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 | $1,730 |
| 1 Bedroom | $1,920 |
| 2 Bedrooms | $2,350 |
| 3 Bedrooms | $2,870 |
| 4 Bedrooms | $3,200 |
| 5 Bedrooms | $3,712 |
| 6 Bedrooms | $4,157 |
| 7 Bedrooms | $4,490 |
| 8 Bedrooms | $4,715 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,350 | $399,669 | 0.59% | F |
| 3BR | $2,870 | $585,240 | 0.49% | F |
| 4BR | $3,200 | $721,224 | 0.44% | F |
| 5BR | $3,712 | $811,721 | 0.46% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 06419 (Killingworth, CT) on the yield and stability axes reveals a moderate investment scenario for landlords and small-portfolio investors.
Yield: The Fair Market Rent (FMR) for a two-bedroom unit in Killingworth, CT for fiscal year 2024 is set at $1,550, which aligns closely with the HUD's guidelines. Given the average home value of $603,746, the rental income from a two-bedroom unit represents approximately 31% of the annualized home value, indicating a decent yield but not exceptional compared to other markets.
Stability: With 3.3% of the population being renters, the rental market is relatively small and stable. However, the lack of data on days on market (DOM) and the reported household income of $140,655 suggests a more affluent area where traditional market rents may be higher than FMRs. This implies that while there is stability due to the lower percentage of renters, the actual rental activity might be less predictable.
Based on these figures, Killingworth, CT 06419 does not fit neatly into a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it falls somewhere in between. The yield is moderate, and the stability is influenced by a smaller rental population and potentially higher market rents. Therefore, landlords and small-portfolio investors should expect a balanced investment opportunity with reasonable returns and a relatively stable tenant base, though the actual rental demand may vary.
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.