Quote · BiggerPockets Real Estate Podcast
Where We'd Invest in Real Estate Right Now (12 Markets)
Where this was said
House Flipping Pick #1: Hartford, Connecticut (Dave Meyer)
At 28:58 · chapter starts 27:40
Dave Meyer admits he's stretching the rules by picking Hartford, Connecticut — a city he's championed as a long-term rental market — but argues the flip fundamentals are too strong to ignore. [1] — Dave Meyer "Hartford, Connecticut is one of the few U.S. markets still growing faster than inflation, with renovated homes selling in 18 days and 55% o…" 27:35 The median home price of $287,000 keeps all-in costs manageable, while renovated homes sell in just 18 days compared to 40 days for unrenovated properties, signaling that buyers will reward the work. Fifty-five percent of homes are selling above list price, meaning bidding competition is still alive in this market even as much of the country cools. Hartford sits roughly two hours from both New York and Boston, making it a magnet for commuters priced out of those mega-markets who are willing to drive a couple of days a week. Connecticut's tax advantages over Massachusetts and New York add further appeal. And if a flip doesn't sell on target terms, Hartford's rental market provides a credible fallback — something Henry Washington calls the essential secondary exit strategy.
Hartford, Connecticut's median home price is $287,000, with renovated homes selling in just 18 days and 55% selling above list price.
55% of homes in Hartford, CT are currently selling above list price, signaling continued buyer competition and appreciation tailwinds.
Allentown's stock of 1920s–1970s row houses lets investors buy distressed for $150K–$200K, spend $50K–$80K on renovations, and sell for $280K–$340K — without luxury rehabs or aggressive off-market hunting. Amazon and Walmart warehousing operations are fueling the local job market.
