Location: Bridgeport-Stamford-Danbury, CT | Metro: Bridgeport-Stamford-Danbury, 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 | $1,710 |
| 1 Bedroom | $2,120 |
| 2 Bedrooms | $2,460 |
| 3 Bedrooms | $2,950 |
| 4 Bedrooms | $3,660 |
| 5 Bedrooms | $4,246 |
| 6 Bedrooms | $4,756 |
| 7 Bedrooms | $5,136 |
| 8 Bedrooms | $5,393 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,460 | $529,419 | 0.46% | F |
| 3BR | $2,950 | $601,303 | 0.49% | F |
| 4BR | $3,660 | $822,897 | 0.44% | F |
| 5BR | $4,246 | $1,069,028 | 0.4% | F |
U.S. Census Bureau data (2024)
Newtown, CT, represented by ZIP code 06470, stands out in Fairfield County with a population of 15,593 residents, where only 12.6% of the residents are renters. The median household income in Newtown is $153,238, significantly higher than the national average, indicating a relatively affluent community. The median home value in Newtown is an impressive $671,459, reflecting the high cost of living and property values typical of this area.
The economic dynamics of the Section 8 program in Newtown are particularly noteworthy. The Fair Market Rent (FMR) for the zip code for fiscal year 2024 is set at $2,060, which is notably higher than the market rent of $1,873 reported by the Census Bureau's American Community Survey (ACS). This discrepancy suggests that landlords participating in the Section 8 program can expect slightly higher rents compared to the local market rates, making it a potentially attractive option for those willing to navigate the administrative requirements of the program.
The data signature of Newtown, CT, suggests a stable environment. With a strong median income and high median home values, the area appears to be well-established with little indication of rapid change. The modest rental market share further supports this stability, as most residents own their homes, reducing the likelihood of significant fluctuations in housing demand. Landlords and small-portfolio investors should find Newtown to be a reliable market for both traditional rentals and Section 8 properties, with the added benefit of receiving slightly above-market rents through the voucher program.
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.