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 | $1,160 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,320 | $122,457 | 1.08% | B |
| 2BR | $1,660 | $229,083 | 0.72% | D |
| 3BR | $1,980 | $316,008 | 0.63% | D |
| 4BR | $2,180 | $335,250 | 0.65% | D |
U.S. Census Bureau data (2024)
ZIP code 06108, located in East Hartford, CT, is part of the larger Hartford-West Hartford-East Hartford, CT MSA metro area. To understand its position within this metro, let's analyze its key figures.
The Fair Market Rent (FMR) for ZIP 06108 in fiscal year 2024 is set at $1,490. This figure closely aligns with the market rent of $1,509, indicating that the rental prices in this area are reflective of the government's assessment of fair market rates. In comparison to other ZIP codes within the Hartford-West Hartford-East Hartford, CT MSA, this places 06108 squarely in the mid-tier range for rental costs.
The median home value in ZIP 06108 stands at $285,490. This figure is indicative of a relatively affordable housing market compared to many other areas within the metro, which often have higher median home values. The affordability of homes combined with the rental prices suggests that 06108 could be considered a value pocket within the metro, offering good value for both homeowners and renters.
A significant indicator is the 54.0% renter share in ZIP 06108. This high percentage of renters, coupled with the lower-than-average home values within the metro, points towards a potentially strong demand for rental properties. High renter share can be a positive sign for landlords and small-portfolio investors, as it suggests a robust tenant pool.
In summary, ZIP 06108 appears to be a value pocket within the Hartford-West Hartford-East Hartford, CT MSA. Its rental prices are in line with government assessments and are comparable to other ZIP codes in the metro, while its home values are lower than average. The substantial renter share further supports its attractiveness as a location for investment in rental properties.
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.