Location: Northwest Hills Planning Region, 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 | $1,440 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,540 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,540 | $517,668 | 0.49% | F |
| 4BR | $2,830 | $735,217 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 06090 represents a unique residential area characterized by its extremely low rental population percentage at 0.0%, indicating that virtually all residents own their homes. With a total population of 1,136, this community is relatively small and likely consists of tightly-knit neighborhoods. The median household income in this area is a robust $151,118, suggesting that it is predominantly affluent. This high income level supports the median home value of $586,357, which further underscores the financial stability and wealth of the residents.
Despite the scarcity of rental properties, the Fair Market Rent (FMR) for ZIP 06090 as of the fiscal year 2024 is set at $1,900. However, due to the lack of available market rent data, it's challenging to compare the FMR against actual rental rates. Given the low rental population and the absence of market rent data, it appears that there is little demand for rental units, making it an unattractive market for traditional rental investments.
For Section 8 investors, ZIP 06090 presents a niche opportunity. The hands-off voucher operator would find limited prospects here, as the community's preference for homeownership and the absence of rental housing indicate a low likelihood of finding tenants who qualify for Section 8 vouchers. On the other hand, a hands-on value-add buyer might see potential in converting underutilized or distressed properties into rental units that could cater to those seeking subsidized housing. However, this strategy would require significant effort and capital investment, given the high home values and affluent nature of the area.
In conclusion, ZIP 06090 is not a typical market for Section 8 investors. Its characteristics make it more suitable for hands-on operators willing to take on the challenge of creating rental opportunities in a predominantly owner-occupied area. For those looking for a straightforward, passive investment, this ZIP code is unlikely to meet expectations due to the low demand for rental properties and the lack of existing rental stock.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.