The city of Hartford is the capital for the state of Connecticut. With an estimated population of about 125,000 residents, it is the third largest city in the state. The city of Hartford has been known in previous times as the "Insurance Capital of the World," though in more recent times, many of the financial companies and institutions located in the city have now relocated to surrounding cities.
However, the Hartford metropolitan area is one of the most economically active in the country, with only San Francisco, California being ranked above. Furthermore, Hartford has more economic activity and production than sixteen states in the country. Ironically though, even though there is a lot of economic activity, the real estate industry has not been as prosperous.
Hartford homes for sale carry an average price tag of about $205,000, with a means sales price of approximately $135,000. The stagnant real estate industry and the disparity in sales prices and listing prices of Hartford homes for sale may be directly related to the fact that Hartford has one of the lowest median income averages of the country.
Additionally, it is ranked as second in the United States in terms of poverty, with about thirty percent of the population considered to be below the poverty line. These factors have also contributed to another aspect regarding Hartford homes for sale and their prices, which are the crime rates for the city.
