Hartford, Connecticut Housing Market Prices
Hartford Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 34% below the Connecticut median$187,019
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Median rent 15% below the Connecticut median$1,260
Housing Market Overview
| Metric | Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,019 | $281,244 | $248,835 |
| Price Trend (Annual %) | 2.4% | 3.6% | 7.5% |
| Median Gross Rent | $1,260 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hartford is about 34% lower than in Connecticut. Rent is about 15% lower than the Connecticut average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hartford, up about 2.4% and 3.9% a year respectively. Rent is changing faster.
Median rent in Hartford rose about 41.4% between 2015 and 2024, from $891 to $1,260. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Hartford.
Buying the median-priced home in Hartford costs roughly 12.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hartford. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,019 | $281,244 | $248,835 |
| Median Household Income | $47,157 | $97,098 | $80,455 |
| Price-to-Income Ratio | 4.0 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hartford rose about 22.4%, while median household income rose about 56.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 23.1% | 62.8% | 58.5% |
| Rental Rate | 64.0% | 30.3% | 31.2% |
| Vacancy Rate | 12.9% | 6.9% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Hartford has a homeownership rate of 23.1%, lower than the Connecticut average of 62.8%. Its housing vacancy rate is 12.9%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1952 | 1966 | 1978 |
| Median Number of Rooms | 4.4 | 5.7 | 5.5 |
The typical housing unit in Hartford was built around 1952. On average, 2.3 people live in a home with about 4.4 rooms, staying for about 11.0 years on average.
Hartford, CT Housing Compared With Nearby Cities
How Hartford, CT compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hartford, CT | 116,992 | $187,019 #2/2 | $1,260 #2/2 | 26.5% #2/2 |
| West Hartford, CT | 59,547 | $326,256 | $1,786 | 67.2% |
Frequently Asked Questions
Common questions about the housing market in Hartford, Connecticut.
What is the median home price in Hartford, Connecticut?
The median home price in Hartford, Connecticut is $187,019, lower than the Connecticut average of $281,244.
What is the average home price in Hartford, Connecticut?
The typical home price in Hartford, Connecticut, reported as the median sale price, is $187,019. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hartford, Connecticut?
The median gross rent in Hartford, Connecticut is $1,260 per month, lower than the Connecticut average of $1,481.
What was the median gross rent in Hartford in 2020?
In 2020, the median gross rent in Hartford, Connecticut was $1,039 per month.
What is the price-to-rent ratio in Hartford, Connecticut?
The price-to-rent ratio in Hartford, Connecticut is about 12.4, meaning it would take roughly 12.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hartford.
Are home prices or rent rising faster in Hartford, Connecticut?
Both home prices and rent are rising in Hartford, up about 2.4% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Hartford, Connecticut?
23.1% of households in Hartford, Connecticut own their home, lower than the Connecticut average of 62.8%.
What is the vacancy rate in Hartford, Connecticut?
The housing vacancy rate in Hartford, Connecticut is 12.9%, higher than the Connecticut average of 6.9%.
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