Hartford, CT—06114
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 $217,000, 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 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $217,000 | 7.6% |
| Single Family | $280,000 | 6.9% |
| Condos | $117,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | 4.1% |
3 Bed | $279,000 | 7.3% |
4 Bed | $299,000 | 6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hartford, CT
As of July '25, Rentcast reports the average rent in Hartford, CT is $1,640, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Hartford, CT is studios: $1,040, 1-bedrooms: $1,270, 2-bedrooms: $1,550, 3-bedrooms: $1,970, 4-bedrooms: $2,050. The most common rental property sizes in Hartford, CT are 2-bedroom and 1-bedroom, accounting for 53.2% and 21.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,640 |
| Studio Rent | $1,020 | $1,040 |
| 1 Bed Rent | $1,200 | $1,270 |
| 2 Bed Rent | $1,500 | $1,550 |
| 3 Bed Rent | $2,100 | $1,970 |
| 4 Bed Rent | $1,600 | $2,050 |
% 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 24. This is a decrease of -27.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | -24.0% |
Listing Count | 22 | 24.0% |
| Listings as % of Homes | 0.1% | 24.0% |
Days on Market | 24 | -27.0% |
Demographics — Hartford, CT
As of the latest ACS Survey released in 2023, Hartford, CT has a population of 25,300, which has decreased by -11.9% over the past 5 years. Hartford, CT is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | -11.9% |
% Under 18 | 24.3% | -10.0% |
% Seniors | 10.1% | 18.8% |
% WFH | 7.0% | 191.7% |
% w/ College Degree | 15.4% | 22.2% |
As of the latest ACS Survey released in 2023, Hartford, CT is a predominantly hispanic area, with 59.9% of the population identifying as hispanic. The hispanic population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Hartford, CT is black, making up 20.0% of the population. Foreign-born residents account for 31.5% of the population in Hartford, CT, and this percentage has increased by 19.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 19.1% | 60.5% |
% Black | 20.0% | -6.1% |
% Hispanic | 59.9% | -5.4% |
% Asian | 0.8% | -75.0% |
% Foreign Born | 31.5% | 19.8% |
Mortgage and Risk — Hartford, CT
According to HUD data as of 2023, there were 158 mortgage originations in Hartford, CT, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 34.0% 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. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Hartford, CT
As of 2024, the percent of homes in Hartford, CT under the Section 8 program is 25.1%. 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. 4-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 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,541 |
Total Units Section 8 | 1,522 |
% Rentals under Section 8 | 25.1% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,200 | $1,190 |
| 2 Bedroom | $0 | $1,500 | $1,500 |
| 3 Bedroom | -$290 | $2,100 | $1,810 |
| 4 Bedroom | $540 | $1,600 | $2,140 |
Affordability — Hartford, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $217,000 |
| Median Household Income | $47,900 |