Rental market · ZIP 06379 · Pawcatuck, CT

ZIP 06379, Pawcatuck, CT rental market

Population 9,017 · Pawcatuck, Southeastern Connecticut Planning Region, CT · ZIP Code Tabulation Area

Ranked · ACS 2024 5-year

CGRADE
47.6/100 · Rental Investor ZIP Score
National rank #9,704 of 20,132 scored ZIP Codes (52nd percentile)
CT rank #120 of 213 · data confidence: high
Cash Flow & Affordability ZIP data
35
Local Demand & Market Quality ZIP data
62
Surrounding-Market Growth county / place context
41
Stability & Risk ZIP + place context
51

Watch: cash flow is thin relative to price.

Cash Flow & Affordability was scored using a measured (Zillow) home value, giving an effective price-to-income of 5.22× and tax burden of 0.98% of value: the number this category's score is actually based on, which can differ from the ACS survey value shown elsewhere on this page.

A transparent screening score, not a return forecast. Affordable, higher-yield markets can score well when demand, liquidity, low vacancy, reliable government data and a growing surrounding market support them. Categories labeled “context” use official county/place data, never presented as ZIP-level observation. ZIP and city scores are not directly comparable. See how this score works.

How this ZIP ranks: nationally & in-state

Each bar places this ZIP against all 20,132 scored ZIP Codes nationally. The marker is this ZIP and further right is more favorable to an investor; the tick is the median.

Overall Rental Investor ZIP Scoreweighted 0–100 screening score
47.652nd percentile
Cash Flow & Affordabilitycategory score 0–100
3520th percentile
Local Demand & Market Qualitycategory score 0–100
6273rd percentile
Surrounding-Market Growthcategory score 0–100 county / place context
4142nd percentile
Stability & Riskcategory score 0–100 ZIP + place context
5156th percentile
← Less favorableMedianMore favorable →

Percentiles are the frozen model's own numbers among scored ZIP Codes (deterministic competition ranking); an unreliable or thin-peer in-state comparison reads “Not available,” never zero. All underlying figures are ACS survey estimates with margins of error. ZIP and city scores are not directly comparable. See how this score works.

Key metrics

9,017
Population ±7%
$406,100
Median home value (ACS, owner-reported) ±10%
$1,205
Median gross rent (ACS, incl. utilities) ±9%
3.6%
Survey gross-rent yield (proxy)
$95,066
Median household income ±14%
2.9%
Rental vacancy
30.4%
Renter share
1.2%
Estimated property-tax burden
1969
Median year built ±0%
6.8%
Multifamily (5+ units)

Data vintage: ACS 2024 5-year · data confidence: high · every figure is an ACS survey estimate with a margin of error (shown per card).

Market context

Trend context

Loading home value context…

View source data

Each point is one ACS 5-year estimate on the same 2020-Census ZCTA boundary. Adjacent releases overlap, so the release-to-release differences are not independent annual market movement.

ACS estimates by release; ± is the margin of error.
Series2017–20212018–20222019–20232020–2024
Median home value B25077$328,700 ±$23,780$351,100 ±$25,197$364,700 ±$19,543$406,100 ±$41,796
Median gross rent B25064$1,093 ±$101$1,163 ±$133$1,183 ±$116$1,205 ±$109
Population B010038,697 ±5708,973 ±6819,003 ±6049,017 ±584

ACS 2021 release

2017-2021 five-year estimate

Median home value B25077
$328,700Margin of error ±$23,780
Median gross rent B25064
$1,093Margin of error ±$101
Population B01003
8,697Margin of error ±570

ACS 2022 release

2018-2022 five-year estimate

Median home value B25077
$351,100Margin of error ±$25,197
Median gross rent B25064
$1,163Margin of error ±$133
Population B01003
8,973Margin of error ±681

ACS 2023 release

2019-2023 five-year estimate

Median home value B25077
$364,700Margin of error ±$19,543
Median gross rent B25064
$1,183Margin of error ±$116
Population B01003
9,003Margin of error ±604

ACS 2024 release

2020-2024 five-year estimate

Median home value B25077
$406,100Margin of error ±$41,796
Median gross rent B25064
$1,205Margin of error ±$109
Population B01003
9,017Margin of error ±584

Source: U.S. Census Bureau, American Community Survey 5-year, table-based Summary File (ZCTA geography); tables B25077 (median value), B25064 (median gross rent), and B01003 (population); estimate + margin of error. Missing releases remain gaps and are never interpolated. Home value is owner-reported; gross rent describes renter housing stock; population is a ZCTA estimate. Dollar figures are nominal.

Measured market data

Measured observations for this ZIP Code, published beside the government survey figures above rather than replacing them. They measure different things and will legitimately disagree: the ACS median home value is what owners report their home is worth in a 5-year survey, while ZHVI is a monthly index of typical home value; ACS median gross rent is what sitting tenants pay including utilities, while ZORI is an index of asking rent on newly listed units. ZORI does not correct the ACS rent; neither is a better version of the other. Monthly series, revised in recent months, observed 2026-07, not live.

Zillow Home Value Index (ZHVI, mid tier)$496,076
ZHVI bottom tier (5th–35th pct)$390,179
ZHVI top tier (65th–95th pct)$741,082
Market heat index63
Share of listings with a price cut19.0%
For-sale inventory20
New listings10
Median list price$560,617
Measured 3-yr value growth7.04%/yr
Measured 5-yr value growth7.40%/yr
Measured 10-yr value growth6.96%/yr
ZHVI, 2-bedroom$398,058
ZHVI, 3-bedroom$489,828
ZHVI, 4-bedroom$662,279
ZHVI, 5-bedroom$759,983

Measured value-growth signal: 98 of 100: this ZIP Code area ranks #1 of 19,419 ZIP Codes with a measured 3-year value growth rate. This is a separate national signal, published beside the overall score and deliberately not folded into it.

Source: Zillow Economic Research public research data, observation month 2026-07. Zillow keys on USPS ZIP codes; this page is a 2020 Census ZCTA, related but not identical geographies, so a Zillow value is matched to this ZCTA by code and is not a statement that the two areas are the same. Zillow is not affiliated with, and does not endorse, Compounding Estates.

Market Negotiation Leverage

Strong seller leverage (18th percentile among scored ZIP Codes)

Derived from Zillow's market-heat index for this ZIP, inverted (a cooler market means more room for a buyer to negotiate). 19% of listings have had a price cut · 20 active listings. This is a cross-sectional snapshot (how this ZIP compares to every other tracked ZIP today), not a seasonal or historical baseline for this specific ZIP (no multi-year time series exists to support that claim). Not a prediction of what any specific seller will accept. See how this is calculated.

Source: Zillow Economic Research public research data. Zillow is not affiliated with, and does not endorse, Compounding Estates.

Underwrite with these as starting points

Opening a calculator pre-loads the ACS median owner value and median gross rent as a survey-level starting point; every calculator input is editable. Owner-occupied median value and renter median gross rent describe different housing stock: the median-valued home is not the typical rental, so this is a screen, not a listing, appraisal, asking rent, cap rate, or forecast. Bring your own entry price and rent.

ZIP Codes bordering 06379

3 ZIP Code areas share a land boundary with 06379 in the official Census 2020 ZCTA map, ordered by shared-boundary length, not ZIP-number proximity or driving distance. 2 of them are in CE's ranked set and linked below; the rest are searchable from the ZIP Code explorer. No score or rank is shown here: open a profile for its own numbers.

Evidence, sources & limitations

Official geography: Pawcatuck CDP, Southeastern Connecticut Planning Region. Analytical entity: the U.S. Census ZIP Code Tabulation Area (ZCTA) 06379, an approximation of the USPS ZIP delivery area, not its exact route boundaries. Model z2-gov-subscores-v1; data ACS 2024 5-year.

This ZIP Code area is primarily in Southeastern Connecticut Planning Region, overlapping Pawcatuck, by land-area overlap from the official Census 2020 ZCTA relationship files (not population or address share).

Populationsurvey ACS B01003 · ±7% MOE
Median home value (ACS, owner-reported)survey ACS B25077 · ±10% MOE
Median gross rent (ACS, incl. utilities)survey ACS B25064 · ±9% MOE
Survey gross-rent yield (proxy)derived 12 * ACS B25064 / B25077
Median household incomesurvey ACS B19013 · ±14% MOE
Rental vacancyderived ACS B25004 E002 / (B25003 E003 + B25004 E002)
Renter sharederived ACS B25003 E003/E001
Estimated property-tax burdenderived ACS B25103 / B25077
Median year builtsurvey ACS B25035 · ±0% MOE
Multifamily (5+ units)derived ACS B25024 (5+ unit structures / total)

Class: survey = ACS estimate (with margin of error); derived = computed from ACS. The survey gross-rent yield is a proxy (renter gross rent vs owner-occupied value, different housing stock; ACS top-codes very high values/rents) and is not a cap rate. Subscores are national percentiles among data-eligible areas; ranks are competition-ranked with deterministic ties. No vendor, listing, parcel, or school data. Not investment advice.