Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,930 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
$1650 is the Fair Market Rent (FMR) for ZIP 06129, as set by HUD for fiscal year 2024. This figure serves as a benchmark for assessing rental property values and subsidies within the area.
N/A market rent indicates that there is no recent data available for the average market rent in ZIP 06129. This could be due to a lack of sufficient rental listings or recent transactions to establish a reliable average.
N/A median home value suggests that there is insufficient data to determine the typical home value in ZIP 06129. This absence of information can make it challenging to assess the overall real estate market health without additional context.
N/A% renter share means that the percentage of residents who are renters rather than homeowners is not specified. This metric would typically provide insight into the demand for rental properties versus owner-occupied homes.
N/A median income implies that the median household income for ZIP 06129 is not currently available. Understanding the local income levels is crucial for predicting tenant stability and rental income potential.
N/A-day DOM (Days On Market) indicates that there is no recent data on how long properties typically stay on the market before selling. This figure is important for gauging the speed at which real estate transactions occur in the area.
N/A% price-cut share suggests that there is no recent data on the percentage of homes that have been listed with price reductions. This statistic can reveal trends about seller urgency and market conditions.
The real estate listings in ZIP 06129 show a range of properties, from a $249,900 three-bedroom house to a $799,000 four-bedroom home. These examples illustrate the diversity in the local market, from affordable to luxury homes.
Verdict: ZIP 06129 presents opportunities for Section 8 landlords with a clearly defined FMR, but lacks comprehensive market data, making thorough analysis challenging.
Data Sources: FMR data from HUD (2027).
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.