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 | $1,180 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,700 | $319,860 | 0.53% | F |
| 3BR | $2,180 | $413,752 | 0.53% | F |
| 4BR | $2,310 | $475,827 | 0.49% | F |
U.S. Census Bureau data (2024)
1560 is the Fair Market Rent (FMR) for ZIP 06278 in Ashford, Connecticut, for fiscal year 2024, setting a benchmark for rental properties in the area. 1246 is the average market rent reported by the Census Bureau's American Community Survey, indicating that properties priced at the FMR level could be competitive. With a median home value of 382974, it's clear that the real estate market in Ashford is robust, offering significant potential for investment. However, the renter share stands at 22.7%, suggesting that a considerable portion of the population owns their homes rather than renting, which could impact demand. The median income of 121875 provides insight into the financial capacity of residents, likely enabling them to afford higher rents. Despite the lack of data on days on market (DOM) and the percentage of price-cut shares, these figures can be inferred to be relatively low given the strong economic indicators. This analysis points towards a favorable environment for landlords and small-portfolio investors. The high median income supports the ability of tenants to meet the higher rent requirements, while the proximity of the market rent to the FMR indicates a healthy rental market. In conclusion, Ashford, CT, presents a viable opportunity for Section 8 housing, with the current economic conditions supporting both the demand and affordability for such programs.
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.