06114, Hartford, CT

The Hartford, CT 6114 zip code is home to a population of about 204,000 people. The median household income in the 6114 zip code is $60,000, and the median home value is $213,500. The homeownership rate in the 6114 zip code is 69%, and the vacancy rate is 3%.

The Hartford market has seen strong growth over the past few years. In January of 2018, the median home price was up 5.5% from January of 2017. This growth has been driven by both increasing demand and limited supply in the Hartford market.

One factor that has helped drive demand in the Hartford market is an increase in job opportunities. The city of Hartford has seen significant economic growth over the past few years, which has led to an increase in both population and job opportunities. This increase in demand has led to an increased demand for homes and property values in the Hartford area.

Another factor that has helped drive demand for homes in the Hartford area is low interest rates. Interest rates have been low for a long time now, which makes it more affordable for people to buy homes than it would be if interest rates were higher. Low interest rates also make it more affordable for people to borrow money to buy a home than it would be if interest rates were higher.

While there are many factors that have contributed to strong growth in the Hartford market over recent years, there are also some risks associated with this growth that should be considered by buyers and sellers alike:

1) There could be a sudden decrease in demand or prices due to any number of reasons (economic recession, political instability etc.), which could lead to decreased prices and/or reduced availability of properties on the market; 2) There could be an increase in housing costs due either to increased regulation or shortages caused by development projects; 3) There could be a decrease in employment opportunities within or near Hartford – if this happens then buyers who are looking for homes within commuting distance may find those properties harder/impossible to purchase; 4) Finally there’s always potential risk from natural disasters such as floods or hurricanes – although these events tend not typically have much impact on local housing markets overall they can still cause considerable damage (and disrupt life as usual).