Hartford, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Hartford Neighborhoods Since 2000




Hartford, VT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hartford Housing Market Information

With a population of 9,779, 4,461 total housing units (homes and apartments), and a median house value of $254,850, Hartford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hartford, accounting for 55.48% of the town's housing units. Other types of housing that are prevalent in Hartford include large apartment complexes or high rise apartments ( 19.53%), duplexes, homes converted to apartments or other small apartment buildings ( 13.68%), and a few mobile homes or trailers ( 7.06%).

The most prevalent building size and type in Hartford are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.49% owning and 36.51% renting.

There is a lot of housing in Hartford built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hartford built before 1939 ( 20.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.39%). There's also some housing in Hartford built between 2000 and later ( 14.95%).

Vacant housing appears to be an issue in Hartford. Fully 22.97% of the housing stock is classified as vacant. Left unchecked, vacant Hartford homes and apartments can be a drag on the real estate market, holding Hartford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hartford Home Appreciation Rates

Real estate appreciation rates in Hartford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.

Appreciation rates are so strong in Hartford that despite a nationwide downturn in the housing market, Hartford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hartford appreciation rates continue to be some of the highest in America, at 7.67%, which is higher than appreciation rates in 85.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hartford. Hartford appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.60%.

Importantly, this makes Hartford one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Vermont, our data show that Hartford's latest annual appreciation rate is higher than 90% of the other cities and towns in Vermont.

Average Home Values

 

Median Home Value:
$254,850

Hartford, VT HOME PRICES

Value Range
> $1,063,000 0.8
$797,001 - $1,063,000 0.4
$531,001 - $797,000 3.8
$425,001 - $531,000 1.9
$319,001 - $425,000 12.3
$212,001 - $319,000 43.6
$106,001 - $212,000 24.3
$53,001 - $106,000 6.3
$0 - $53,000 6.7

High for VT
High for Nation

Value Relative to Nation Value Relative to State
21.8094456814719 27.7372262773723

Number Of Homes And Apartments:
4,461

Hartford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
52.37% 2.47% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Homeownership
Owners 63.49
Renters 36.51
Vacant 22.97

Housing Market Details

 

Age of Homes

AGE OF Hartford HOMES
2000 or Newer 15.0
1970 - 1999 48.9
1940 - 1969 15.4
1939 or Older 20.8

Types of Homes

TYPE OF Hartford HOMES
Single-Family 55.5
Townhomes 4.2
Small Apt. Buildings 13.7
Apt. Complexes 19.5
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Hartford HOMES
No Bedroom 2.37
1 Bedroom 11.38
2 Bedrooms 34.24
3 Bedrooms 39.41
4 Bedrooms 9.79
5 or more bedrooms 2.81