How is the rental market performing in Connecticut?

The rental market is performing well, with rental rates seeing consistent growth. The current vacancy rate is relatively low, indicating a high demand for rental properties.

What is the job growth rate in Connecticut?

Connecticut currently enjoys a job growth rate of about 1.5%, supported by large employers in various industries, ensuring economic stability for potential investors.

Are there universities in Connecticut that impact housing demand?

Yes, several universities in Connecticut contribute significantly to housing demand, particularly in college towns where off-campus housing shortages are common due to increasing enrollment.

Under $500K Investment Properties for Sale in Union, CT

Property at 776 Buckley Highway, Union, CT

3 Bed
3 Bath
2000 sft

776 Buckley Highway, Union, CT, 06076

Property at 930 Buckley Highway, Union, CT

3 Bed
2 Bath
1306 sft

930 Buckley Highway, Union, CT, 06076

Here are some other similar properties you might be interested in:

Property at 26 North Main Street #TRLR 25, Branford, CT

2 Bed
1 Bath
728 sft

26 North Main Street #TRLR 25, Branford, CT, 06405

Property at 5 Town House Rd Extension, Lisbon, CT

3 Bed
1 Bath
888 sft

5 Town House Rd Extension, Lisbon, CT, 06351

Property at 28 Nashua Street, Norwich, CT

2 Bed
1 Bath
924 sft

28 Nashua Street, Norwich, CT, 06360

Property at 280 Capen Street #34, Hartford, CT

2 Bed
1 Bath
850 sft

280 Capen Street #34, Hartford, CT, 06112

Property at 79 Fair Acres Cir, Mystic, CT

2 Bed
1 Bath
640 sft

79 Fair Acres Cir, Mystic, CT, 06355

Property at 20 Providence New London Turnpike Lot 19, North Stonington, CT

2 Bed
1 Bath
938 sft

20 Providence New London Turnpike Lot 19, North Stonington, CT, 06359

Property at 137 Cutler Rd, Greenwich, CT

1 Bed
1 Bath
2253 sft

137 Cutler Rd, Greenwich, CT, 06831

Property at 15 North Street, Madison, CT

Listed for sale 6 days ago

1 Bed
1 Bath
540 sft

15 North Street, Madison, CT, 06443

Property at 929 Burnside Avenue APT LL2, East Hartford, CT

1 Bed
1 Bath
715 sft

929 Burnside Avenue APT LL2, East Hartford, CT, 06108

Property at 284A Oxoboxo Dam Rd, Oakdale, CT

2 Bed
2 Bath
950 sft

284A Oxoboxo Dam Rd, Oakdale, CT, 06370

Property at 216 Quinnipiac Ave APT 218, North Haven, CT

1 Bed
1 Bath
750 sft

216 Quinnipiac Ave APT 218, North Haven, CT, 06473

Property at 35 Thames Street, New London, CT

3 Bed
2 Bath
1599 sft

35 Thames Street, New London, CT, 06320

Property at 107 Angel Dr APT B, Waterbury, CT

1 Bed
1 Bath
589 sft

107 Angel Dr APT B, Waterbury, CT, 06708

Property at 31 Old Mansfield Rd, Windham, CT

$ 100,000

ROI

Cash Flow/m

- Bed
- Bath
- sft

31 Old Mansfield Rd, Windham, CT, 06280

Property at 5 Wormwood Hill Rd, Mansfield, CT

- Bed
- Bath
- sft

5 Wormwood Hill Rd, Mansfield, CT, 06250

Property at 283 Glen Hills Rd, Meriden, CT

$ 100,000

ROI

Cash Flow/m

- Bed
- Bath
- sft

283 Glen Hills Rd, Meriden, CT, 06451

Property at 24 Prospect Street APT 31, Manchester, CT

1 Bed
1 Bath
610 sft

24 Prospect Street APT 31, Manchester, CT, 06040

Property at 13 Sharon Dr, Storrs Mansfield, CT

2 Bed
1 Bath
850 sft

13 Sharon Dr, Storrs Mansfield, CT, 06268

Property at 139 Lewis St TRAILER 3, Naugatuck, CT

1 Bed
1 Bath
546 sft

139 Lewis St TRAILER 3, Naugatuck, CT, 06770

Property at 83 Union Street #A, Vernon, CT

Rental Income

Listed for sale 3 days ago

1 Bed
1 Bath
520 sft

83 Union Street #A, Vernon, CT, 06066

Property at 12 Horseshoe Drive, Shelton, CT

2 Bed
1 Bath
480 sft

12 Horseshoe Drive, Shelton, CT, 06484

Property at 230 Main Street #63, Wallingford, CT

2 Bed
1 Bath
801 sft

230 Main Street #63, Wallingford, CT, 06492

Property at 1125 Waterbury Road APT 1C, Cheshire, CT

1 Bed
1 Bath
493 sft

1125 Waterbury Road APT 1C, Cheshire, CT, 06410

Property at 32 Josephine Way, Tolland, CT

- Bed
- Bath
- sft

32 Josephine Way, Tolland, CT, 06084

Why Invest in Union, Connecticut?

Investing in Connecticut properties under $500k offers a unique opportunity in a region with stable real estate values. With an average rental yield of 6% and a consistent appreciation rate of 3% per year, this is an appealing market for both new and seasoned investors looking for affordable properties with good potential returns. Additionally, the current economic landscape reveals a healthy rental market, making it an ideal time to dive into investment opportunities.

Avg. ROI

Rental Yield

Cap Rate

$500/mo

Avg. Cash Flow

$2000/mo

Avg. Rent

1Y Appreciation

Frequently Asked Questions

Investing in these properties allows you access to a stable housing market with strong rental yields and appreciation potential. It’s a great opportunity for first-time investors or those looking to expand their portfolio in a lower price bracket.

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Under $500K Investment Properties for Sale in Union, CT

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Frequently Asked Questions

What are the benefits of investing in Connecticut properties under $500k?

How is the rental market performing in Connecticut?

What is the job growth rate in Connecticut?

Are there universities in Connecticut that impact housing demand?

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