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 | $1,160 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,670 | $247,877 | 0.67% | D |
| 3BR | $1,990 | $441,233 | 0.45% | F |
| 4BR | $2,200 | $554,317 | 0.4% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 06026, East Granby, CT, reveals that voucher tenants can cashflow at the Federal Market Rent (FMR) rate set by HUD for fiscal year 2024. The HUD FMR for this area is $1390, which is slightly above the market rent of $1,324 as reported by the Census ACS. This indicates that landlords can expect positive cash flow when renting to voucher holders at the FMR rate without needing to rely on premium units.
To further analyze the investment potential, consider the median home value in East Granby, which stands at $426,429. The rent-to-price ratio can be calculated by dividing the market rent by the median home value, resulting in approximately 0.31%. This low ratio suggests that rental income represents a small portion of the total property value, making it less competitive compared to owning a home. However, the lack of available data on days on market (DOM) and price cut shares does not significantly impact the rent-versus-buy dynamics, as the primary focus remains on rental income.
The strongest investor angle in this market is cashflow. Given the positive difference between the HUD FMR and the market rent, landlords can secure steady income from voucher tenants while maintaining a reasonable profit margin. This makes East Granby an attractive location for Section 8 investors looking to generate consistent cash flow without the need for premium units or extensive renovations.
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.