Location: Northwest Hills Planning Region, CT | Metro: Northwest Hills Planning Region, CT
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 | $1,080 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,550 | $567,826 | 0.27% | F |
| 3BR | $2,050 | $784,268 | 0.26% | F |
| 4BR | $2,340 | $1,389,599 | 0.17% | F |
| 5BR | $2,714 | $2,207,235 | 0.12% | F |
U.S. Census Bureau data (2024)
37.1% of residents in ZIP 06039, Salisbury, CT, are renters, indicating a significant demand for rental properties in the area. The $925,551 median home value suggests that the local real estate market is robust, but it's the rental market where landlords can find their best opportunities. At $1,833, the market rent according to Census ACS data is higher than the $1,710 Fair Market Rent (FMR) set for the metro area in fiscal year 2026, which means landlords can charge above the FMR and still attract tenants. This gap between market rent and FMR is particularly advantageous for Section 8 landlords, who can leverage the higher market rates while receiving government subsidies.
The $104,859 median income in Salisbury provides insight into the financial stability of potential tenants. However, the N/A-day Days on Market (DOM) and N/A% price-cut share indicate a lack of specific data regarding how quickly homes are sold and the frequency of price reductions in the area, respectively. Despite these missing details, the overall economic health of Salisbury, as reflected in its high median home value and income levels, supports the idea that rental properties can be well-maintained and profitable investments.
For landlords considering Section 8 participation, the $1,710 FMR for fiscal year 2026 offers a clear guideline for setting rents that comply with HUD requirements. Given that the market rent exceeds this amount, landlords can ensure they receive competitive compensation for their properties. Additionally, the 37.1% renter share underscores the importance of having a diverse range of rental options, including those supported by Section 8, to meet the needs of the local population.
In conclusion, the data from ZIP 06039 points towards a favorable environment for landlords and small-portfolio investors interested in Section 8 properties. With a strong local economy and a healthy rental market, Salisbury presents an opportunity for steady returns and compliance with federal guidelines. Verdict: Salisbury, CT, is a good market for Section 8 investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.