Section 8 Fair Market Rent (FMR) for ZIP 06724 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,260
1 Bedroom	$1,380
2 Bedrooms	$1,760
3 Bedrooms	$2,200
4 Bedrooms	$2,620
5 Bedrooms	$3,039
6 Bedrooms	$3,404
7 Bedrooms	$3,676
8 Bedrooms	$3,860

The town located in ZIP code 06724, Connecticut, offers a unique blend of suburban charm and access to urban amenities, making it an attractive location for both residents and investors. However, the lack of comprehensive market data presents challenges in fully understanding the rental and housing dynamics of the area.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 06724 for fiscal year 2024 is set at $1600.
The market rent is currently not available, indicating that there may be limited recent listings or transactions to provide a clear picture of rental rates.
The median home value is also not available, suggesting that detailed housing price data might be sparse or outdated.
The percentage of renters in the area is not available, which means we cannot determine the exact proportion of homeowners versus renters.
The Days on Market (DOM) figure is not available, so it's unclear how quickly properties are selling or renting once they come onto the market.
The median household income is not available, making it difficult to gauge the financial health and spending power of the local population.

Despite the availability of the Fair Market Rent at $1600 for a two-bedroom apartment, the absence of key data points such as market rent, median home value, renter share, days on market, and median income limits a thorough analysis. Landlords and small-portfolio investors should proceed with caution, relying on the FMR as a benchmark while seeking additional localized insights through real estate agents or community forums. The scarcity of data suggests a potentially less active market, which could mean fewer opportunities but also less competition for those who decide to invest.

Data Sources: FMR data from HUD (2027).

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.