Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hartford, Connecticut.
Median Home Price
$215K
Population
121K
Avg Monthly Rent
$1,280
Property Tax Rate
2.15% *
* Property tax shown is the Connecticut state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Hartford.
Hartford vs Connecticut Median
The median home price in Hartford is $215,000, which is 47% below the Connecticut state median of $405,000.
Mortgage Calculator — Hartford, CT
Pre-filled with Hartford median home price and Connecticut tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $215K home using Connecticut's 2.15% tax rate and $2,100/yr insurance.
5% Down
$1,970/mo
Down: $10,750
Loan: $204K
P&I: $1,291
Tax: $385
Insurance: $175
PMI: $119
10% Down
$1,896/mo
Down: $21,500
Loan: $194K
P&I: $1,223
Tax: $385
Insurance: $175
PMI: $113
20% Down (No PMI)
$1,647/mo
Down: $43,000
Loan: $172K
P&I: $1,087
Tax: $385
Insurance: $175
Income needed (28% rule): $71K/year with 20% down, $81K/year with 10% down.
Rent vs Buy in Hartford
Rent
$1,280/mo
vs
Buy (10% down)
$1,896/mo
Price-to-rent ratio: 14.0 — With a ratio under 15, buying in Hartford is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $616 more than renting, but you build equity with every payment.
The median home price in Hartford is $215,000, 47% below the Connecticut state median of $405,000. With a population of 121,054, Hartford is a mid-size city where home prices tend to be more accessible than in many parts of Connecticut.
Property taxes in Connecticut average 2.15% annually. This higher-than-average tax rate means a $215,000 home in Hartford would carry roughly $385/month in property taxes alone — plan accordingly. Homeowners insurance in Connecticut runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Hartford is $1,280/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Hartford over the long term.
Hartford offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Connecticut's CHFA Homebuyer Mortgage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Hartford.