Real Estate Investing in East Hampton, Connecticut (06424)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06424 (East Hampton, 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: 9.0% vacancy may signal weakening demand.
What’s happening in East Hampton, CT (06424)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06424 East Hampton
The 06424 ZIP in East Hampton, CT is a local-operator market. Outside capital chasing a $439K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $439K asset, 06424 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within CT, ZIP 06424 trails on several market indicators that neighboring Middlesex County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Demographically, 06424 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.
The 06424 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 East Hampton:
Property Strategy for 06424
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $226,304 | $1,520 | 4.8% | +9.8% | $226,304 |
| 2BR | $290,980 | $1,920 | 4.8% | +9.8% | $145,490 |
| 3BR | $408,061 | $2,300 | 4.1% | — | $136,020 |
| 4BR | $525,079 | $2,610 | 3.6% | +9.4% | $131,270 |
| 5BR | $570,567 | — | — | +9.3% | $114,113 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06424 Compare?
| Metric | 06424 | East Hampton | Hartford-East Hartford-Middletown, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $439,237 | $439,237 | N/A | $425,784 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 9.3% |
| Avg Rent | $2,035 | $2,035 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 06424 (East Hampton, CT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 06424 (East Hampton, CT)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $439,237 |
| Monthly Rent | $2,035 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.6%). 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 06424
Population: 12,401
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 06424
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
How much rent can I charge in East Hampton, CT?
East Hampton, CT rentals go for roughly $2,035/mo a month. That puts gross yield in solid territory relative to $439K acquisition costs.
How should investors approach East Hampton, CT?
In East Hampton, CT the significant play is typically careful cash-flow rentals with hands-on management. The combination of $439K prices and $2,035/mo rents suits that approach.
Are there empty rentals in East Hampton, CT?
Vacancy in East Hampton, CT is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,035/mo.
What does house hacking look like in East Hampton, CT?
The a challenging house-hack environment in East Hampton, CT reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is East Hampton, CT a good place for real estate investing?
East Hampton, CT posts an investability rating of 3.0/5, with median home values near $439K and average rents around $2,035/mo. That combination puts it in the impressive tier for investor interest.
You know 06424 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06424 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 06424 ranks in Hartford-East Hartford-Middletown, CT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 06424 (East Hampton)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 06424 (East Hampton, CT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.