Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | West Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $318,893 | $290,235 | $242,182 |
| Price Trend (Annual %) | 9.2% | 4.7% | 8.2% |
| Median Gross Rent | $1,649 | $1,419 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Hartford is about 10% higher than in Connecticut. Rent is about 16% higher than the Connecticut average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in West Hartford, up about 9.2% and 3.9% a year respectively. Home prices are changing faster.
Median rent in West Hartford rose about 33.3% between 2015 and 2023, from $1,237 to $1,649. Over the same span, rent in Connecticut rose about 31.1%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in West Hartford.
Buying the median-priced home in West Hartford costs roughly 16.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in West Hartford. The price-to-rent ratio in Connecticut is about 17.0.
| Metric | West Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $318,893 | $290,235 | $242,182 |
| Median Household Income | $123,354 | $95,363 | $78,145 |
| Price-to-Income Ratio | 2.6 | 3.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in West Hartford rose about 73.5%, while median household income rose about 52.2% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | West Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.4% | 62.2% | 58.2% |
| Rental Rate | 32.4% | 30.3% | 31.3% |
| Vacancy Rate | 4.3% | 7.5% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
West Hartford has a homeownership rate of 63.4%, higher than the Connecticut average of 62.2%. Its housing vacancy rate is 4.3%, compared with 7.5% in Connecticut.
Housing Stock
| Metric | West Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1956 | 1966 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in West Hartford was built around 1956. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in West Hartford, Connecticut.
What is the median home price in West Hartford, Connecticut?
The median home price in West Hartford, Connecticut is $318,893, higher than the Connecticut average of $290,235.
What is the average home price in West Hartford, Connecticut?
The typical home price in %s, reported as the median sale price, is %s. 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 West Hartford, Connecticut?
The median gross rent in West Hartford, Connecticut is $1,649 per month, higher than the Connecticut average of $1,419.
What was the median gross rent in West Hartford in 2020?
In 2020, the median gross rent in West Hartford, Connecticut was $1,362 per month.
What is the price-to-rent ratio in West Hartford, Connecticut?
The price-to-rent ratio in West Hartford, Connecticut is about 16.1, meaning it would take roughly 16.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in West Hartford.
Are home prices or rent rising faster in West Hartford, Connecticut?
Both home prices and rent are rising in West Hartford, up about 9.2% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in West Hartford, Connecticut?
63.4% of households in West Hartford, Connecticut own their home, higher than the Connecticut average of 62.2%.
What is the vacancy rate in West Hartford, Connecticut?
The housing vacancy rate in West Hartford, Connecticut is 4.3%, lower than the Connecticut average of 7.5%.