Hartford has a total population of 123,400 and 23.70% of the population own their home. 76.30% of the occupied housing units are renters within the Hartford metro area. The median gross rent from 2014 - 2016 was $914. Today, the rental rate has risen 28.67% from 2016. Residents tend to be more long term with 78.90% staying in their residence for more than 1 year. For those who own a home, the median value of the house is $159,100.

Rental Rates in Hartford

The average rental rate for all rental properties within Hartford is $1,176. The rental rates by bedrooms is as follows. A studio is $970, a one bedroom is $1,116, a two bedroom is $1,358, and for three bedrooms, the rental rate is $1,092. The average sq ft for a rental unit is 804 sq. ft. With 3 bedrooms being about on average 1,150 sq. ft.

By neighborhood, the average rental rates in Hartford are as follows:

North Meadows - $847

Clay Arsenal - $847

North East Hartford - $879

West End Hartford - $909

Asylum Hill - $909

Blue Hills - $910

South West Hartford - $1,143

South Green - $1,143

Sheldon Charter Oak - $1,143

Barry Square - $1,143

Parkville - $1,163

Frog Hollow - $1,163

Behind the Rocks - $1,163

Demographics

The total population under the age of 18 is 31.70%. While those over 65 is 9.90%. Women make up 51.80%, while men make up the remaining 48.20%.

36.20% of the population is White, 44.00% is Latino and 37.80% African American.

Education and Economy

31.90% of the population in Hartford is considered to be at the poverty level. The education level is rather high with 72.10% with a high school degree or higher. The median annual household salary for Hartford is $32,095 with 46.15% of all businesses within the city being owned by men, while 41.12% are owned by women and 55.81% of businesses are minority owned.