Location: Northeastern Connecticut Planning Region, CT | Metro: Northeastern Connecticut Planning Region, CT
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,650 | $336,417 | 0.49% | F |
| 3BR | $2,110 | $407,990 | 0.52% | F |
| 4BR | $2,260 | $457,143 | 0.49% | F |
U.S. Census Bureau data (2024)
The ZIP code 06247 in Hampton, CT, stands out within Windham County due to its unique demographic and economic characteristics. With a population of 2,412 residents, only 9.2% rent their homes, indicating a strong preference for homeownership. The median household income here is $108,854, which is notably higher than the national average. Additionally, the median home value of $386,463 reflects a relatively affluent community.
The economics of Section 8 vouchers in ZIP 06247 reveal a significant disparity between the Federal Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR is set at $1,770, while the Census American Community Survey (ACS) indicates that the typical market rent is $1,226. This gap means that landlords accepting Section 8 vouchers can potentially receive higher rental payments than they would through market rates, making it an attractive option despite the lower percentage of renters.
Based on the data signature, ZIP 06247 appears to be a stable area, characterized by a high median income and home values. The low percentage of renters suggests that there might be limited opportunities for Section 8 housing, but the financial incentive for landlords to accept vouchers could encourage some to participate. However, the overall stability of the ZIP code implies that any transitional changes in the housing market would likely be gradual and influenced by broader economic trends rather than sudden shifts.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.