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 | $1,230 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,770 | $413,297 | 0.43% | F |
| 3BR | $2,110 | $456,151 | 0.46% | F |
| 4BR | $2,330 | $547,493 | 0.43% | F |
| 5BR | $2,703 | $619,305 | 0.44% | F |
U.S. Census Bureau data (2024)
Somers, CT, located in Tolland County, stands out among other ZIP codes due to its unique demographic and economic characteristics. With a population of 10,723 residents, Somers has a relatively low rental rate of 12.1%, indicating that most residents prefer homeownership. The median income in the area is $126,500, which is above the national average, suggesting a financially stable community. Additionally, the median home value of $461,459 further underscores the affluence and desirability of this ZIP code.
The economics of Section 8 vouchers in Somers are particularly noteworthy. The Fair Market Rent (FMR) for the ZIP code for fiscal year 2024 is set at $1,710, while the actual market rent, according to the Census American Community Survey, is $1,184. This discrepancy means that landlords who accept Section 8 vouchers can potentially receive higher rents compared to the local market rates. The difference of $526 between the FMR and the market rent provides a significant financial incentive for landlords to participate in the program, especially considering the overall stability of the local economy.
The data signature for Somers, CT, indicates a stable environment. The high median income and home values suggest a strong local economy with little indication of transitional trends. Given these factors, it is reasonable to conclude that the demand for housing, both rented and owned, will likely remain steady. For small-portfolio investors and landlords, this stability presents an opportunity to benefit from the higher voucher payments without the risks associated with more volatile markets.
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.