Real Estate Investing in Wallingford, Connecticut (06492)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06492 (Wallingford, 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.
What’s happening in Wallingford, CT (06492)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06492 Wallingford
ZIP 06492 in Wallingford, CT carries a notable set of headwinds. Home values near $431K and rents of $2,025/mo sit inside a market where underwriting has to be tight.
Rent of $2,025/mo on a $431K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 06492 sits below the stated 0.0% once reality is priced in.
On the rental side, 06492 offers a low basis, the region around Wallingford has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 06492 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 06492 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 Wallingford:
Property Strategy for 06492
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $154,016 | $1,390 | 6.5% | +10.8% | $154,016 |
| 2BR | $295,654 | $1,720 | 4.2% | +9.6% | $147,827 |
| 3BR | $405,187 | $2,130 | 3.8% | +8.6% | $135,062 |
| 4BR | $542,904 | $2,510 | 3.3% | +8.8% | $135,726 |
| 5BR | $591,010 | — | — | +8.6% | $118,202 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06492 Compare?
| Metric | 06492 | Wallingford | New Haven-Milford, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $430,579 | $430,579 | N/A | $425,784 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 9.3% |
| Avg Rent | $2,025 | $2,025 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06492 (Wallingford, CT). Anonymous, moderated, never written by AI.
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Property managers serving New Haven County
Manage rentals here? List your business →Bassett Property Management serves real estate owners and investors. summary from their website
CPE Property Management offers Connecticut HOA & Condo Management services. summary from their website
titan1313.com is a domain name for sale. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $430,579 |
| Monthly Rent | $2,025 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 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 (3.7%). 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 06492
Population: 44,099
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 06492
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 1,067 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Wallingford, CT?
Wallingford, CT rentals go for roughly $2,025/mo a month. That puts gross yield in solid territory relative to $431K acquisition costs.
What is the tenant pool like in Wallingford, CT?
Expect a solid tenant pool in Wallingford, CT. The rental market absorbs $2,025/mo rents without meaningful friction.
How do home values compare in Wallingford, CT?
Homes in Wallingford, CT typically sell near $431K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Do landlords face vacancy issues in Wallingford, CT?
Rental vacancy in Wallingford, CT is elevated. Investors should budget normal turnover but not chronic empty units.
Is rental property easy to operate in Wallingford, CT?
Landlord-friendliness in Wallingford, CT is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 06492 now. You don’t know where it ranks.
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How 06492 ranks in New Haven-Milford, CT
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