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1031 Exchange Hartford, Connecticut

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Hartford due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Hartford, Connecticut is a part of the Hartford-East Hartford-Middletown, CT metropolitan area, and contains 36 zip codes, including: 06123, 06140, 06126, 06101, 06104, and 06151.

Hartford Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hartford, CT metropolitan area was $1,179, which is 13.91% lower than 2014 average rent. This represents a compounded annual growth rate of 2.64%. 2019 vacancy in Hartford, CT was 4.40%.

The total population of the city of Hartford, CT has decreased 1.75% since 2010. As of 2018, the population was 122,587. The median household income of the Hartford was $34,338, which is 43.05% lower than the national average.

  • metropolitan area Hartford-East Hartford-Middletown, CT
  • avg rent $1,179
  • rent growth 13.91%
  • vacancy 4.40%
  • median income $34,338
  • population (2018) 122,587
  • population growth -1.75%
  • vs. nat'l avg 43.05%
  • zip codes 06101 06102 06103 06104 06105 06106 06112 06114 06115 06120 06123 06126 06132 06134 06140 06141 06142 06143 06144 06145 06146 06147 06150 06151 06152 06153 06154 06155 06156 06160 06161 06167 06176 06180 06183 06199

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