Location: Northwest Hills Planning Region, CT | Metro: Northwest Hills Planning Region, CT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,290 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,710 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,860 |
| 5 Bedrooms | $3,318 |
| 6 Bedrooms | $3,716 |
| 7 Bedrooms | $4,013 |
| 8 Bedrooms | $4,214 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 06079, located in the Northwest Hills Planning Region of Connecticut's metro area, reveals several key points that landlords and small-portfolio investors should consider.
First, regarding the rent math, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,630. However, the specific market rent for ZIP 06079 is not available, making it impossible to directly compare and determine if the rent math works. Investors will need to rely on broader regional data or conduct local research to assess the viability of this figure.
Second, the acquisition affordability is unclear due to the lack of specific data on the median home value, days on market (DOM), and the percentage of homes that have been listed with a price cut. Without these figures, it is difficult to ascertain whether buying properties in this ZIP code would be financially feasible for new investors.
Third, concerning tenant demand, ZIP 06079 has a population of 19 and a 0.0% renter share. This indicates an extremely low potential for finding tenants who would rent properties, suggesting that rental properties may struggle to attract residents. The low population number and lack of renters imply that the demand for rental housing is virtually non-existent in this area.
Verdict: Investing in rental properties in ZIP 06079 is not advisable. The absence of crucial market data, combined with an exceptionally low population and zero percent renter share, presents significant challenges for generating rental income. Landlords and investors should focus on areas with more substantial tenant demand and clearer market indicators.
Data Sources: FMR data from HUD (2027). 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.