Section 8 Fair Market Rent (FMR) for ZIP 06112 - 2027

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

Investment Score for ZIP 06112

Monthly Rent (2BR)

$1,870

Median Price (2BR)

$216,188

1% Rule

0.86%

Annual Yield

10.38%

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	$1,300
1 Bedroom	$1,490
2 Bedrooms	$1,870
3 Bedrooms	$2,230
4 Bedrooms	$2,460
5 Bedrooms	$2,854
6 Bedrooms	$3,196
7 Bedrooms	$3,452
8 Bedrooms	$3,625

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
2BR	$1,870	$216,188	0.86%	C
3BR	$2,230	$265,784	0.84%	C
4BR	$2,460	$282,643	0.87%	C
5BR	$2,854	$340,193	0.84%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

22,333

Median Household Income

$44,460

Housing Units

8,497

Renter Percentage

60.4%

Occupancy Rate

88.6%

Renter Occupied

4,544

The ZIP code 06112, located in Hartford, CT, falls within the larger Hartford-West Hartford-East Hartford, CT MSA. Comparing its figures to those of typical ZIP codes within this MSA provides insight into its market dynamics.

The Fair Market Rent (FMR) for ZIP 06112 in fiscal year 2024 is set at $1,600, which is slightly above the market rent of $1,575. This suggests that the area is somewhat attractive for Section 8 tenants, as it meets the criteria for higher rental support. The median home value of $254,473 is indicative of an affordable residential market, particularly when considering the high proportion of renters at 60.4%, which exceeds the national average.

Given these figures, ZIP 06112 can be classified as a value pocket within the Hartford-West Hartford-East Hartford, CT MSA. It offers a balance between affordability and accessibility for low-income renters, making it a favorable location for landlords and small-portfolio investors who cater to the Section 8 program. The high renter share combined with below-average home values within the metro context points towards a strong demand for rental properties, potentially signaling a sweet spot for Section 8 investments.

To further contextualize, let's examine the specific figures:

Fair Market Rent (FMR): $1,600 - This is the benchmark used by HUD for determining rental assistance payments under the Section 8 program. It indicates that properties in this ZIP can receive higher subsidies compared to the actual market rent, which is $1,575.
Market Rent: $1,575 - This figure represents the typical rent charged in the area, suggesting a competitive market where rents are slightly lower than the subsidy threshold.
Home Value: $254,473 - This median home value is relatively modest, indicating that the area is not considered a premium sub-market within the MSA. Instead, it aligns more closely with mid-tier neighborhoods but leans towards the lower end due to its affordability.
Renter Share: 60.4% - A significant portion of the population in this ZIP code rents their homes, which is higher than the typical MSA ZIP codes. This high percentage can be attributed to the area's affordability and the presence of programs like Section 8.

In summary, ZIP 06112 stands out as a value pocket within its metro, offering opportunities for landlords and small-portfolio investors to capitalize on the demand for affordable rentals supported by the Section 8 program.

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.