Location: Waterbury-Shelton, 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 | $1,090 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,250 | $165,802 | 0.75% | D |
| 2BR | $1,560 | $280,535 | 0.56% | F |
| 3BR | $1,860 | $374,595 | 0.5% | F |
| 4BR | $2,050 | $422,553 | 0.49% | F |
| 5BR | $2,378 | $463,904 | 0.51% | F |
U.S. Census Bureau data (2024)
In Plainville, Connecticut (ZIP 06062), the real estate market signals strong pricing power for the coming year, anchored by a median home value of $336,392. The fact that 0% of listings have been reduced indicates a seller's market where homes are likely to sell at or near asking price. This trend suggests that landlords and small-portfolio investors can maintain or even slightly increase their rental rates without losing tenants.
The current Fair Market Rent (FMR) for ZIP 06062 as of fiscal year 2024 is set at $1,440, which is notably higher than the average market rent of $1,126 based on recent Census ACS data. This discrepancy presents an opportunity for investors to raise rents closer to the FMR level, reflecting the true cost of housing in the area. However, it's important to consider local regulations and market tolerance when adjusting rental prices.
The median Days on Market (DOM) being listed as N/A could imply either a very quick sale process or that there isn't enough data to provide an accurate figure. Either way, it supports the idea that homes are selling swiftly, indicating a robust demand for both purchase and rental properties. This demand strength underpins the potential for steady rental income and property values.
For long-term investors, the setup implies a realistic appreciation thesis. With home values holding steady and rental rates having room to grow towards the FMR, Plainville offers a stable investment environment. Appreciation is likely to follow a moderate trajectory, aligning with broader economic conditions rather than speculative bubbles. The consistent demand and low listing reductions suggest that Plainville will continue to attract buyers and renters, maintaining property values and rental yields.
Investors should focus on properties that offer value for money, considering the median home value and current rental rates. A balanced approach to raising rents while ensuring property maintenance will keep units attractive and competitive in the market. The data points to a scenario where Plainville remains a desirable location for both ownership and rental investments, supporting a diversified portfolio strategy.
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.