Hartford, CT—06112
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hartford, CT
As of Oct '25, the median home price in Hartford, CT is $249,000, with a year-over-year change of 7.6%. This indicates that home prices in Hartford, CT are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 7.6% |
| Single Family | $254,000 | 7.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | 10.4% |
3 Bed | $250,000 | 8.2% |
4 Bed | $268,000 | 5.5% |
| 5 Bed | $320,000 | 3.6% |
% of Housing Stock
Rental Trends — Hartford, CT
As of July '25, Rentcast reports the average rent in Hartford, CT is $1,710, with a year-over-year rent change of -14.5%. Per bedroom, the median rent as of July '25 in Hartford, CT is 1-bedrooms: $1,320, 2-bedrooms: $1,560, 3-bedrooms: $1,830, 4-bedrooms: $2,350. The most common rental property sizes in Hartford, CT are 3-bedroom and 2-bedroom, accounting for 35.3% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $1,800 | $1,830 |
| 4 Bed Rent | $2,400 | $2,350 |
% of Rental Stock
Property Listings — Hartford, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Hartford, CT is 74. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 27.0% |
Listing Count | 13 | -31.0% |
| Listings as % of Homes | 0.3% | -31.0% |
Days on Market | 74 | 9.0% |
Demographics — Hartford, CT
As of the latest ACS Survey released in 2023, Hartford, CT has a population of 21,900, which has increased by 3.9% over the past 5 years. Hartford, CT is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 9.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 3.9% |
% Under 18 | 24.0% | 12.1% |
% Seniors | 12.2% | -10.9% |
% WFH | 5.8% | 28.9% |
% w/ College Degree | 9.7% | -18.5% |
As of the latest ACS Survey released in 2023, Hartford, CT is a predominantly black area, with 69.4% of the population identifying as black. The black population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Hartford, CT is hispanic, making up 19.1% of the population. Foreign-born residents account for 26.4% of the population in Hartford, CT, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 9.2% | 26.0% |
% Black | 69.4% | -10.9% |
% Hispanic | 19.1% | 41.5% |
% Asian | 1.2% | 500.0% |
% Foreign Born | 26.4% | 0.0% |
Mortgage and Risk — Hartford, CT
According to HUD data as of 2023, there were 204 mortgage originations in Hartford, CT, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Hartford, CT. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 204 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hartford, CT
As of 2024, the percent of homes in Hartford, CT under the Section 8 program is 35.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Hartford, CT, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,798 |
Total Units Section 8 | 1,634 |
% Rentals under Section 8 | 35.6% |
% Occupied Section 8 | 88.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,300 | $1,260 |
| 2 Bedroom | $100 | $1,500 | $1,600 |
| 3 Bedroom | $130 | $1,800 | $1,930 |
| 4 Bedroom | -$110 | $2,400 | $2,290 |
Affordability — Hartford, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $249,000 |
| Median Household Income | $47,000 |