Real Estate Investing in Fairfield, Connecticut (06824)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06824 (Fairfield, CT)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 29.0 — hard to cash-flow at these prices.
What’s happening in Fairfield, CT (06824)?
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Market Analysis: 06824 Fairfield
This part of Fairfield County is not an easy win. The 06824 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $3,355/mo on a $1.2M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 06824 sits below the stated 0.0% once reality is priced in.
Within CT, ZIP 06824 trails on several market indicators that neighboring Fairfield County submarkets outperform. The gap is real and healthy enough to shape underwriting.
A resilient renter share of 16% in 06824 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. durable returns are possible in 06824, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Fairfield:
Property Strategy for 06824
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $440,817 | $2,930 | 4.8% | +5.4% | $440,817 |
| 2BR | $639,241 | $3,500 | 3.9% | +9.3% | $319,620 |
| 3BR | $846,540 | $4,230 | 3.6% | +9.3% | $282,180 |
| 4BR | $1,258,118 | $5,020 | 2.9% | +10.1% | $314,529 |
| 5BR | $1,843,372 | — | — | +10.9% | $368,674 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06824 Compare?
| Metric | 06824 | Fairfield | Bridgeport-Stamford-Norwalk, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $1,166,587 | $1,144,216 | N/A | $425,784 |
| 5-Year CAGR | 8.5% | 8.4% | N/A | 9.3% |
| Avg Rent | $3,355 | $3,279 | N/A | - |
| Cap Rate | 2.2% | 2.4% | - | - |
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 06824 (Fairfield, CT). Anonymous, moderated, never written by AI.
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Property managers serving Fairfield County
Manage rentals here? List your business →Plaza Realty & Management Corporation focuses on excellence by association. 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 | $1,166,587 |
| Monthly Rent | $3,355 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | -10.7% ▼ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 06824
Population: 36,868
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 06824
Schools in This ZIP Code
About Repit School Scores
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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
What is the average monthly rent in Fairfield, CT?
Rents in Fairfield, CT run near $3,355/mo. Compared with median home prices of $1.2M that produces solid gross yields for typical rentals.
How do home values compare in Fairfield, CT?
Expect median prices around $1.2M in Fairfield, CT. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What kind of market is Fairfield, CT for investors?
Fairfield, CT reflects an investability rating of 3.0/5, with median home values near $1.2M and average rents around $3,355/mo. That combination puts it in the solid tier for investor interest.
What is the smart move for investors in Fairfield, CT?
Fairfield, CT investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.2M prices, $3,355/mo rents) make it a reasonable choice.
How tight is the rental market in Fairfield, CT?
Expect elevated vacancy in Fairfield, CT. Rents at $3,355/mo are absorbed by the tenant base without meaningful lag.
You know 06824 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06824 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 06824 ranks in Bridgeport-Stamford-Norwalk, CT
Every ZIP in this metro, ranked. Free.
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