Section 8 Fair Market Rent (FMR) for ZIP 06483 - 2027

Location: Waterbury-Shelton, CT | Metro: Waterbury-Shelton, CT MSA

Investment Score for ZIP 06483

Monthly Rent (2BR)

$1,770

Median Price (2BR)

$325,296

1% Rule

0.54%

Annual Yield

6.53%

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	$1,270
1 Bedroom	$1,360
2 Bedrooms	$1,770
3 Bedrooms	$2,220
4 Bedrooms	$2,640
5 Bedrooms	$3,062
6 Bedrooms	$3,429
7 Bedrooms	$3,703
8 Bedrooms	$3,888

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
1BR	$1,360	$172,381	0.79%	D
2BR	$1,770	$325,296	0.54%	F
3BR	$2,220	$427,644	0.52%	F
4BR	$2,640	$586,483	0.45%	F
5BR	$3,062	$547,320	0.56%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

16,889

Median Household Income

$107,708

Housing Units

6,551

Renter Percentage

25.8%

Occupancy Rate

97.4%

Renter Occupied

1,643

Seymour, Connecticut, represented by ZIP code 06483, is a suburban community known for its blend of rural charm and proximity to urban amenities. This area offers a stable environment for both residential living and investment opportunities, particularly in rental properties. Here's a detailed market analysis based on the latest data:

The Fair Market Rent (FMR) for Seymour, CT, for fiscal year 2024 is set at $1,510, providing a benchmark for affordable housing standards.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $1,900. This figure represents the average rent price for rental properties in the area, reflecting a premium over the FMR.
The median home value in Seymour, CT, is $410,526. This suggests a relatively stable housing market with a mix of property types suitable for various investment strategies.
Renters make up 25.8% of the population in Seymour, indicating a moderate demand for rental properties.
The median income in the area is $107,708, which supports a healthy rental market and indicates that residents have the financial capacity to afford higher rents.

In summary, Seymour, CT, presents a balanced market for real estate investment, especially in rental properties. The gap between the FMR and the actual market rent suggests potential for above-average returns. However, the moderate renter share implies that while there is demand, it may not be overwhelming. Given the median income, tenants are likely to be financially stable, reducing the risk of delinquency. Overall, Seymour offers a solid foundation for landlords and small-portfolio investors seeking consistent performance in their investments.

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.