Section 8 Fair Market Rent (FMR) for ZIP 06472 - 2027

Location: New Haven, CT | Metro: New Haven, CT MSA

Investment Score for ZIP 06472

Monthly Rent (2BR)

$1,950

Median Price (2BR)

$426,686

1% Rule

0.46%

Annual Yield

5.48%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,500
1 Bedroom	$1,630
2 Bedrooms	$1,950
3 Bedrooms	$2,430
4 Bedrooms	$2,740
5 Bedrooms	$3,178
6 Bedrooms	$3,559
7 Bedrooms	$3,844
8 Bedrooms	$4,036

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,950	$426,686	0.46%	F
3BR	$2,430	$485,500	0.5%	F
4BR	$2,740	$581,468	0.47%	F
5BR	$3,178	$613,349	0.52%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,363

Median Household Income

$105,729

Housing Units

2,378

Renter Percentage

9.7%

Occupancy Rate

97.1%

Renter Occupied

223

North Branford, CT, represented by ZIP code 06472, is a suburban community located in New Haven County. It offers a blend of rural charm and suburban convenience, making it an attractive location for both homeowners and renters. The area is known for its quiet neighborhoods, proximity to urban amenities, and strong local economy.

The Fair Market Rent (FMR) for North Branford, CT, is set at $1,790 for a two-bedroom apartment in fiscal year 2024.
The average market rent, according to the latest Census American Community Survey (ACS), is $1,408 per month for a similar unit.
The median home value in North Branford is $485,264, indicating a relatively high property value compared to national averages.
Renters make up 9.7% of the housing market, suggesting a predominantly owner-occupied community.
The median household income is $105,729, which is significantly higher than the national average, pointing to a strong economic base that supports rental demand.
Unfortunately, the exact number of days on the market (DOM) for rental properties is not available, but the high median income suggests that rental units are likely to be occupied quickly once listed.

Investors considering North Branford, CT, should note the disparity between the Fair Market Rent and the actual market rent, indicating potential for rent increases. The high median home value signals a robust real estate market, while the significant median income suggests a financially stable tenant pool. Despite the low renter share, the strong local economy ensures that rental demand remains steady. Overall, North Branford presents a favorable investment environment for those willing to navigate the slightly lower market rents towards achieving fair market rates.

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.