Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,930 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
The ZIP code 06045 in Connecticut exhibits a notable increase in rental prices over recent years, particularly for a 2-bedroom unit which rose from $1,490 in 2023 to $1,650 in 2025, representing a growth of +10.7%. This upward trend indicates a potential high-yield market for landlords and small-portfolio investors.
However, due to the lack of specific data on market rent, home values, percentage of renters, days on market (DOM), and median income, a comprehensive analysis of stability is challenging. The Fair Market Rent (FMR) for a 2-bedroom unit in 06045 for fiscal year 2024 is set at $1,650, aligning with the observed trend but still lacking comparative market data.
Without detailed figures on the percentage of renters, DOM, and median income, it's difficult to definitively classify the stability of the market. However, given the rising FMRs, this suggests that the area could be experiencing higher demand, potentially making it a more volatile market compared to others where rental prices remain stable or decrease.
To conclude, ZIP 06045 appears to be trending towards a high-yield market, driven by the increasing FMRs. However, without further data on stability metrics, it cannot be classified definitively as either a steady-cashflow zone or a purely high-yield/low-stability flip-style market. Further investigation into local rental market dynamics, including occupancy rates and tenant income levels, would provide a clearer picture of the overall investment climate in this ZIP code.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.