing implies.
Rent of $1,476/mo on a $420K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 06480 sits below the stated 0.0% once reality is priced in.
ZIP 06480's metrics run below Middlesex County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Put differently, 9,421 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 06480 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 06480
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $246,929 | $1,300 | 3.8% | +9.0% | $246,929 |
| 2BR | $328,841 | $1,640 | 3.6% | +9.0% | $164,421 |
| 3BR | $388,818 | $1,970 | 3.6% | +8.9% | $129,606 |
| 4BR | $508,963 | $2,230 | 3.2% | +9.2% | $127,241 |
| 5BR | $551,404 | — | — | +9.8% | $110,281 |
Market Trends
Home Value History (with trend line)
📊 How Does 06480 Compare?
| Metric | 06480 | Portland | Hartford-East Hartford-Middletown, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $420,333 | $420,333 | N/A | $425,784 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 9.3% |
| Avg Rent | $1,476 | $1,476 | 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 06480 (Portland, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $420,333 |
| Monthly Rent | $1,476 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.7%). 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 06480
Population: 9,421
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 06480
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 1,766 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Portland, CT good for house hacking?
House hacking in Portland, CT is a challenging. With home values around $420K and rents at $1,476/mo, owner-occupants can offset a meaningful share of PITI.
Is Portland, CT a smart market for rental property?
The 3.0/5 investability rating in Portland, CT reflects its $420K prices and $1,476/mo rents. Investors generally consider it a solid option within CT.
How strict are landlord regulations in Portland, CT?
Portland, CT operates under CT law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What is the average monthly rent in Portland, CT?
Expect rents around $1,476/mo per month in Portland, CT. With home values at $420K, the yield math works out to reasonable levels for rental investors.
What kind of tenants rent in Portland, CT?
Portland, CT offers a predictable renter base at the $1,476/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 06480 now. You don’t know where it ranks.
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How 06480 ranks in Hartford-East Hartford-Middletown, CT
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