Section 8 Fair Market Rent (FMR) for ZIP 06111 - 2027

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

Investment Score for ZIP 06111

Monthly Rent (2BR)

$2,060

Median Price (2BR)

$301,406

1% Rule

0.68%

Annual Yield

8.2%

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	$1,430
1 Bedroom	$1,640
2 Bedrooms	$2,060
3 Bedrooms	$2,450
4 Bedrooms	$2,710
5 Bedrooms	$3,144
6 Bedrooms	$3,521
7 Bedrooms	$3,803
8 Bedrooms	$3,993

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,640	$179,636	0.91%	C
2BR	$2,060	$301,406	0.68%	D
3BR	$2,450	$395,097	0.62%	D
4BR	$2,710	$473,944	0.57%	F
5BR	$3,144	$502,354	0.63%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

30,896

Median Household Income

$102,884

Housing Units

13,577

Renter Percentage

21.8%

Occupancy Rate

96.3%

Renter Occupied

2,854

Newington, Connecticut, represented by ZIP code 06111, is a suburban area located along the Connecticut River, approximately 10 miles south of Hartford. The town offers a mix of residential neighborhoods and access to urban amenities, making it an attractive location for both homeowners and renters.

The Fair Market Rent (FMR) for a two-bedroom apartment in Newington for fiscal year 2024 is set at $1,810.
The market rent, as measured by Zillow's ZORI (Zillow Observed Rent Index), stands at $2,533 for a similar unit, indicating that the actual rental market exceeds the government-set fair market rates.
The median home value in Newington is $368,946, reflecting a stable housing market that supports a mix of property types.
Renters make up 21.8% of the population, suggesting a moderate demand for rental properties but also a significant number of owner-occupied homes.
The days on market (DOM) for rental listings is 6 days, which is quite low and indicates strong competition among potential tenants.
The median household income in the area is $102,884, providing a solid financial base for residents to afford higher rents and home values.

The combination of a slightly above average median income and a moderate renter share points towards a balanced market where both rental and home ownership opportunities exist. However, the low days on market suggest that rental properties can be filled quickly, benefiting small-portfolio investors looking for steady cash flow. The discrepancy between the FMR and the actual market rent shows that there is room for pricing adjustments beyond government guidelines, potentially increasing profitability for landlords.

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.