Connecticut is the forty-eighth largest state by area, with a population of 3,572,665 (U.S. Census Bureau, July 1, 2019). As one of the thirteen original American colonies, Connecticut played a prominent role in the American revolution as "The Provision State," providing essential supplies, including guns, beef, and salt, to the Continental Army. Connecticut continued its capacity as a gun supplier by arming the Union Army during the Civil War and U. S. military during World War I and II.
Today, Connecticut has a GDP of $279 billion (Bureau of Economic Analysis, July 1, 2018). Weapons manufacturing is no longer the dominant industry but has been surpassed by the insurance, finance, and real estate industries. Many of the leading Fortune 500 companies have their headquarters in Connecticut, including Aetna, Synchrony Financial, and Xerox, to name a few.
The most recognized cities in Connecticut are Hartford, Stamford, and New Haven.
Hartford is the capital city of Connecticut and has a population of 124,390. Hartford is home to the Mark Twain House & Museum, Harriet Beecher Stowe Center, and Gillette Castle State Park. Over the last ten years, Hartford's housing market has depreciated by 1.61%. When compared to the rest of the nation, Hartford's housing prices are significantly lower, with the median home price of $125,800 and a median rent of $1,202.
Stamford resides in southwestern Connecticut and has a population of 128,851. Stamford is home to Caumsett State Park, Cove Island, and Mianus River State Park. Over the last ten years, Stamford's housing market has appreciated by 0.62%. When compared to the rest of the country, Stamford's housing prices are slightly higher, with the median home price of $291,000 and a median rent of $2,420.
New Haven is located on the coast in the southern part of Connecticut and has a population of 130,884. New Haven is home to Yale University, East Rock Park, and Lighthouse Point Park. Over the last ten years, New Haven's housing market has appreciated by 0.97% annually. When compared to the rest of the nation, New Haven's housing prices are significantly lower, with the median home price of $171,900 and a median rent of $1,712.