Section 8 Fair Market Rent (FMR) for ZIP 06033 - 2027
Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA
Investment Score for ZIP 06033
D
Monthly Rent (2BR)
$2,350
Median Price (2BR)
$342,331
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,640 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,350 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $3,090 |
| 5 Bedrooms | $3,584 |
| 6 Bedrooms | $4,014 |
| 7 Bedrooms | $4,335 |
| 8 Bedrooms | $4,552 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 1BR |
$1,880 |
$194,230 |
0.97% |
C |
| 2BR |
$2,350 |
$342,331 |
0.69% |
D |
| 3BR |
$2,800 |
$506,177 |
0.55% |
F |
| 4BR |
$3,090 |
$717,275 |
0.43% |
F |
| 5BR |
$3,584 |
$904,387 |
0.4% |
F |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$149,962
To determine if you should buy in ZIP 06033 (Glastonbury, CT) for Section 8, follow this decision tree:
- If the Fair Market Rent (FMR) of $2070 per month does not cover the debt service on a property valued at $532,115, then the answer is no. The FMR is the maximum amount that a landlord can charge for a Section 8 rental unit. It must be sufficient to cover the mortgage, taxes, insurance, and maintenance costs of the property. If it doesn't, investing in this area would result in financial losses.
- If the ZORI (Zillow's Estimated Rent Index) of $2,285 is above the FMR, then you must decide whether you want to exclusively pursue Section 8 tenants. The ZORI represents the average rental price in the area, which is higher than what you could charge under Section 8. This means that while you can attract non-Section 8 tenants willing to pay more, you'd be limited to Section 8 tenants who can only pay up to the FMR. If you're okay with this limitation, proceed to the next question.
- If the ZORI is at or below the FMR, then the answer is yes, you can cover your expenses and still make a profit with Section 8 tenants. In this scenario, the rental income from Section 8 tenants would be sufficient to meet your financial goals without the need to look for non-Section 8 tenants.
- If there is a significant demand for rentals in the area, indicated by the 18.3% of residents being renters and an 8-day Days on Market (DOM), then the answer is yes. The high percentage of renters and low DOM suggest that there is a strong market for rentals, making it easier to find and retain tenants. This combination of factors indicates that there is enough demand to support a Section 8 investment in Glastonbury, CT.
- If the percentage of renters is low or the DOM is high, then the answer is no. A low percentage of renters or a high DOM would mean that there isn't enough demand to ensure a steady stream of tenants, which would make it difficult to maintain occupancy and generate consistent income.
Note that the decision to invest in a particular ZIP code should also consider other factors such as property values, vacancy rates, and the overall economic health of the area. However, based on the provided data, the decision tree outlined above should guide you towards a clear answer.
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.