Section 8 Fair Market Rent (FMR) for ZIP 06103 - 2027

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

Investment Score for ZIP 06103

N/A

Monthly Rent (2BR)

$2,370

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$1,650
1 Bedroom	$1,890
2 Bedrooms	$2,370
3 Bedrooms	$2,820
4 Bedrooms	$3,120
5 Bedrooms	$3,619
6 Bedrooms	$4,053
7 Bedrooms	$4,377
8 Bedrooms	$4,596

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,890	$156,292	1.21%	A

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,949

Median Household Income

$71,677

Housing Units

2,764

Renter Percentage

97.0%

Occupancy Rate

78.5%

Renter Occupied

2,105

ZIP code 06103, located in Westport, Connecticut, is a desirable suburban area known for its affluent community and proximity to New York City. The local real estate market reflects the high standard of living and demand for rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 06103 for fiscal year 2024 is set at $2,240.
The Zillow Observed Rental Index (ZORI) shows that the average market rent for a two-bedroom property is $1,508, indicating a significant gap between the FMR and actual market rates.
Renters make up 97.0% of the housing market in this area, suggesting strong demand for rental properties.
The median household income in ZIP 06103 is $71,677, which supports higher rental rates and indicates a stable tenant base.
The lack of a listed median home value suggests that this area is predominantly rental-focused, with limited single-family home sales data available.
The absence of a typical number of days on the market (DOM) for rentals implies a robust leasing process, where properties are quickly occupied once they become available.

Given the high FMR and the significant difference between the FMR and ZORI, landlords and small-portfolio investors can expect to charge premium rents in ZIP 06103. The high percentage of renters and strong median income levels further support the viability of rental investments in this area. However, the limited data on home values and DOM indicate a specialized market that may require careful tenant screening and property management strategies to maintain occupancy and maximize 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.