Section 8 Fair Market Rent (FMR) for ZIP 00912 - 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	$600
1 Bedroom	$610
2 Bedrooms	$710
3 Bedrooms	$930
4 Bedrooms	$1,120
5 Bedrooms	$1,299
6 Bedrooms	$1,455
7 Bedrooms	$1,571
8 Bedrooms	$1,650

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,845

Median Household Income

$31,636

Housing Units

3,916

Renter Percentage

45.9%

Occupancy Rate

73.3%

Renter Occupied

1,319

The town of West Haven, Connecticut, represented by ZIP code 00912, is a coastal community known for its diverse housing market and significant rental population. The area offers both opportunities and challenges for landlords and small-portfolio investors, particularly given the mix of affordable housing and higher-end properties.

Fair Market Rent (FMR) for a 1-bedroom apartment in ZIP 00912 is set at $620 for fiscal year 2024. This figure represents the maximum amount that a low-income family should pay for housing to be considered affordable.
The market rent for a similar-sized apartment stands at $780, according to Census ACS data. This indicates that landlords can potentially charge above the FMR if the property meets certain quality standards.
The median income for residents in the area is $31,636. This suggests that many tenants may qualify for housing assistance programs, making it important for landlords to understand the requirements for such subsidies.
Renters make up 45.9% of the total population in ZIP 00912. This high percentage of renters underscores the demand for rental properties in the area.
The median home value in the area is not available. This could indicate a lack of sufficient data on home sales, or it might suggest that the market is heavily skewed towards rentals rather than owner-occupied homes.
The days on market (DOM) statistic is not applicable for this ZIP code. This typically means there isn't enough data on recent home sales to provide an accurate DOM figure, which again points to a strong rental market.

In summary, the rental market in West Haven, Connecticut, is robust, with a significant portion of the population renting. Landlords can expect to charge slightly above the FMR due to market conditions, but they must also be prepared to navigate the complexities of housing assistance programs. Given the high percentage of renters and the median income levels, the demand for affordable rental units is likely to remain steady, making this area attractive for those interested in long-term rental investments.

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.