Real Estate Investing in Hartford, Connecticut (06114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06114 (Hartford, CT)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
What’s happening in Hartford, CT (06114)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06114 Hartford
The 06114 ZIP covers a section of Hartford that demands careful diligence. Prices near $224K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 06114 can be a a credible choice for hunting ground — but the discount at $224K reflects genuine risk that outside investors often underestimate.
Within CT, ZIP 06114 trails on several market indicators that neighboring Hartford County submarkets outperform. The gap is real and significant enough to shape underwriting.
The demographic picture in 06114 includes headwinds that any investor should price in. Income distribution skews lower than Hartford averages, and tenant stability requires active management.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Hartford:
Property Strategy for 06114
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $153,516 | $1,780 | 8.3% | +8.0% | $76,758 |
| 3BR | $278,673 | $2,130 | 5.5% | +10.0% | $92,891 |
| 4BR | $298,810 | $2,420 | 5.8% | +9.4% | $74,702 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06114 Compare?
| Metric | 06114 | Hartford | Hartford-East Hartford-Middletown, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $223,726 | $203,633 | N/A | $425,784 |
| 5-Year CAGR | 8.6% | 7.6% | N/A | 9.3% |
| Avg Rent | $1,568 | $1,664 | N/A | - |
| Cap Rate | 5.5% | 6.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06114 (Hartford, CT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 06114 (Hartford, CT)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Hartford County
Manage rentals here? List your business →AMF Property Management Corporation provides property management services. summary from their website
Evolution Property Management is committed to client success. summary from their website
Metro Property Management LLC offers full-service property and facilities management for residential, commercial, and condo associations in Connecticut. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $223,726 |
| Monthly Rent | $1,568 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 14.1% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 06114
Population: 25,283
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 06114
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Hartford Public High School
Kinsella Magnet School of Performing Arts: PK-8 Campus
Parkville Community School
Samuel B. Webb Elementary School
Sanchez School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 9,597 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Hartford, CT?
Typical homes in Hartford, CT go for around $224K. The 5-year CAGR of 0.0% even-keeled price movement.
How quickly do rentals get leased in Hartford, CT?
Occupancy in Hartford, CT runs predictable with elevated vacancy. Well-priced units at $1,568/mo lease on reasonable timelines.
Does house hacking make sense in Hartford, CT?
House hacking in Hartford, CT is a challenging. With home values around $224K and rents at $1,568/mo, owner-occupants can offset a meaningful share of PITI.
How strong are rents in Hartford, CT?
Hartford, CT rentals go for roughly $1,568/mo a month. That puts gross yield in solid territory relative to $224K acquisition costs.
How landlord-friendly is Hartford, CT?
For rental operators, Hartford, CT rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 06114 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06114 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 06114 ranks in Hartford-East Hartford-Middletown, CT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 06114 (Hartford)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 06114 (Hartford, CT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.