Location: Northwest Hills Planning Region, CT | Metro: Northwest Hills Planning Region, CT
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 | $1,260 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,830 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,610 |
| 5 Bedrooms | $3,028 |
| 6 Bedrooms | $3,391 |
| 7 Bedrooms | $3,662 |
| 8 Bedrooms | $3,845 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,830 | $398,185 | 0.46% | F |
| 3BR | $2,340 | $568,043 | 0.41% | F |
| 4BR | $2,610 | $853,808 | 0.31% | F |
U.S. Census Bureau data (2024)
Kent, CT, ZIP 06757, is a suburban neighborhood with a total population of 2,125 residents. Renters make up 32.3% of the housing market, indicating a community where a significant portion of residents own their homes rather than lease. The area boasts a high median income of $95,186, reflecting a prosperous environment where residents have disposable income to invest in local businesses and real estate. The median home value stands at $561,272, which underscores the desirability and quality of life in this region.
From an investment perspective, the rent economics in ZIP 06757 are noteworthy. The Fair Market Rent (FMR), set at $2,030 for the metro area in fiscal year 2026, contrasts sharply with the actual market rent reported by the Census Bureau's American Community Survey, which is $687. This disparity highlights the potential for substantial rental subsidies through the Section 8 program, making it attractive for landlords who can leverage these subsidies to fill units at rates significantly higher than the market average.
The question then arises whether ZIP 06757 is better suited for a hands-off voucher operator or a hands-on value-add buyer. Given the high median income and desirable median home values, a hands-on approach might yield better returns. Investors could consider improving property conditions or adding amenities to justify higher rents, thereby maximizing the benefits of the Section 8 subsidy while also appealing to the affluent local market. Alternatively, for those seeking a simpler, passive investment strategy, the area's strong economic fundamentals and the presence of the Section 8 program ensure steady occupancy and cash flow without requiring extensive management efforts.
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.