Location: Waterbury-Shelton, CT | Metro: Hartford-West Hartford-East Hartford, 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 | $1,390 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $2,000 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,630 |
| 5 Bedrooms | $3,051 |
| 6 Bedrooms | $3,417 |
| 7 Bedrooms | $3,690 |
| 8 Bedrooms | $3,875 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,600 | $193,722 | 0.83% | C |
| 2BR | $2,000 | $310,527 | 0.64% | D |
| 3BR | $2,380 | $450,058 | 0.53% | F |
| 4BR | $2,630 | $635,910 | 0.41% | F |
| 5BR | $3,051 | $697,039 | 0.44% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 06489, Southington, Connecticut, for fiscal year 2024 is set at $1670. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the rent you'll receive directly; rather, it's the benchmark used to determine the subsidy amount paid by the government on behalf of eligible tenants.
In comparison, the average market rent for the area is approximately $2000, as indicated by the ZORI (Zillow Rent Index). This suggests that landlords participating in Section 8 might have slightly lower rents compared to the overall market, but still maintain a reasonable income level.
The 18.0% renter share in Southington indicates that nearly one-fifth of the population are renters. This means there is a consistent demand for rental properties, particularly those affordable under the Section 8 program. The high percentage also implies that many residents rely on housing assistance, making your property attractive to potential tenants.
If you're looking to acquire a property in this area, the median home value stands at $437,012. This figure can help you estimate the cost of purchasing a rental unit suitable for Section 8 tenants. Remember, the FMR does not cover the entire cost of owning a rental property, so ensure the subsidy plus any tenant contribution covers your expenses.
Before committing to a Section 8 rental, verify that the property meets all the necessary inspection standards set by the Housing Authority. This includes ensuring that the unit is safe, decent, and sanitary. Failure to meet these requirements can result in reduced payments or termination from the program.
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.