Location: New Haven, CT | Metro: New Haven, 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 | $1,680 |
| 1 Bedroom | $1,820 |
| 2 Bedrooms | $2,180 |
| 3 Bedrooms | $2,710 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,820 | $242,020 | 0.75% | D |
| 2BR | $2,180 | $381,148 | 0.57% | F |
| 3BR | $2,710 | $466,244 | 0.58% | F |
| 4BR | $3,060 | $562,865 | 0.54% | F |
| 5BR | $3,550 | $626,258 | 0.57% | F |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 06473, North Haven, Connecticut, presents an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for FY 2024 is $1,790. This figure contrasts with the market rent of $1,720, as reported by the Census Bureau's American Community Survey (ACS).
Voucher tenants in this area will cashflow at the HUD FMR rate, providing a positive cash flow scenario for landlords. However, the margin is slim, indicating that properties must be managed efficiently to ensure profitability. For landlords with premium units, the cash flow can be even more favorable due to higher rental rates that still fall within the voucher limits.
The median home value in North Haven is $461,463, which yields a rent-to-price ratio of approximately 0.37%. This ratio suggests that rental income represents a relatively small portion of the total property value, implying that the primary driver of investment returns would likely come from appreciation rather than rental income alone.
Regarding the rent-versus-buy dynamics, the median Days on Market (DOM) is N/A, and the share of homes making a price cut is 0.1%. These figures indicate that the housing market in North Haven is stable, with few homes needing to be discounted for sale. This stability supports the potential for steady appreciation over time.
The strongest investor angle in North Haven, given the data, is appreciation. The stable housing market and the potential for property values to rise over time make it an attractive location for long-term investments focused on capital gains.
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.