Anyone invest in Hartford, VT?

Question

My husband and I just bought our first investment property in 2020, an STR in Gatlinburg, TN and we couldn't be happier with how it's been going. We want to buy another in that area at some point but are also looking to diversify. I was taken by an absolutely beautiful property I saw in Hartford, VT and was wondering if anyone had any experience with the market up there? Long term rental, short term rental? Is there any sort of decent ROI by investing in that area?

Alecia Loveless · Answer

@Amanda Webb Hartford is fairly close to the Hanover/Lebanon area with Dartmouth College and Dartmouth Regional Medical Center. It’s by far The area’s best hospital and one of if not the top employer. And of course the school is top too.

I’m about an hour north and our rental market is on fire. However Hartford is quite large and the house you are looking at could potentially be a 20 minute drive to the action of jobs, restaurants, shopping, etc.

While this would likely be a deterrent for students it might not necessarily be for all. I’d maybe try to reach out to some local property managers and see if you can get some to give you some real honest advice on if that area makes sense to invest in or if you’d do better investing in more locally.

Or perhaps I just don’t know the area well enough, which is entirely possible too, and there is a draw in Hartford that I do not know about.

Chelsie Ritarossi · Answer

Interested in hearing what people think of this part of Vermont.  I personally am in the market for a property in the Northeast Kingdom area (St. Johnsbury, Burke, Lyndon) we ski there in the winter and would a duel Vacation property for us and STR for when we aren't.