06160, Hartford, CT

The Hartford, CT 6160 zip code has a population of around 197,000 people and is located in the Northeast region of the United States. The median home value in this zip code is $212,500 which is significantly higher than the national median home value of $177,500. In addition, the average home equity in this zip code is $130,000 which is also significantly higher than the national average of $63,700.

One reason that homes in this zip code are so valuable is that Hartford has a high rate of home ownership. According to Zillow’s 2018 Home Values report, approximately 83% of households in this zip code own their homes which is much higher than the national homeownership rate of 62%. This high rate of homeownership contributes to the high home values and home equity in this zip code.

Another factor that contributes to high home values and home equity in this zip code are the low rates of unemployment and poverty. According to The Daily Review’s 2019 State Of Connecticut report, only 3% of households in Hartford are living below the poverty line which is much lower than both Connecticut’s statewide poverty rate (8%) and national poverty rate (15%). In addition, Hartford has an unemployment rate of 4%, which is lower than both Connecticut’s statewide unemployment rate (5%) and national unemployment rate (4%). These low rates of unemployment and poverty help to ensure that there are enough people available to buy homes and increase homeowner confidence.

Overall, it can be said that homes in the Hartford 6160 zip code are very valuable due to its high rates of homeownership, low rates of unemployment and poverty, and overall healthy economy.