Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA
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 | $1,380 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $2,600 |
| 5 Bedrooms | $3,016 |
| 6 Bedrooms | $3,378 |
| 7 Bedrooms | $3,648 |
| 8 Bedrooms | $3,830 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,980 | $397,870 | 0.5% | F |
| 3BR | $2,360 | $449,528 | 0.52% | F |
| 4BR | $2,600 | $568,701 | 0.46% | F |
U.S. Census Bureau data (2024)
The real estate market in Hebron, Connecticut (ZIP 06248) presents a unique setup for both landlords and small-portfolio investors. With a median home value of $451,553, the area is positioned at a midpoint between affordability and luxury, making it an attractive option for various types of buyers.
The fact that there is no available data on the percentage of listings that have been reduced suggests a stable market where sellers are maintaining their asking prices. This stability, combined with the lack of available days on market (DOM) data, indicates that homes are likely selling close to their listed values, signaling strong pricing power for the next 12-24 months. Landlords and investors can leverage this by setting competitive rental rates that reflect the property's value without fear of overpricing.
On the rental side, the Fair Market Rent (FMR) for ZIP 06248 as of fiscal year 2024 is set at $1,580. However, the current market rent, according to the Census ACS, stands at $1,786. This discrepancy shows that the rental market is outpacing the FMR, suggesting a robust demand for rental properties in the area. Investors should align their rental prices with the market rate to maximize returns and maintain occupancy levels.
For long-term hold investors, the setup in Hebron implies a realistic appreciation thesis. The stable home values and strong rental market suggest that properties are likely to retain their value and potentially appreciate over time. However, the absence of recent trends in price reductions and DOM means caution is advised. While the current conditions point towards steady growth, investors must remain vigilant to market shifts and adjust their strategies accordingly.
In summary, the median home value, stable listing trends, and robust rental market indicate a favorable environment for real estate investment in Hebron, Connecticut. Landlords and investors can expect to maintain strong pricing power and benefit from the demand for rental properties, positioning themselves well for long-term appreciation.
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.