Section 8 Fair Market Rent (FMR) for ZIP 00906 - 2027

Location: San Juan-Guaynabo, PR | Metro: San Juan-Guaynabo, PR HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$750
2 Bedrooms	$880
3 Bedrooms	$1,150
4 Bedrooms	$1,390
5 Bedrooms	$1,612
6 Bedrooms	$1,805
7 Bedrooms	$1,949
8 Bedrooms	$2,046

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

39.0%

Occupancy Rate

46.1%

Renter Occupied

ZIP code 00906, located in Connecticut, is a residential area with a significant portion of its population relying on rental housing, particularly through government assistance programs such as Section 8. This analysis will focus on key metrics relevant to landlords and small-portfolio investors considering investment in this ZIP code.

The Fair Market Rent (FMR) for ZIP 00906 for fiscal year 2024 is set at $810. This figure represents the maximum amount that landlords can charge for Section 8 housing, providing a benchmark for rental pricing in subsidized units.
Rental market data is currently unavailable for ZIP 00906, indicating a potential lack of transparency or limited private rental listings. This scarcity of information can make it challenging to assess the overall rental market dynamics.
The median home value is also not available for this ZIP code, which could suggest a predominantly rental-based housing market or insufficient data points to calculate a reliable median.
Renters comprise 39.0% of the population in ZIP 00906, highlighting a significant demand for rental properties, especially those eligible for Section 8 subsidies.
The Days on Market (DOM) statistic is not available, which typically indicates how long homes stay listed before being sold. The absence of this data might imply a low turnover rate in the real estate market or limited sales activity.
Data on median income is not available for ZIP 00906, making it difficult to gauge the economic profile of the residents and their ability to afford higher rents outside of subsidized programs.

For landlords and small-portfolio investors looking to enter ZIP 00906, the reliance on Section 8 subsidies suggests a stable but capped rental income scenario. With 39.0% of the population renting, there is a substantial demand for affordable housing. However, the lack of detailed market data, including median home values and median income, introduces uncertainty into the investment decision process. Investors should be prepared for a niche market focused on government-assisted rentals and ensure compliance with Section 8 regulations. The stability offered by the FMR of $810 can be a secure foundation for investment, though it limits the upside potential compared to areas with a more robust private rental market.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.