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

Employment Report for Hartford, Connecticut -- Annual 2005 Industry Summary

In Hartford, Manufacturing, Finance and insurance, and the Retail Trade industries are the largest employment industries. The Manufacturing provides the most jobs and contributes . percent of the total MSA employment. This totals 73,956 individuals. The Finance and insurance and Retail Trade industries total . and . percent of industry employment.

Educational services is the industry that has grown the most in terms of employment from 2001-2005 in Hartford, with an employment growth of 12.7 percent. This is less than the change of total jobs in the industry for the United States of 13.8 percent. The State of Connecticut felt a shift in employment in the industry of 12.4 percent, during the period.

A high-wage industry in Hartford is the finance and insurance industry with wages that annually pay $86,571. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 21.8 percent or $15,475. The State of Connecticut shows a similar job market in the finance and insurance sector, placing near the top of industries in term of the average annual pay of 2004.

Manufacturing has the largest businesses in Hartford Metro Area. The industry averages 37 jobs per establishment, which is less than the industry's average at the national level of 39 and greater than the State of Connecticut typical size of 36 for the Manufacturing industry.









Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).