Section 8 Fair Market Rent (FMR) for ZIP 06065 - 2027

Location: Northwest Hills Planning Region, CT | Metro: Northwest Hills Planning Region, CT

Investment Score for ZIP 06065

N/A

Monthly Rent (2BR)

$1,610

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$1,120
1 Bedroom	$1,320
2 Bedrooms	$1,610
3 Bedrooms	$2,120
4 Bedrooms	$2,430
5 Bedrooms	$2,819
6 Bedrooms	$3,157
7 Bedrooms	$3,410
8 Bedrooms	$3,581

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
3BR	$2,120	$441,192	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

712

Median Household Income

$124,207

Housing Units

248

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The town of Westport, located in Connecticut, is a desirable suburban community known for its high quality of life and excellent school systems. It is situated near major urban centers, making it a popular choice for commuters and families alike. For landlords and small-portfolio investors, understanding the rental market dynamics in ZIP code 06065 is crucial for making informed decisions.

Fair Market Rent (FMR) for ZIP 06065 in fiscal year 2024: The FMR is set at $1,650, which reflects the maximum amount a low-income family should pay for housing in the area.
Rental Market Data: Specific figures for market rent are currently unavailable, indicating that the rental market may be less active compared to other areas in Connecticut.
Median Home Value: At $429,068, the median home value in ZIP 06065 is indicative of a middle to upper-middle-class neighborhood.
Renter Share: Only 0.0% of residents are renters, suggesting that the majority of homes in this ZIP code are owner-occupied.
Days on Market (DOM): Information regarding the average days a property is listed before selling is not available, which could imply a strong seller's market where homes sell quickly.
Median Income: With a median income of $124,207, residents of ZIP 06065 have a higher-than-average earning capacity, potentially leading to a robust local economy.

Investors looking to enter the real estate market in ZIP 06065 should note the limited rental market presence and the dominance of homeownership. Given the high median home value and median income, there is significant potential for capital appreciation through home purchases. However, the lack of specific rental market data suggests that rental opportunities might be scarce, making this area more suitable for those interested in long-term investment strategies focused on property value growth rather than short-term rental yields.

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.