East Lyme, CT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the East Lyme short-term rental market based on reliable data.

Listings

33 / 55

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$46,662

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$533,523

Median Home Sale Price

Top Earners

$106,325

Top-Earners Revenue

East Lyme

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in East Lyme.

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B

Generally Investor friendly

East Lyme Regulations

STRs are currently allowed by default due to zoning silence and the Wihbey decision, with compliance steps that are clear but not overly complex: state tax registration, 15% room occupancy tax, safety inspections when renting to 7+ people, occupancy/parking limits, noise rules, and upcoming permitting/registration under Public Act 24-143 that adds moderate fees and oversight without strict caps.

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About East Lyme

East Lyme is a coastal town in New London County, Connecticut, with a population of approximately 19,000 residents. It sits along the western shore of the Niantic River where the river meets Long Island Sound, and it serves as a quiet coastal community that doubles as a gateway to southeastern Connecticut's shoreline. The town is roughly 50 miles southeast of Hartford and about 110 miles northeast of New York City, putting it within an easy weekend drive of both the New York and Hartford metro areas. East Lyme has a relaxed, year-round New England beach-town character, with a working waterfront at Niantic, a walkable village center, and a mix of year-round residents and seasonal visitors.

Rocky Neck State Park occupies a stretch of East Lyme's coastline along Long Island Sound, offering a sandy beach, salt marsh boardwalks, and short hiking trails. The main entrance is only a few minutes' drive from the village center. Visitors come for swimming in summer, the fall migration of shorebirds, and the spring arrival of ospreys nesting near the lagoon, and park access requires a Connecticut state park pass or a daily fee.

Just across the Niantic River, the neighboring town of Old Lyme is home to the Florence Griswold Museum, the former home of the painter who hosted the Lyme Art Colony in the early twentieth century. The museum is about a ten-minute drive from East Lyme and features a Federal-period house filled with American Impressionist paintings, gardens sloping down to the Lieutenant River, and rotating exhibitions. It anchors the broader Old Lyme art scene and draws a steady stream of cultural visitors.

About twenty minutes east of East Lyme, the village of Mystic is one of southern New England's well-known tourist destinations, anchored by the recreated nineteenth-century seafaring village at Mystic Seaport and the Mystic Aquarium. The seaport includes tall ships, working boat shops, and a recreated New England coastal village, while the aquarium features beluga whales, sea lions, and indoor and outdoor exhibits. The downtown area along Main Street adds a layer of restaurants, bookstores, and ice cream shops that draw families throughout the year.

For visitors interested in a longer beach day, Hammonasset Beach State Park in Madison lies roughly twenty-five minutes west of East Lyme along the shoreline. It is Connecticut's largest public beach, with more than two miles of sand, a paved campground, a nature center, and the Meigs Point Nature Trail looping out into the marsh. The park is a favorite for swimming, cycling, and birdwatching, and it provides a useful contrast to the smaller beaches inside East Lyme itself.

East Lyme combines the appeal of a quiet, walkable coastal village with convenient access to many of southeastern Connecticut's most visited destinations. Owners of short-term rentals here can attract beachgoers in summer, leaf-peepers in autumn, and year-round visitors drawn to Mystic, the Florence Griswold Museum, and two large state parks within a half-hour drive. Its position between New York, Hartford, and Providence, and its proximity to the Mohegan Sun and Foxwoods casino resorts, also give it a broad and fairly consistent visitor base beyond pure seasonal tourism.

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