Saturday, November 11, 2006

Housing Report for Hartford-West Hartford-East Hartford

In Hartford-West Hartford-East Hartford, the census reported 486,251 homes in 2005. The metro area has experienced a medium level of growth in the number housing units, adding a sum of 11,537 housing units since the year 2001, or 2.4 percent.

Hartford-West Hartford-East Hartford recorded a median home value in 2005 of $229,400, accounted by the American Community Survey. This home value is less than the Connecticut 2005 home value of $271,500 and greater than median owner-occupied dwelling value of $167,500 for the United States in the same year.

Looking across the State of Connecticut, Hartford-West Hartford-East Hartford places 2 of the 4 metro areas by percentage growth in residential real estate. The metro area is positioned 297 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Hartford-West Hartford-East Hartford is made up of a relatively high percentage of homes that are high in price. For 2005, the American Community Survey reports that 6.2 percent of the houses were valued over a half a million dollars.

There is a limited amount of real estate that is affordable in Hartford-West Hartford-East Hartford, Connecticut. In 2005, only 8.7 percent of owner-occupied dwellings were valued under $125k.



Data Source: U.S. Census Bureau

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