Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA
| 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 |
The economics of Section 8 in ZIP code 06075, which encompasses parts of Connecticut including Hartford-West Hartford-East Hartford County, operate based on specific financial guidelines. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2024 is set at $1690. This figure is crucial because it represents the maximum amount that the housing authority will pay towards a tenant's rent under the Section 8 program.
To understand what a landlord can expect from a voucher, it's important to break down the components. The SAFMR is not the total payment a landlord receives. Instead, it includes the tenant's portion of the rent and any utility allowances. Typically, the tenant is responsible for paying approximately 30% of their income toward rent, while the Section 8 voucher covers the difference between the tenant's contribution and the SAFMR.
In ZIP 06075, if the SAFMR is $1690, the landlord should anticipate that the actual reimbursement will be lower due to the tenant's payment and utility allowances. Utility allowances vary but generally range from $200 to $300 per month, depending on the number of bedrooms and other factors. Thus, the landlord might receive around $1490 to $1590 per month, assuming the tenant pays the standard 30% of their income and utilities are covered within the allowance.
The reimbursement gap or surplus for a two-bedroom apartment in this ZIP code depends on the market conditions and the landlord's rental rates. Since the local market rent is not available, we cannot provide a precise comparison. However, if the landlord charges above the SAFMR, there will be a gap that the tenant must cover out-of-pocket, which could be significant. Conversely, if the landlord charges below the SAFMR, they may receive a surplus, meaning the voucher payment exceeds the rent charged.
In summary, for ZIP 06075, a landlord can expect a voucher to pay up to $1690 for a two-bedroom apartment. Once the tenant's portion and utility allowances are factored in, the net reimbursement is likely to be around $1490 to $1590 monthly. Landlords should adjust their rental rates accordingly to avoid financial gaps or surpluses.
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.