Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,620 |
| 1 Bedroom | $1,850 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $2,760 |
| 4 Bedrooms | $3,050 |
| 5 Bedrooms | $3,538 |
| 6 Bedrooms | $3,963 |
| 7 Bedrooms | $4,280 |
| 8 Bedrooms | $4,494 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,320 | $349,093 | 0.66% | D |
| 3BR | $2,760 | $501,203 | 0.55% | F |
| 4BR | $3,050 | $770,286 | 0.4% | F |
| 5BR | $3,538 | $1,129,298 | 0.31% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 06001 (Avon, CT) on the axes of yield and stability reveals a nuanced picture that can guide real-estate investment decisions. On the yield axis, the Fair Market Rent (FMR) for the fiscal year 2024 stands at $2,120, significantly above the market rent of $1,877. This indicates a potential for higher rental yields, especially when considering the median home value of $562,468. The gap between FMR and market rent suggests that there is room for price increases without alienating tenants.
Moving to the stability axis, the ZIP code has a relatively low percentage of renters at 14.7%, which could imply a less stable tenant pool due to a smaller number of potential renters. However, the median household income of $153,664 is quite robust, indicating that residents have a strong capacity to pay rent. This high income level can mitigate some risks associated with a lower rental rate.
The absence of data on days on market (DOM) makes it challenging to assess the turnover rate and the ease of finding tenants. Despite this, the combination of a higher FMR compared to market rent and a strong median income points towards a market that offers a balance between yield and stability. It is neither a high-yield/low-stability flip-style market nor a purely steady-cashflow zone. Instead, it presents an opportunity where investors can achieve decent cash flow while maintaining a reasonable level of stability through the financial strength of the local population.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.