Location: Northeastern Connecticut Planning Region, CT | Metro: Northeastern Connecticut Planning Region, CT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
Windham County's ZIP code 06259, Pomfret Center, CT, stands out among its peers with a population of 4,568 residents. A notable 19.4% of these residents are renters, which aligns with the area's median income of $108,476. The median home value in this ZIP is significantly higher at $469,077, reflecting the local real estate market dynamics.
The economics of Section 8 vouchers in Pomfret Center are particularly interesting. For fiscal year 2024, the Fair Market Rent (FMR) for a one-bedroom unit is set at $1,510. However, the actual market rent, according to Census ACS data, is considerably lower at $1,194. This discrepancy suggests that landlords participating in the Section 8 program can potentially benefit from a subsidy that exceeds the typical rental rates in the area.
The data signature for ZIP 06259 reads as stable. With a relatively low percentage of renters and a high median income, the local economy appears resilient. Additionally, the median home value indicates a strong property market, which is further supported by the favorable economics of Section 8 vouchers. Landlords and small-portfolio investors should consider the benefits of the higher subsidy amounts when evaluating their investment decisions in this ZIP code.
Data Sources: FMR data from HUD (2027). 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.