Updated 2026 · Based on median market data for New Haven, CT
The median monthly rent in New Haven, CT is $1,380, translating to $16,560 in annual gross rental income per unit. The rent-to-price ratio is 0.55% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in New Haven spend approximately 39% of the local median household income ($42,800) on rent. This exceeds the standard 30% affordability threshold, suggesting rent growth may face resistance — but it also means a large portion of the population finds buying even more out of reach, supporting rental demand.
The vacancy rate in New Haven is 5.5%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.1% annually provides stable demand.
New Haven's GRM (price divided by annual rent) is 15.1x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,380/mo, a single-family rental in New Haven generates approximately $16,560 in gross annual income. After accounting for 5.5% vacancy ($911 lost), property taxes of $4,125, insurance (~$1,000), and maintenance (~$1,000), the estimated NOI is $9,524 per year, or $794/mo.