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Hartford – Best Place To Invest In Home

Hartford is the BEST market in the nation to invest in homes according to a CNBC report, citing five metrics used by Zillow.com to identify the best investment markets :

  • Price to income ratio is low
  • Areas where buying is a better value than renting
  • Declines in home values are slowing
  • Foreclosure rates are declining
  • Foreclosure re-sales represent a higher percentage of the market

Hartford has something for everyone; first-time home buyers, historic/antique home buyers, move-up or right-size buyers, new construction, and, investors, too!

  • There are 126 single family homes on the market in Hartford. List prices for single family homes range from $49,300 for an 850 sq. ft., 2-bedroom row house to $1,194,876 for a 7,536, 6-bedroom, 5.5 bath mansion in the City’s West End.
  • There are 85 condominium units on the market in Hartford with list prices ranging for:
    • Studio units from $54,900 to $59,900
    • 1-bedroom units from $25,000 to $224,900
    • 2-bedroom units from $30,000 to $640,000 (unit on the 25th floor of Bushnell Towers)
    • 3+bedroom units from $90,000 to $449,000
  • There are 249 multifamily homes on the market in Hartford with list prices ranging for:
    • 2-family homes from $41,900 to $289,900
    • 3-family homes from $39,900 to $338,876
    • 4-family homes from $170,000 to $289,000
    • 5+unit apartment buildings from $90,000 (for 6 units) to $1,500,000 (for 16 units)

Hartford is affordable; home prices have returned to pre-housing boom levels and the upside potential for appreciation is good according to Zillow.com. And as Mayor Segarra said today –  “Harford is where the homes are”.

Please contact me at mhagan@prudentialct.com or at 860-305-8044 for more information about the Hartford housing market.

Maria Hagan
Hartford CT Real Estate Agent
East Hartford CT Real Estate Agent
Wethersfield CT Real Estate Agent
Rocky Hill CT Real Estate Agent
Homes for Sale in Greater Hartford CT

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