2024 · Connecticut
Rental yield in Connecticut
In 2024, the typical rental in Connecticut produced a gross yield of 4.7% — $1,550/mo median rent against a $397K median home value, ranking 27th of 51 states.
4.7%
Gross rental yield
below the 4.9% U.S. median
$1,550/mo
Median gross rent
incl. utilities (ACS)
$397K
Median home value
owner-occupied (ACS)
Connecticut metros by yield
Metropolitan areas in Connecticut with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| New Haven, CT | 5.0% | $1,600/mo | $384K |
| Waterbury-Shelton, CT | 4.9% | $1,407/mo | $344K |
| Hartford-West Hartford-East Hartford, CT | 4.8% | $1,458/mo | $367K |
| Norwich-New London-Willimantic, CT | 4.8% | $1,440/mo | $363K |
| Bridgeport-Stamford-Danbury, CT | 3.7% | $1,895/mo | $616K |
Frequently asked questions
What is the gross rental yield in Connecticut?
In 2024, Connecticut had a gross rental yield of 4.7% — $1,550/mo median gross rent against a $397K median home value. That ranks 27th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Connecticut metros have the best rental yield?
Among Connecticut metros covered by the data, gross yield was highest in New Haven, CT (5.0%), Waterbury-Shelton, CT (4.9%), and Hartford-West Hartford-East Hartford, CT (4.8%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Connecticut
Yield shows where the numbers work; our Investor Financing Report for Connecticut shows the rate premium, denial rate, and DSCR lending investors face there.
Run a Connecticut deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.