Location: Northwest Hills Planning Region, CT | Metro: Northwest Hills Planning Region, CT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,350 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,560 |
| 4 Bedrooms | $2,930 |
| 5 Bedrooms | $3,399 |
| 6 Bedrooms | $3,807 |
| 7 Bedrooms | $4,112 |
| 8 Bedrooms | $4,318 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 06753 reveals a unique balance between yield and stability that does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents an area where potential rental income is limited but property values and household incomes suggest a moderate level of stability.
On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,600. However, the absence of specific market rent figures for ZIP 06753 means we must rely on the FMR as a benchmark. This FMR is significantly lower than the median home value of $729,461, indicating that rental income alone will not provide a high yield relative to the investment required to purchase a property in this ZIP code. The low 0.0% of renters suggests that the majority of properties are owner-occupied, which further limits the potential rental market.
Regarding stability, the median household income of $250,011 is quite robust, suggesting a stable economic environment for residents. The lack of data on days on market (DOM) makes it challenging to assess the liquidity of the housing market. However, given the high median home value, it's reasonable to infer that the market might be less liquid, as such high-value transactions typically take longer to complete. Despite the limitations in rental yield, the strong income figure supports the idea that tenants who can afford to live in this ZIP code are likely to be financially stable and pose a lower risk of defaulting on rent payments.
In conclusion, ZIP 06753 is best characterized as a moderately stable market with limited rental yield opportunities. Landlords and small-portfolio investors should focus on long-term strategies that leverage property appreciation rather than short-term rental income gains. The robust household income provides some assurance regarding the financial health of potential tenants, though the overall rental market appears underdeveloped compared to the property values in the area.
Data Sources: FMR data from HUD (2027). 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.