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Zip Code 06106

Hartford, CT • Hartford County

Real Estate Market Analysis

Q3 2025 Report
$295,750 (June 2025), up 3.8% YoY
Median Home Value
Estimated 30,000-35,000 (06106 area)
Population
$38,000-$42,000 (well below CT median)
Median Income
Below state average; struggles with funding and outcomes
School District Rating

Market Statistics

Property Values

$295,750 (June 2025), up 3.8% YoY
Median Home Value
(Not specified for 06106; CT median rent is typically $1,500-$2,000/mo)
Median Rent
$151 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation14.4% YoY (Jan 2024-Jan 2025)
Market VelocitySeller's market; homes sell quickly, often above list price
Foreclosure Rate(Not specified for 06106; CT rates remain low in 2025)

Area Information

Area SizeUrban, central Hartford
CountyHartford
Primary CityHartford

Housing Profile

Housing Statistics

Total Housing Units(Not specified; Hartford city has ~50,000 units, 06106 is a dense urban area)
Owner OccupiedLower than state average; urban rental dominance
Rental PropertiesHigh proportion, reflecting urban multifamily stock
Vacant Units(Not specified; urban vacancy rates in Hartford ~10%)
New ConstructionLimited; infill and renovation more common than new builds

Housing Types

MultifamilyRowhousesOlder single-family homesApartments

Demographics

Estimated 30,000-35,000 (06106 area)
Population
~32 years (younger than state average)
Median Age
$38,000-$42,000 (well below CT median)
Median Income
Lower than state average; urban unemployment ~7-8%
Employment Rate
Lower college attainment than CT average; high school completion ~75%
Education Levels
High proportion of families with children, significant single-parent households
Family Composition

Education Quality

School District Performance

Below state average; struggles with funding and outcomes
District Rating
School DistrictHartford Public Schools
Test ScoresBelow CT average; reading and math proficiency rates ~20-30%
Graduation Rates~70% (below state average)

Schools in Area

  • Parkville Community School
  • McDonough Middle School
  • Bulkeley High School

Economic Factors

Employment & Business

Job GrowthSlow, some recent improvement in healthcare and services
Unemployment Rate~7-8% (higher than CT average)
Business EnvironmentUrban, mix of small businesses and major employers
Commercial ActivityActive along major corridors; retail and services dominate

Major Employers

  • Hartford Hospital
  • Aetna
  • Travelers
  • City of Hartford

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • CT Transit bus lines
  • • Proximity to I-84/I-91
  • • Union Station (rail/bus hub)

Utilities & Services

  • • City water/sewer
  • • Electricity (Eversource)
  • • Natural gas

Quality of Life

Safety & Environment

Higher than state average; property and violent crime rates above CT median

Urban; air quality generally good, some traffic noise

Healthcare Access

  • • Hartford Hospital
  • • Community clinics

Development Trends

Planned Developments

  • Mixed-use redevelopment near Parkville
  • Affordable housing renovations

Infrastructure Projects

  • • Road resurfacing
  • • Bus rapid transit improvements

Investment Outlook

Growth Outlook

Stable to modest growth; urban revitalization focus

Investment Opportunities

  • • Multifamily rehab
  • • Affordable housing
  • • Mixed-use infill

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Investors
  • Renters transitioning to ownership
  • Multigenerational families

Competitive Advantages

  • Lower entry price than most CT zip codes
  • Strong rental demand
  • Urban amenities

Pricing Strategies

Price competitively below state median; highlight cash flow for investors

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Highlight community policing, neighborhood watch, and recent safety initiatives

Objection: School quality concerns

Response Strategy:

Point to magnet and charter school options, after-school programs

Objection: Older housing stock

Response Strategy:

Emphasize renovation potential, available grants, and value-add opportunities

Professional Recommendations

1

Target investors and first-time buyers with tailored marketing

2

Emphasize rental income and affordability

3

Stay informed on local grant/assistance programs

4

Network with local employers and community groups

5

Monitor city development plans for new opportunities

Competitive Analysis

Comparable Markets

  • 06114 (South Hartford)
  • 06105 (West End)
  • 06112 (North Hartford)

Market Positioning

Best value for urban investors and entry-level buyers

Competitive Advantages

  • Lower prices than West End and suburbs
  • Higher rental yields than most CT zip codes

Price Comparison

06106 median ~$295K vs. CT median ~$430K

Investment Metrics

6-8% typical for multifamily
Cap Rates
5-7% gross yields common
Rental Yields
~12-14 (favorable for investors)
Price-to-Rent
Strong for well-managed multifamily properties
Cash Flow
3-5% annually, below state average
Appreciation

Buyer Journey Insights

First-Time Buyers

Affordability and urban amenities attract; may need education on grants and financing

Move-Up Buyers

Less common; may seek larger homes in suburbs

Downsizers

Rare; area less oriented to retirees

Investors

Active; focus on multifamily and rental income

Relocators

Attracted by job proximity and lower prices

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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Nearby Areas

6606 (CT)

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Adjacent location

$320,000

6516 (CT)

zip_code

Adjacent location

$290,000

Similar Markets

6606 (CT)

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Similar market (97% price match)

$320,000