Why Invest in Barry Square
Hartford's Neighborhood with Proven Momentum
Market Snapshot
Data as of July & August 2026
🏘️ Rental Market
🏠 Housing Market
Why Barry Square
Rents Are Rising
Median rent up 7.11% over the past year and 24.96% over three years, with rental inventory growing 100% year-over-year.
Steady Buyer Demand
Average 47 days on market with a 99.1% sale-to-list price ratio, indicating consistent buyer interest and stable market conditions.
Location
Central access to major employment centers, including Hartford's hospitals, and downtown businesses.
Population
With over 13,000 residents, Barry Square is the most populous neighborhood in Hartford. This means a built-in market for rental housing, local businesses, and community services.
Revitalization
$3.3M streetscape completed. Additional $2M in safety and streetscape improvements allocated in 2025.
Active Community
The Maple Avenue Revitalization Group (MARG) holds monthly meetings and works closely with residents and city leaders.
Barry Square, Hartford, CT
City Incentives You Can Use Today
Hartford has created a strong framework of programs designed to make investment more attainable.
Lots to Homes
Up to $150K in equity contributions for qualifying developers. Transform city-owned lots into owner-occupied housing.
Learn More →Tax Abatement
10-year fixed tax rate for qualifying rental properties occupied by low or moderate-income households.
Learn More →Opportunity Zones
Federal tax deferral on capital gains for investments in designated Opportunity Zones in Hartford.
Learn More →Blighted Assessment Deferral
Reduced property assessment for blighted buildings that are rehabilitated — meaningful tax relief during early development years.
Learn More →Investment Opportunities in Barry Square
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Revitalization
Visible progress that demonstrates the neighborhood's momentum.
$3.3M Streetscape
New sidewalks, ornamental streetlights, bike lanes, and decorative crosswalks completed in 2023.
Learn More →$2M Safety Improvements
Ongoing safety and streetscape improvements along Maple Avenue. Current in progress.
Learn More →Community Farms
10 vacant lots being transformed into productive community farms over three years.
The Neighborhood
Frequently Asked Questions
What types of properties are available in Barry Square?
The neighborhood offers a mix of multifamily buildings, single-family homes, and commercial spaces, many with strong renovation and repositioning potential.
What is the average cap rate for multifamily properties?
Recent multifamily sales in Barry Square have traded at cap rates around 8%.
What is the population and renter demographic?
Barry Square has over 13,000 residents, with 82% renting, which creates strong, consistent demand for rental housing.
Who can I talk to about city incentives?
The Department of Development Services manages incentive programs, including the Lots to Homes Initiative and tax abatement agreements.
Ready to take the next step?
Connect with the right people to explore opportunities, understand community priorities, or get answers from the city.
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