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 | $1,670 |
| 1 Bedroom | $1,920 |
| 2 Bedrooms | $2,400 |
| 3 Bedrooms | $2,860 |
| 4 Bedrooms | $3,160 |
| 5 Bedrooms | $3,666 |
| 6 Bedrooms | $4,106 |
| 7 Bedrooms | $4,434 |
| 8 Bedrooms | $4,656 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,920 | $204,096 | 0.94% | C |
| 2BR | $2,400 | $334,921 | 0.72% | D |
| 3BR | $2,860 | $432,049 | 0.66% | D |
| 4BR | $3,160 | $594,205 | 0.53% | F |
| 5BR | $3,666 | $699,187 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 06074, located in South Windsor, Connecticut, stands out in Hartford County due to its distinct demographic and economic characteristics. With a population of 26,907 residents, the area has a relatively low rental rate of 15.1%, indicating that it is primarily composed of homeowners. The median household income in this ZIP is $144,961, which is significantly higher than the national average, suggesting a prosperous community. Additionally, the median home value in South Windsor is $432,160, reflecting a robust housing market.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 06074 is set at $2,150 for fiscal year 2024. This figure is slightly below the market rate, as indicated by the Zillow Observed Rent Index (ZORI), which stands at $2,246. For landlords and small-portfolio investors, this means that while the FMR is lower than the market rent, it still represents a substantial amount, particularly when compared to the national average.
The data signature for ZIP 06074 reads as stable. The high median income and home values suggest a steady economy where residents can afford higher rents. Despite the modest gap between the FMR and ZORI, the overall trend indicates stability, with no significant signs of rapid change or decline. Landlords should expect consistent demand for rental properties from both voucher holders and non-voucher tenants, though they may need to adjust their expectations slightly for those relying solely on Section 8 assistance.
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.