Section 8 Fair Market Rent (FMR) for ZIP 06072 - 2027
Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,340 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,930 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
To determine if you should buy in ZIP code 06072 for Section 8 investment, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1690 cover debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this area for Section 8 purposes. The FMR does not provide sufficient income to meet your financial obligations.
- Is the market rent above, at, or below the FMR?
- If above: This suggests strong rental demand and potentially higher returns, but also means Section 8 tenants might struggle to afford the market rate. Consider if you can offer competitive pricing while still adhering to Section 8 guidelines.
- If at or below: The market aligns well with Section 8 rates, making it easier to attract and retain tenants. Continue to the next question.
- Are the number of renters and days on the market (DOM) indicative of enough demand?
- If there is a high percentage of renters and low DOM: There is likely sufficient demand to support a Section 8 investment. High interest from potential tenants indicates a healthy rental market.
- If there is a low percentage of renters or high DOM: Demand may be insufficient. A low percentage of renters and high DOM suggest that properties may take longer to lease, reducing the effectiveness of a Section 8 investment.
The decision to invest in ZIP 06072 for Section 8 purposes hinges on these factors. If the FMR adequately covers your debt service, the market rent is aligned with Section 8 rates, and there is a robust demand for rentals, then the answer is yes. Otherwise, it depends on how you can navigate the challenges presented by the local market conditions.
Data Sources: FMR data from HUD (2027).
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.