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 | $1,290 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,480 | $262,104 | 0.56% | F |
| 2BR | $1,850 | $358,289 | 0.52% | F |
| 3BR | $2,200 | $490,201 | 0.45% | F |
| 4BR | $2,430 | $620,242 | 0.39% | F |
| 5BR | $2,819 | $810,371 | 0.35% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 06413, located in Clinton, Connecticut, reveals a unique balance between yield and stability that is neither a high-yield/low-stability flip-style market nor purely a steady-cashflow zone. The Federal Market Rent (FMR) for the fiscal year 2024 is set at $1,720, significantly above the market rent of $1,395, indicating a potential for higher rental yields. However, the median home value stands at $452,919, which is notably higher than the average income of $124,824 reported for the area.
This suggests that while there is an opportunity for increased rental income, the financial capability of the local population to afford such rents is limited. The low percentage of renters, at only 15.3%, further supports this conclusion, implying a smaller pool of potential tenants who can afford the FMR rate. This combination of factors points towards a market where landlords might achieve slightly above-average yields but should be cautious about long-term stability due to the mismatch between rent levels and household incomes.
To summarize, ZIP 06413 leans more towards a medium-yield/medium-stability market. It offers a chance for landlords to capitalize on higher-than-market rental rates, driven by the FMR figure of $1,720. However, the relatively low tenant income and small percentage of renters indicate that maintaining occupancy could be challenging, thus affecting the overall stability of cash flows. Therefore, landlords and small-portfolio investors should approach this market with a balanced strategy, focusing on both yield and the risks associated with tenant affordability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.