New Haven Rental Property Market

[David T.]

Hi all,

I am looking to purchase a 2-4 family rental unit in the New Haven area; something close to Yale. I was wondering what the area is like. I have read articles stating New Haven's historically low vacancy rate. How does one interpret the concomitant articles of high crime and poverty. The rents appear to be relatively high compared to the low real estate prices. How is it renting to college students? Do they usually rent for 9 months of the year? Section 8. Are there other factors to consider in this area? High taxes, poor municipality services, crime, ext? Any information on this area would be helpful.

Thanks