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 | $1,140 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $223,092 | 0.74% | D |
| 3BR | $1,950 | $280,924 | 0.69% | D |
| 4BR | $2,160 | $313,446 | 0.69% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 06106 in Hartford, CT reveals a moderate investment scenario that balances yield potential with reasonable stability. The Fair Market Rent (FMR) for ZIP 06106 in fiscal year 2024 is set at $1,460. This figure is slightly below the market rent of $1,517, indicating a modest opportunity for rental income. However, the median home value stands at $226,052, which suggests a relatively low barrier to entry for property acquisition compared to other areas.
The rental market in this area is moderately stable, with 76.7% of residents being renters. While this high percentage of renters might suggest a strong demand, the lack of data on days-on-market (DOM) and the lower average household income of $46,304 introduce some uncertainty regarding the financial stability of potential tenants. The income figure is particularly noteworthy as it may impact the ability of tenants to pay higher rents consistently.
Given these factors, ZIP 06106 does not fit the profile of a high-yield/low-stability 'flip-style' market. Instead, it leans towards a steady-cashflow zone, albeit with some caveats. The modest gap between FMR and market rent, combined with the significant portion of renters, supports a consistent cash flow. However, the lower income levels could affect the reliability of rent payments and thus the overall stability of the investment.
To summarize, the investment climate in ZIP 06106 offers a balanced approach, providing landlords and small-portfolio investors with a moderate yield without the extreme volatility associated with high-risk markets. The key figures—rental rates, home values, and income levels—are critical in shaping this assessment.
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.