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 | $1,710 |
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $2,450 |
| 3 Bedrooms | $2,920 |
| 4 Bedrooms | $3,220 |
| 5 Bedrooms | $3,735 |
| 6 Bedrooms | $4,183 |
| 7 Bedrooms | $4,518 |
| 8 Bedrooms | $4,744 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,920 | $534,779 | 0.55% | F |
| 4BR | $3,220 | $650,930 | 0.49% | F |
| 5BR | $3,735 | $774,618 | 0.48% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 06092 within the Hartford-West Hartford-East Hartford, CT MSA metro reveals several key insights for landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for ZIP 06092 in fiscal year 2024 is set at $2340. However, the absence of current market rent data (N/A) makes it challenging to directly compare FMR against actual market conditions. Without this comparison, it's difficult to determine if the rent math aligns with what tenants are willing to pay.
Secondly, assessing the affordability of property acquisition, the median home value stands at $601,412. This figure suggests that purchasing properties in ZIP 06092 can be quite expensive, especially considering the lack of data on days on market (DOM) and the percentage of homes that required price cuts before selling (N/A). These missing metrics would typically help gauge how quickly and efficiently homes are sold, indicating the liquidity and potential profitability of acquisitions.
Lastly, regarding tenant demand, the population of ZIP 06092 is 4,665, with a renter share of 0.6%. This low renter share implies that there is limited demand for rental properties in this area. Given these numbers, it appears that the majority of residents prefer homeownership over renting, which could pose challenges for landlords looking to attract and retain tenants.
In conclusion, while the FMR provides a benchmark for rental pricing, the lack of market rent data complicates the assessment of rent math. The high median home value indicates that acquisitions are costly, and without DOM and price-cut data, the ease of selling properties remains unclear. Most critically, the low renter share suggests that tenant demand is minimal, making ZIP 06092 a less favorable investment for those seeking rental income. Landlords and investors should proceed with caution and consider diversifying their portfolios beyond this ZIP code to ensure better tenant demand and financial returns.
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.