Department of Numbers

Hartford Connecticut Residential Rent and Rental Statistics

The median monthly gross residential rent in Hartford, CT (the Hartford-West Hartford-East Hartford metro area) was $1,039 in 2015 according to the Census ACS survey.1 Average gross rent in Hartford was $1,017 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Hartford median and average rent data will be released in September of 2017.

Data is also available below for Hartford rental vacancy rates, Hartford rent as a percent of median income and the fraction of renters in Hartford.

Show dollars as: Nominal Real

Real Gross Rent in Hartford Connecticut (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Connecticut Median Gross Rent $1,108 +3.45% +8.41%
Hartford, CT Median Gross Rent $1,039 +4.53% +9.25%

Hartford, CT Real Gross Rent Trends

At $1,039, real median gross rent in Hartford was at its highest level in 2015 since the series began in 2005. At $1,017, real average gross rent in Hartford was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Hartford: Hartford CT Median, Hartford CT Average, Connecticut Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hartford

Date US
Median
Connecticut
Median
Hartford, CT
Median
Hartford, CT
Average
2015 $959 $1,108 $1,039 $1,017
2014 $930 $1,071 $994 $974
2013 $898 $1,032 $971 $946
2012 $886 $1,022 $951 $950
2011 $887 $1,040 $979 $984
2010 $901 $1,045 $968 $961
2009 $905 $1,081 $985 $981
2008 $920 $1,083 $1,027 $1,004
2007 $874 $1,031 $975 $954
2006 $883 $1,026 $946 $945
2005 $858 $989 $926 $891

Hartford Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Hartford Connecticut was 6.84% according to Census ACS data.

Rental Vacancy Rate in Hartford Connecticut

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Connecticut 6.78% +0.06% -0.19%
Hartford, CT 6.84% -0.35% -0.55%

Trends in Hartford, CT Rental Vacancy Rate

The rental vacancy rate in Hartford peaked in 2009 at 7.85%. Since then it has fallen by 1.01% to 6.84%. Data records for this series originated in 2005.

Rental Vacancy Rate: Hartford CT, Connecticut, US

Rental vacancy rate in Connecticut

Historical Rental Vacancy Rate data for Hartford

Date US Connecticut Hartford, CT
2015 5.85% 6.78% 6.84%
2014 6.32% 6.72% 7.19%
2013 6.49% 6.58% 7.16%
2012 6.77% 6.97% 7.39%
2011 7.40% 7.87% 7.45%
2010 8.17% 7.09% 6.43%
2009 8.43% 7.84% 7.85%
2008 7.86% 7.27% 6.39%
2007 7.87% 7.33% 7.39%
2006 7.70% 6.16% 6.63%
2005 7.74% 6.58% 6.76%

Rent as a Fraction of Income

Using median household income data for Hartford, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hartford, median monthly gross rent as a fraction of median household income was 17.25% in 2015 according to the ACS.

Hartford Connecticut Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Connecticut 18.64% +0.20% +0.46%
Hartford, CT 17.25% -0.24% +0.20%

Trends in Hartford, CT Rent as a Fraction of Income

The fraction of median Hartford household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 17.90%. Since then it has fallen by 0.64% to 17.25%.

Fraction of Income towards Rent: Hartford CT, Connecticut, US

Percent of median household income going towards median monthly gross rent in Hartford Connecticut

Historical Data for Annual Rent as a Fraction of Income in Hartford Connecticut

Date US Connecticut Hartford, CT
2015 20.63% 18.64% 17.25%
2014 20.89% 18.43% 17.49%
2013 20.78% 18.60% 17.69%
2012 20.65% 18.18% 17.05%
2011 20.70% 18.63% 17.90%
2010 20.50% 18.59% 17.48%
2009 20.12% 18.01% 16.75%
2008 19.00% 16.97% 16.44%
2007 18.66% 16.94% 16.41%
2006 18.90% 16.76% 15.88%
2005 18.89% 16.52% 15.38%

Renter Fraction in Hartford Connecticut

You can calculate the renter fraction in Hartford in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Hartford as a fraction of total Hartford households. In 2015 33.53% of households were renters according to Census ACS data.

Hartford Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Connecticut 33.84% +0.22% +0.75%
Hartford, CT 33.53% +0.17% +0.22%

Trends in the Hartford, CT Renter Fraction

At 33.53%, the 2015 household based renter fraction in Hartford was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Hartford CT, Connecticut, US

Fraction of renters in Hartford

History of Hartford Renter Fraction

Date US Connecticut Hartford, CT
2015 36.97% 33.84% 33.53%
2014 36.90% 33.62% 33.36%
2013 36.50% 33.69% 33.25%
2012 36.09% 33.09% 33.31%
2011 35.42% 32.60% 32.62%
2010 34.65% 32.03% 31.79%
2009 34.13% 31.15% 30.34%
2008 33.36% 31.01% 31.33%
2007 32.80% 29.97% 30.92%
2006 32.73% 30.48% 30.94%
2005 33.10% 30.51% 30.56%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.