Real Estate Investing in Durham, Connecticut (06422)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06422 (Durham, 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 Durham, CT (06422)?
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Market Analysis: 06422 Durham
The 06422 ZIP in Durham, CT is a local-operator market. Outside capital chasing a $517K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $517K asset, 06422 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Durham have seen price recovery that 06422 has not matched. Middlesex County data supports the view that the spread is structural rather than temporary.
Who lives in 06422 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 06422 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 Durham:
Property Strategy for 06422
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $361,246 | $2,370 | 4.7% | +8.3% | $180,623 |
| 3BR | $453,661 | $2,840 | 4.5% | +8.9% | $151,220 |
| 4BR | $588,261 | $3,220 | 3.9% | +9.0% | $147,065 |
| 5BR | $669,142 | — | — | +9.0% | $133,828 |
Market Trends
Home Value History (with trend line)
📊 How Does 06422 Compare?
| Metric | 06422 | Durham | Hartford-East Hartford-Middletown, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $517,149 | $517,149 | N/A | $425,784 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 9.3% |
| Avg Rent | $2,133 | $2,133 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 06422 (Durham, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $517,149 |
| Monthly Rent | $2,133 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.2%). 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 06422
Population: 7,182
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 06422
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
Is Durham, CT a good market for buy-and-hold investors?
Our data puts Durham, CT at 3.0/5 for investability. Home prices of $517K and rents around $2,133/mo create a solid backdrop for investor activity.
Is vacancy a concern in Durham, CT?
Expect elevated vacancy in Durham, CT. Rents at $2,133/mo are absorbed by the tenant base without meaningful lag.
How much rent can I charge in Durham, CT?
Rents in Durham, CT run near $2,133/mo. Compared with median home prices of $517K that produces solid gross yields for typical rentals.
Can I house hack in Durham, CT?
Durham, CT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,133/mo rent level.
How should investors approach Durham, CT?
In Durham, CT the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $517K prices and $2,133/mo rents suits that approach.
You know 06422 now. You don’t know where it ranks.
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How 06422 ranks in Hartford-East Hartford-Middletown, CT
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