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 | $1,560 |
| 1 Bedroom | $1,890 |
| 2 Bedrooms | $2,260 |
| 3 Bedrooms | $2,740 |
| 4 Bedrooms | $3,240 |
| 5 Bedrooms | $3,758 |
| 6 Bedrooms | $4,209 |
| 7 Bedrooms | $4,546 |
| 8 Bedrooms | $4,773 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,260 | $268,046 | 0.84% | C |
| 3BR | $2,740 | $313,983 | 0.87% | C |
U.S. Census Bureau data (2024)
ZIP code 06607, located in Bridgeport, Connecticut, is predominantly a renter-heavy area with significant voucher demand. With a population of 7,979, 59.7% of residents are renters, indicating a robust market for rental properties. The median household income stands at $50,000, which is notably lower than the average market rent of $2,003 per month.
The typical rent consumes nearly 48.1% of the median monthly income when calculated annually. This high percentage suggests that many tenants will struggle to afford market rates without assistance. The Fair Market Rent (FMR) for the area, set at $1,870 for FY 2024, aligns closely with the actual market rent but offers a slightly more affordable option for those utilizing housing vouchers.
In this environment, landlords can expect a tenant pool heavily reliant on Section 8 vouchers to manage their housing costs. The demand for rental units is strong, driven by a high concentration of renters who often require financial aid due to the disparity between local incomes and rents. Tenants will likely be families or individuals with limited financial means, seeking affordable housing options that match their income levels.
To attract and retain tenants, landlords must understand the importance of vouchers in the local rental market. Properties priced near or below the FMR of $1,870 will have an advantage in securing tenants who qualify for Section 8 assistance. Landlords should also prepare to navigate the requirements and regulations associated with accepting housing vouchers, as this is a critical aspect of the rental landscape in ZIP 06607.
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.