Real Estate Investing in Washington, Connecticut (06794)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06794 (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: 38.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 36.1 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Washington, CT (06794)?
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Market Analysis: 06794 Washington
ZIP 06794 inside Litchfield County looks affordable on the surface — median value of $898K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 06794 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 06794's metrics run below Litchfield County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 06794 ZIP's population of 953 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
trends toward 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 06794
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $604,709 | $2,300 | 2.7% | +11.0% | $302,354 |
| 3BR | $719,047 | $2,960 | 3.0% | +10.9% | $239,682 |
| 4BR | $1,407,537 | $3,340 | 1.7% | +10.6% | $351,884 |
Market Trends
Home Value History (with trend line)
📊 How Does 06794 Compare?
| Metric | 06794 | Washington | Torrington, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $897,607 | $1,063,027 | N/A | $425,784 |
| 5-Year CAGR | 6.0% | 6.3% | N/A | 9.3% |
| Avg Rent | $2,070 | $2,084 | N/A | - |
| Cap Rate | 1.8% | 1.6% | - | - |
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 06794 (Washington, CT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $897,607 |
| Monthly Rent | $2,070 |
| Price-to-Rent | 36.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (1.8%). 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 06794
Population: 953
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 06794
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Shepaug Valley 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
Are renters plentiful in Washington, CT?
Washington, CT draws a steady base of working renters. Demand at the $2,070/mo rent level is reasonable for standard single-family and small multi rentals.
Does Washington, CT make sense for an investment property?
With a 3.0/5 investability score, Washington, CT ranks as a solid market for rental property investors. Median prices of $898K and rents of $2,070/mo drive the underlying numbers.
Are eviction rules reasonable in Washington, CT?
For rental operators, Washington, CT rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Can owner-occupants cash flow in Washington, CT?
Washington, CT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,070/mo rent level.
How do experienced investors play Washington, CT?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Washington, CT. The numbers - $898K homes against $2,070/mo rents - support that play.
You know 06794 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06794 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 06794 ranks in Torrington, CT
Every ZIP in this metro, ranked. Free.
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