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 | $1,530 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $2,200 |
| 3 Bedrooms | $2,810 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,200 | $369,337 | 0.6% | F |
| 3BR | $2,810 | $448,428 | 0.63% | D |
| 4BR | $3,030 | $514,678 | 0.59% | F |
U.S. Census Bureau data (2024)
2280 is the Fair Market Rent (FMR) for ZIP code 06277 in Thompson, CT, for fiscal year 2024. 1100 is the market rent as reported by the Census ACS, indicating a significant gap between the FMR and actual market rates. 392856 is the median home value, reflecting a robust housing market where property values are high but still within reach for many residents. 11.0 is the percentage of the population that rents, suggesting a smaller but steady demand for rental properties. 110000 is the median income, which provides a benchmark for assessing the financial health of potential tenants and their ability to afford housing. The data does not provide a specific number for days on market (DOM), nor does it offer a percentage for the price-cut share, implying a strong and stable local real estate market without significant fluctuations or prolonged periods of unsold inventory. Given these figures, landlords and small-portfolio investors can expect a fair return on investment when setting rents at or slightly below the FMR. The discrepancy between the FMR and the market rent highlights an opportunity to cater to both government-subsidized tenants and those paying market rates, maximizing profitability. In conclusion, ZIP 06277 presents a favorable environment for Section 8 participation, with a median home value and income levels supporting a healthy balance between subsidized and market-rate rentals.
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.