Section 8 Fair Market Rent (FMR) for ZIP 06440 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 06440, located in the Bridgeport-Stamford-Danbury County area of Connecticut, presents unique characteristics that set it apart from other regions. With limited data available, the exact number of residents, percentage of renters, median income, and median home value cannot be specified. However, the economic landscape is illuminated through the lens of Section 8 housing vouchers.

The Fair Market Rent (FMR) for ZIP 06440 in fiscal year 2024 is set at $2320. This figure represents the maximum amount that landlords can receive from the federal government for a Section 8 rental unit in this ZIP code. It's important to note that without specific market rent data for ZIP 06440, direct comparisons cannot be made. However, the FMR provides a benchmark for rental pricing in subsidized housing.

Given the limited data points, the overall economic condition of ZIP 06440 appears to be somewhat stable, though the lack of detailed information on resident demographics and housing market specifics prevents a definitive assessment. Landlords and small-portfolio investors should consider the $2320 FMR as a key factor in their decision-making process regarding the participation in the Section 8 program. This figure can influence the types of units offered and the potential for long-term rental stability.

To summarize, while the exact demographic and economic details of ZIP 06440 remain unclear, the $2320 FMR for Section 8 vouchers offers insight into the rental market dynamics. The absence of fluctuating data suggests a stable environment, but caution is advised due to the incomplete dataset.

Data Sources: FMR data from HUD (2027).

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.