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 |
The ZIP code 06154 in Hartford, CT, represents a thriving suburban community with a total population of approximately 26,154 residents. This area is characterized by a moderate housing market, with median home values around $232,874 and a median household income of $61,154.
Rent economics in this ZIP code are favorable for Section 8 investors. The Fair Market Rent (FMR) for ZIP 06154 in fiscal year 2024 is set at $1,650, while the current median rent stands at $1,698. This indicates a slight premium over the FMR, reflecting a robust local rental market.
The place fits well for both hands-off voucher operators and hands-on value-add buyers. With a median household income 100% higher than the state average and median home values 101% above the state average, the area demonstrates strong economic fundamentals. However, the safety score of 52/100 suggests there is room for improvement in this dimension, which could be a focus for value-add strategies.
The overall livability score of 76 out of 100 reflects a good quality of life, with particularly high scores in amenities (100/100) and housing (96/100). The cost of living index is 59, lower than the national average of 100, making it an attractive location for those seeking affordable living conditions.
Given the data, landlords and small-portfolio investors should consider the potential for both passive income through Section 8 vouchers and active management to enhance property values and tenant satisfaction. The area's economic strength and amenity-rich environment support a range of investment approaches.
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.