Hartford's population has shown a modest increase, reaching approximately 1,169,048 in the fourth quarter of 2026, reflecting a year-over-year growth rate of about 1.5%. This marks a recovery from a decline observed in 2023, when the population dipped to 1,151,543. The region has experienced net migration of 15,541 individuals, contributing positively to the demand for housing. The median household income stands at $94,419, while the unemployment rate is reported at 4.7%. With 33% of the population renting, these demographic factors are crucial drivers of housing demand in the area.
In terms of multifamily fundamentals, the median gross rent in Hartford is $1,458, with a year-over-year rent growth of 6.5%. This growth is significantly above the national median increase of 3.5%, indicating a robust rental market. The asking rents for various unit types, including $1,133 for studios and $1,992 for three-bedroom units, suggest a competitive rental landscape. However, the affordability of these rents may be a concern, particularly when compared to the median household income, which could impact future demand and tenant retention.
The capital markets in Hartford have seen considerable activity over the trailing 24 months, with 828 transactions totaling approximately $333.3 million. The median price per unit stands at $150,000, which is about 25% lower than the national median of $199,975. Multifamily cap rates are currently at 7.04%, roughly 30 basis points tighter than the national median. This data indicates a favorable investment environment, although the disparity in pricing may suggest a cautious approach for potential investors. According to CBRE Research, the multifamily sector remains resilient, supported by ongoing population growth and strong rental demand.
Figures assembled automatically from public property records, third-party listing feeds, licensed market data, and federal sources (HUD, Census, BLS).
MIDDLETOWN, CONN. — Colliers has brokered the sale of a 32,000-square-foot industrial building in Middletown, a southern suburb of Hartford. The building sits on a 3.5-acre site at 2303 S. Main St. and features a clear height of 20 feet. Philip Gagnon of Colliers represented the undisclosed buyer in the…
AVON, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $42 million sale of Avon Woods, a 189-unit apartment complex located on the western outskirts of Hartford. The site spans 47 acres, and the property offers one-, two- and three-bedroom units that range in size from 925 to…
A joint venture comprising Regal Ventures, Snowball Developments and Devli Real Estate has acquired a 186,603-square-foot, single-tenant industrial asset located at 600 Day Hill Rd. in Windsor, CT, near Hartford’s Bradley International Airport. The acquisition price was not disclosed. All three partners are based in the New York City area.…
Biotech firm Invivyd is more than tripling its headquarters space in downtown New Haven, CT by signing a long-term lease for about 33,000 square feet at a landmark building neighboring Yale University. The transaction was reported by Hartford Business Journal. Invivyd will take space at 205 Church St., an historic…
HARTFORD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $14.3 million sale of a portfolio of 23 multifamily properties totaling 167 units in Hartford. Known as the West End Hartford Portfolio, the buildings are situated within three blocks of one another in the state capital…
VERNON, CONN. — CBRE has negotiated the $62.5 million sale of Tri-City Plaza, a 295,817-square-foot shopping center in Vernon, located northeast of Hartford. Grocer Shoprite anchors the center, which was 96 percent leased at the time of sale. Other tenants include T.J. Maxx, HomeGoods, HomeSense and Hartford Healthcare. Jeffrey Dunne,…
| Sold | Address | Type | Units | Price | $/Unit |
|---|---|---|---|---|---|
| 2025-05-21 | 85 Clark St, New Britain, CT 06051 | Multifamily | 2 | $360K | $180,000 |
| 2025-05-20 | 19 Goodwill Ave, Meriden, CT 06451 | Multifamily | — | $670K | — |
| 2025-05-20 | 25 Winter St, Manchester, CT 06040 | Multifamily | 2 | $508K | $254,000 |
| 2025-05-19 | 11 Joshua Ln, Clinton, CT 06413 | Multifamily | 2 | $500K | $250,000 |
| 2025-05-19 | 21 Hathaway Ln, Manchester, CT 06040 | Multifamily | 2 | $260K | $130,100 |
| 2025-05-16 | 14 Gold St, Stafford Springs, CT 06076 | Multifamily | 2 | $360K | $180,000 |
| 2025-05-16 | 241 Belden St, New Britain, CT 06051 | Multifamily | 2 | $436K | $218,000 |
| 2025-05-16 | 85 Chestnut St, Middletown, CT 06457 | Multifamily | 2 | $375K | $187,500 |
| 2025-05-16 | 130 Marconi Ave, Bristol, CT 06010 | Multifamily | 3 | $500K | $166,667 |
| 2025-05-16 | 35-37 Clifford St, Hartford, CT 06114 | Multifamily | 4 | $510K | $127,500 |
| 2025-05-16 | 162 Jubilee St, New Britain, CT 06051 | Multifamily | 3 | $520K | $173,333 |
| 2025-05-15 | 143 Wilson St, Hartford, CT 06106 | Multifamily | 3 | $275K | $91,667 |
| 2025-05-15 | 35 Prince St, Bristol, CT 06010 | Multifamily | 2 | $350K | $175,004 |
| 2025-05-15 | 47-49 Mountford St, Hartford, CT 06114 | Multifamily | 2 | $275K | $137,500 |
| 2025-05-15 | 116 Baltimore St, Hartford, CT 06112 | Multifamily | 3 | $315K | $105,000 |
| 2025-05-13 | 20-22 Hebron St, Hartford, CT 06112 | Multifamily | 2 | $312K | $156,000 |
| 2025-05-13 | 27-29 8th St, Newington, CT 06111 | Multifamily | 2 | $360K | $180,000 |
| 2025-05-13 | 28 Bacon Ave, Middletown, CT 06457 | Multifamily | 2 | $375K | $187,500 |
| 2025-05-12 | 174-176 Standish St, Hartford, CT 06114 | Multifamily | 6 | $750K | $125,000 |
| 2025-05-12 | 275 Prospect St, Willimantic, CT 06226 | Multifamily | 2 | $347K | $173,500 |
| 2025-05-09 | 46 Annawan St, Hartford, CT 06114 | Multifamily | 3 | $380K | $126,667 |
| 2025-05-09 | 24 Bacon Ave, Middletown, CT 06457 | Multifamily | 2 | $355K | $177,500 |
| 2025-05-09 | 16 Waverly Ave, Portland, CT 06480 | Multifamily | 2 | $405K | $202,500 |
| 2025-05-09 | 140 Enfield St, Hartford, CT 06112 | Multifamily | 3 | $435K | $145,000 |
| 2025-05-09 | 125 W Main St, Clinton, CT 06413 | Multifamily | 2 | $415K | $207,500 |
| 2025-05-08 | 353 Wethersfield Ave, Hartford, CT 06114 | Multifamily | 6 | $268K | $44,583 |
| 2025-05-08 | 103 Nathan Hale Rd, Coventry, CT 06238 | Multifamily | 2 | $339K | $169,500 |
| 2025-05-08 | 137 Newington Ave, New Britain, CT 06051 | Multifamily | 2 | $365K | $182,500 |
| 2025-05-07 | 48 Jackson St, Middletown, CT 06457 | Multifamily | 3 | $475K | $158,333 |
| 2025-05-07 | 49-51 Maplewood Ave, West Hartford, CT 06119 | Multifamily | 3 | $705K | $235,000 |
| 2025-05-07 | 212 Park Rd, West Hartford, CT 06119 | Multifamily | — | $775K | — |
| 2025-05-06 | 106 Judd Ave, New Britain, CT 06051 | Multifamily | 2 | $225K | $112,500 |
| 2025-05-05 | 13 Spring St, Windham, CT 06226 | Multifamily | — | $412K | — |
| 2025-05-02 | 237 Dix Ave, Newington, CT 06111 | Multifamily | 2 | $400K | $200,000 |
| 2025-05-02 | 335 Washington St, New Britain, CT 06051 | Multifamily | 3 | $455K | $151,667 |
| 2025-05-02 | 97-99 Maplewood Ave, West Hartford, CT 06119 | Multifamily | 2 | $747K | $373,250 |
| 2025-05-02 | 30 Summer St, Manchester, CT 06040 | Multifamily | 2 | $227K | $113,500 |
| 2025-05-01 | 945 Glastonbury Tpke, Portland, CT 06480 | Multifamily | 2 | $405K | $202,500 |
| 2025-05-01 | 8 Center St, Willington, CT 06279 | Multifamily | 3 | $535K | $178,333 |
| 2025-05-01 | 47 Norfolk St, Hartford, CT 06112 | Multifamily | — | $490K | — |
| 2025-05-01 | 22 Lewis Ave, Meriden, CT 06451 | Multifamily | 2 | $250K | $125,000 |
| 2025-05-01 | 44-46 James St, Hartford, CT 06106 | Multifamily | 3 | $418K | $139,333 |
| 2025-05-01 | 250 Homestead Ave, Hartford, CT 06112 | Multifamily | 6 | $600K | $100,000 |
| 2025-05-01 | 132 Clark St, New Britain, CT 06051 | Multifamily | 2 | $330K | $165,000 |
| 2025-04-30 | 56-58 Austin St, New Britain, CT 06051 | Multifamily | 2 | $365K | $182,500 |
| 2025-04-30 | 54 Burnham St, Terryville, CT 06786 | Multifamily | 2 | $230K | $115,000 |
| 2025-04-30 | 246 Preston St, Hartford, CT 06114 | Multifamily | 2 | $438K | $219,000 |
| 2025-04-30 | 92 Highland Ave, Windsor, CT 06095 | Multifamily | 2 | $344K | $171,875 |
| 2025-04-30 | 3 Elliott Pl, Hartford, CT 06114 | Multifamily | 2 | $260K | $130,000 |
| 2025-04-30 | 8 Locust St, New Britain, CT 06051, Spojené štáty americké | Multifamily | 3 | $370K | $123,333 |
Recorded multifamily sales from public property records and third-party listing feeds over the trailing 24 months — a partial sample, not an exhaustive market index. Sources & methodology →
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