Real Estate Investing in Morris, Connecticut (06763)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06763 (Morris, CT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 34.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Morris, CT (06763)?
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Market Analysis: 06763 Morris
This part of Litchfield County is not an easy win. The 06763 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $541K asset, 06763 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 06763 among CT's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 2,078 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 right play in 06763 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Morris:
Property Strategy for 06763
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $409,916 | $1,490 | 2.6% | +9.5% | $204,958 |
| 3BR | $518,138 | $1,920 | 2.7% | +10.0% | $172,713 |
| 4BR | $640,002 | $2,160 | 2.4% | +9.3% | $160,000 |
Market Trends
Home Value History (with trend line)
📊 How Does 06763 Compare?
| Metric | 06763 | Morris | Torrington, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $541,301 | $541,301 | N/A | $425,784 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 9.3% |
| Avg Rent | $1,341 | $1,341 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06763 (Morris, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $541,301 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 33.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (1.9%). 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 06763
Population: 2,078
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 06763
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 tight is the rental market in Morris, CT?
Morris, CT carries elevated vacancy risk. Expect predictable absorption at market rents of $1,341/mo.
Can owner-occupants cash flow in Morris, CT?
Morris, CT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,341/mo rent level.
Is Morris, CT a smart market for rental property?
The 3.0/5 investability rating in Morris, CT reflects its $541K prices and $1,341/mo rents. Investors generally consider it a solid option within CT.
How expensive is real estate in Morris, CT?
The median home value in Morris, CT is roughly $541K. That puts it reasonable relative to the CT statewide average.
What is the best play in Morris, CT?
Morris, CT investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($541K prices, $1,341/mo rents) make it a reasonable choice.
You know 06763 now. You don’t know where it ranks.
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How 06763 ranks in Torrington, CT
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