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Hartford, CT Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,574
Monthly Cash Flow
-$698
Principal + Equity
$1,244
Annual Total Gain
$6,551
Cash on Cash
-16.89%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$153
Occupancy Rate
47.72%
Monthly Revenue
$1,490
Monthly Cash Flow
-$1,006
Principal + Equity
$1,244
Annual Total Gain
$2,860
Cash on Cash %
-24.33%
Net ROI %
Market Health & Growth
Median Income
$125,616
Population
119,970
LTR Renter %
32.46%
Forecast (1 yr)
3.75%
Appreciation (1 yr)
7.12%
Appreciation (5 yr)
52.6%
Appreciation (10 yr)
89.55%
Job Growth
0.63%
LTR Rentability
Moderate
STR Demand
37
STR Rentals
219
Top Public Schools
A-Hall High School
A-Conard High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A
Overall
Top-level market grade
Best Places to Live in Connecticut
#1out of 254 markets
Best Suburbs to Live in Connecticut
#1out of 73 markets
Best Suburbs for Young Professionals in Connecticut
#1out of 73 markets
A
Public School
B-
Crime And Safety
B
Housing
A-
Nightlife
A
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Hartford, CT.
As of September 2021, Hartford, CT has regulations in place for short term rentals that investors should be aware of before purchasing a property for this purpose. Some key points to consider include:
1. Zoning regulations: Hartford has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should check with the city's planning department to ensure that the property they are considering is located in a zone that permits short term rentals.
2. Registration and licensing requirements: Property owners in Hartford are required to register their short term rental with the city and obtain a license to operate. This process typically involves submitting an application, paying a fee, and meeting certain criteria set forth by the city.
3. Occupancy limits: Hartford has occupancy limits for short term rentals, which may vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Safety and health regulations: Short term rental properties in Hartford must meet certain safety and health standards to ensure the well-being of guests. This may include having working smoke detectors, carbon monoxide detectors, and fire extinguishers, as well as meeting building code requirements.
5. Taxation: Short term rental properties in Hartford are subject to local occupancy taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and factor them into their financial planning.
Overall, investors looking to purchase a property for short term rental in Hartford should familiarize themselves with the city's regulations and ensure that they are in compliance with all requirements before proceeding with their investment. Failure to do so could result in fines, penalties, or other legal consequences.
Market Trends Over Time
Explore 25 years of market data for Hartford, CT, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Hartford, CT.
The LTR Genie Score of Hartford, CT is 59 and STR Genie Score is 42, indicating a moderate level of attractiveness for long-term rental investment and a lower level for short-term rental investment. The LTR Rentability is moderate, suggesting that there is potential for steady rental income in the long term. However, the STR Genie Score is lower, indicating lower potential for short-term rental profitability. The 1-Year Price Appreciation Forecast of 3.75% suggests a stable market with potential for property value growth.
Hartford, CT is known for its rich history, diverse culture, and strong job market, making it an attractive location for real estate investment. The LTR Net ROI of 13.21% is higher than the STR Net ROI of 5.77%, indicating that long-term rental investment may offer better returns in this market. With a moderate LTR Genie Score and stable price appreciation forecast, Hartford, CT could be a promising market for long-term rental investment. However, investors should carefully evaluate the market dynamics and demand for short-term rentals before considering this option.