Real Estate Investing in Washington, Connecticut (06793)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06793 (Washington, CT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 48.8 — 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 Washington, CT (06793)?
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Market Analysis: 06793 Washington
Not every below-median market is a bargain. Washington's 06793 ZIP sits at signals that favor experienced operators who can absorb the risk $1.2M pricing implies.
The 06793 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 06793 and stronger Washington ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 06793 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.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Washington:
Property Strategy for 06793
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $987,139 | $3,000 | 2.2% | +11.8% | $329,046 |
| 4BR | $1,360,071 | $3,380 | 1.8% | +11.7% | $340,018 |
| 5BR | $2,287,592 | — | — | +12.8% | $457,518 |
Market Trends
Home Value History (with trend line)
📊 How Does 06793 Compare?
| Metric | 06793 | Washington | Torrington, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $1,228,448 | $1,063,027 | N/A | $425,784 |
| 5-Year CAGR | 6.6% | 6.3% | N/A | 9.3% |
| Avg Rent | $2,097 | $2,084 | N/A | - |
| Cap Rate | 1.3% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06793 (Washington, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,228,448 |
| Monthly Rent | $2,097 |
| Price-to-Rent | 48.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.1% |
| Cap Rate | 1.3% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (1.3%). 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 06793
Population: 1,270
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 06793
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Washington Primary School
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 strong are rents in Washington, CT?
Expect rents around $2,097/mo per month in Washington, CT. With home values at $1.2M, the yield math works out to reasonable levels for rental investors.
How high is vacancy risk in Washington, CT?
Washington, CT sees elevated vacancy, which is reasonable relative to the broader CT rental market.
How do experienced investors play Washington, CT?
Washington, CT investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.2M prices, $2,097/mo rents) make it a reasonable choice.
What is the typical home price in Washington, CT?
The median home value in Washington, CT is roughly $1.2M. That puts it reasonable relative to the CT statewide average.
Is Washington, CT suited for a house hack?
House hacking works a tougher in Washington, CT. Rents of $2,097/mo against $1.2M acquisition make the strategy solid for owner-occupants.
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How 06793 ranks in Torrington, CT
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