Section 8 Fair Market Rent (FMR) for ZIP 06084 - 2027

Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA

Investment Score for ZIP 06084

Monthly Rent (2BR)

$2,090

Median Price (2BR)

$363,485

1% Rule

0.57%

Annual Yield

6.9%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,460
1 Bedroom	$1,670
2 Bedrooms	$2,090
3 Bedrooms	$2,490
4 Bedrooms	$2,750
5 Bedrooms	$3,190
6 Bedrooms	$3,573
7 Bedrooms	$3,859
8 Bedrooms	$4,052

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,670	$203,086	0.82%	C
2BR	$2,090	$363,485	0.57%	F
3BR	$2,490	$416,208	0.6%	F
4BR	$2,750	$566,585	0.49%	F
5BR	$3,190	$661,124	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

14,823

Median Household Income

$133,611

Housing Units

5,587

Renter Percentage

9.5%

Occupancy Rate

96.1%

Renter Occupied

508

Tolland, CT, represented by ZIP code 06084, is a suburban area known for its quiet neighborhoods and proximity to larger urban centers. The local economy benefits from its position near major cities, providing opportunities for residents who commute to nearby areas for work. This analysis will provide key insights into the rental market dynamics, using specific data points to inform investment decisions.

The Fair Market Rent (FMR) for a two-bedroom apartment in Tolland for fiscal year 2024 is set at $1960.
The market rent, according to the latest Census American Community Survey (ACS), averages $1,693 for a typical unit.
The median home value in Tolland stands at $445,115, reflecting a mix of affordability and desirability.
Renters make up 9.5% of the housing market, indicating a smaller but still significant demand for rental properties.
The median income in the area is $133,611, suggesting that residents have a relatively high purchasing power which can support higher rents.
Unfortunately, the exact number of days on the market (DOM) for rental units is not available, but given the area's characteristics, it is likely competitive with similar suburban markets.

Investors looking to enter the Tolland rental market should note the discrepancy between the Fair Market Rent and the actual market rent, which could indicate a potential for increasing rental rates. The high median income supports the possibility of attracting tenants willing to pay closer to the FMR. However, the relatively low renter share suggests that competition for rental units might be intense, requiring careful consideration of property location and quality. Overall, Tolland offers a balanced opportunity for rental investments, particularly for those who can leverage the area's economic advantages and appeal to commuters.

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.