Real Estate Investing in East Haddam, Connecticut (06423)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06423 (East Haddam, 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.
- Elevated vacancy: 10.7% 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 East Haddam, CT (06423)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06423 East Haddam
ZIP 06423 in East Haddam, CT carries a impressive set of headwinds. Home values near $476K and rents of $1,836/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $476K asset, 06423 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 06423 offers a low basis, the region around East Haddam has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 06423 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. resilient returns are possible in 06423, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in East Haddam:
Property Strategy for 06423
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $258,839 | $1,620 | 4.5% | +10.1% | $258,839 |
| 2BR | $339,576 | $2,040 | 4.3% | +11.0% | $169,788 |
| 3BR | $467,704 | $2,450 | 3.8% | +10.2% | $155,901 |
| 4BR | $548,425 | $2,780 | 3.6% | +10.3% | $137,106 |
Market Trends
Home Value History (with trend line)
📊 How Does 06423 Compare?
| Metric | 06423 | East Haddam | Hartford-East Hartford-Middletown, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $475,658 | $441,771 | N/A | $425,784 |
| 5-Year CAGR | 8.5% | 8.3% | N/A | 9.3% |
| Avg Rent | $1,836 | $1,679 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 06423 (East Haddam, CT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 06423 (East Haddam, CT)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $475,658 |
| Monthly Rent | $1,836 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.0%). 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 06423
Population: 5,163
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
Frequently Asked Questions
Is East Haddam in CT worth investing in?
Our data puts East Haddam, CT at 3.0/5 for investability. Home prices of $476K and rents around $1,836/mo create a solid backdrop for investor activity.
What type of investing works in East Haddam, CT?
A careful cash-flow rentals with hands-on management strategy East Haddam, CT best. The market produces consistent results for that approach at the $476K price point.
How much rent can I charge in East Haddam, CT?
Rents in East Haddam, CT run near $1,836/mo. Compared with median home prices of $476K that produces solid gross yields for typical rentals.
Are homes affordable in East Haddam, CT?
East Haddam, CT median home values land near $476K. That is reasonable territory for investors looking at $1,836/mo-per-month rentals.
How strong is tenant demand in East Haddam, CT?
East Haddam, CT draws a measured base of working renters. Demand at the $1,836/mo rent level is reasonable for standard single-family and small multi rentals.
You know 06423 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06423 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 06423 ranks in Hartford-East Hartford-Middletown, CT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 06423 (East Haddam)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 06423 (East Haddam, CT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.