Section 8 Fair Market Rent (FMR) for ZIP 06141 - 2027

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

FY 2027 Fair Market Rent Rates

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

To determine if you should buy in ZIP code 06141 (Unknown, CT) for Section 8 investment, follow this decision tree:

Step 1: Can the Fair Market Rent (FMR) of $1650 cover the debt service?

No: If the FMR cannot clear the debt service on a property, purchasing for Section 8 in this area is not advisable. Debt service includes mortgage payments, property taxes, insurance, and maintenance costs.
Yes: Proceed to Step 2.

Step 2: How does the market rent compare to the FMR?

Above FMR: If the market rent is higher than $1650, consider other rental options that might yield better returns. However, if your goal is specifically to cater to Section 8 tenants, continue to Step 3.
At or Below FMR: Proceed to Step 3.

Step 3: Is there sufficient demand for rental properties?

It Depends: With the percentage of renters and the days on market (DOM) being unknown, it's crucial to gather more data. Typically, a high percentage of renters and low DOM indicate strong demand. Conversely, a low percentage of renters and high DOM suggest weak demand. Without these specifics, you must research local rental trends and competition to make an informed decision.

Note: The data provided is incomplete, with several key metrics missing. To make a robust decision, you need to fill in the gaps regarding market rent, the percentage of renters, and the DOM. This information can be obtained from local real estate agents, online listings, and government housing resources.

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.