New Britain, CT 6053 - Real Estate Investment Insights & Performance Data

Welcome to our 6053 real estate data hub, tailored for investors in New Britain, CT. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 6053 in New Britain, CT. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HARTFORD COUNTY.

Leverage our comprehensive, zip code-specific data to excel in New Britain, CT real estate investing. Uncover the wealth of information available, and position yourself for success in the New Britain property market.

• Location Overview

  • Zip Code: 6053
  • City: New Britain
  • State: CT
  • Metro Area: Hartford-East Hartford-Middletown, CT
  • County Name: HARTFORD COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $233,065
  • Average Home Price (Single Family Homes): $241,294
  • Average Monthly Rental Price (All Types): $1,349
  • Price-to-Rent Ratio: 14
  • Zillow Projected % appreciation from 4/2023-4/2024: -0.6%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,400
  • Average 3 Bedroom Section 8 Rental Rates: $1,700
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 13.87
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.42
  • Number of Units Offered in Section 8 in the County: 8948
  • Number of Occupied Units in Section 8 in the County: 8455
  • Percentage of Section 8 Units Occupied in the County: 94.5%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 65.11
  • Total % Appreciation since 2000 (Government Data): 113.87
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.07%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 9.64%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 35.82%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 49.99%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 68.79%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 190.45%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.77%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 14.12%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%