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Updated almost 5 years ago, 01/23/2020

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8
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22
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Why is real estate cheap in Connecticut in general?

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Posted

I might get a job offer soon in East Hartford, CT. However, i would be relocating from Massachusetts. I am gonna rent first then house hack later when my job is stable. However, looking through zillow, the rent for 1 bedroom apartment is in the $800-$1200 range, pretty much similar to MA. However, the purchase prices in and around Hartford and the surrounding towns is almost half what it is in MA for the same type and condition of property if not even less. Whats up with that? and whats up with the flooding of foreclosed properties in Hartford and its surrounding? Is there a real estate crisis over there that i'm not aware of?

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