Hartford, CT—06106
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 $224,000, with a year-over-year change of 8.1%. 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 | $224,000 | 8.1% |
| Single Family | $267,000 | 6.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 8.6% |
3 Bed | $268,000 | 5.9% |
4 Bed | $296,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hartford, CT
Hartford, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,640 |
| Studio Rent | $1,100 | $1,580 |
| 1 Bed Rent | $1,300 | $1,290 |
| 2 Bed Rent | $1,600 | $1,630 |
| 3 Bed Rent | $1,800 | $1,820 |
| 4 Bed Rent | $1,900 | $1,940 |
% 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 31. This is a decrease of -15.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | 5.0% |
Listing Count | 28 | -5.0% |
| Listings as % of Homes | 0.2% | -5.0% |
Days on Market | 31 | -15.0% |
Demographics — Hartford, CT
As of the latest ACS Survey released in 2023, Hartford, CT has a population of 37,800, which has remained stable by -0.0% over the past 5 years. Hartford, CT is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 16.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,800 | 0.0% |
% Under 18 | 23.8% | 3.9% |
% Seniors | 12.3% | 7.0% |
% WFH | 9.2% | 130.0% |
% w/ College Degree | 16.6% | 13.7% |
As of the latest ACS Survey released in 2023, Hartford, CT is a predominantly hispanic area, with 60.4% of the population identifying as hispanic. The hispanic population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Hartford, CT is black, making up 20.9% of the population. Foreign-born residents account for 19.5% of the population in Hartford, CT, and this percentage has increased by 10.8% 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 | 15.5% | -6.6% |
% Black | 20.9% | -5.0% |
% Hispanic | 60.4% | 3.1% |
% Asian | 3.4% | 25.9% |
% Foreign Born | 19.5% | 10.8% |
Mortgage and Risk — Hartford, CT
According to HUD data as of 2023, there were 301 mortgage originations in Hartford, CT, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Hartford, CT. Investor activity is low, as 5.0% 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 | 301 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% 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 27.2%. 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 | 3,269 |
Total Units Section 8 | 2,948 |
% Rentals under Section 8 | 27.2% |
% Occupied Section 8 | 89.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,300 | $1,130 |
| 2 Bedroom | -$170 | $1,600 | $1,430 |
| 3 Bedroom | -$80 | $1,800 | $1,720 |
| 4 Bedroom | $140 | $1,900 | $2,040 |
Affordability — Hartford, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $224,000 |
| Median Household Income | $47,500 |