Location: Hartford-West Hartford-East Hartford, CT | Metro: Hartford-West Hartford-East Hartford, CT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,900 |
| 1 Bedroom | $2,180 |
| 2 Bedrooms | $2,730 |
| 3 Bedrooms | $3,250 |
| 4 Bedrooms | $3,590 |
| 5 Bedrooms | $4,164 |
| 6 Bedrooms | $4,664 |
| 7 Bedrooms | $5,037 |
| 8 Bedrooms | $5,289 |
U.S. Census Bureau data (2024)
The ZIP code 06376 is not a renter-heavy area. With only 0.0% of the population renting, it's clear that this is a homeowner-dominated area where Section 8 vouchers are scarce. The median household income stands at a robust $156,000, indicating a relatively affluent community.
Given the lack of market rent data, we cannot calculate the exact percentage of local income that goes towards typical rent. However, we can compare the median income to the Fair Market Rent (FMR) set by HUD for the fiscal year 2024, which is $1,890 for this ZIP code. For context, let's assume a conservative estimate of 30% of the median income being allocated towards housing costs. This would equate to $4,680 per month, significantly higher than the FMR.
A landlord in ZIP 06376 should expect tenants who, due to the scarcity of rental properties and the high median income, will likely be individuals or families with a strong preference for renting in this particular area despite the limited availability. These tenants might have specific reasons for renting rather than owning, such as short-term stays, lifestyle choices, or financial situations that prevent them from purchasing property.
While the voucher demand is low, any Section 8 tenants in this area would find the FMR of $1,890 well within their budget given the higher potential rent they could afford based on the median income. This suggests that landlords who do accept Section 8 vouchers might still attract tenants willing to pay closer to the actual market rate, if it were known, which would be above the FMR.
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.