Section 8 Fair Market Rent (FMR) for ZIP 06782 - 2027

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

Investment Score for ZIP 06782

Monthly Rent (2BR)

$1,990

Median Price (2BR)

$287,106

1% Rule

0.69%

Annual Yield

8.32%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,420
1 Bedroom	$1,520
2 Bedrooms	$1,990
3 Bedrooms	$2,490
4 Bedrooms	$2,960
5 Bedrooms	$3,434
6 Bedrooms	$3,846
7 Bedrooms	$4,154
8 Bedrooms	$4,362

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,990	$287,106	0.69%	D
3BR	$2,490	$374,439	0.66%	D
4BR	$2,960	$455,533	0.65%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,978

Median Household Income

$124,708

Housing Units

747

Renter Percentage

9.4%

Occupancy Rate

100.0%

Renter Occupied

The town of Plymouth, Connecticut, located in ZIP code 06782, is a suburban community characterized by its blend of quiet residential neighborhoods and proximity to urban amenities. This setting makes it particularly attractive for both homeowners and renters seeking a comfortable living environment. Here's a concise market analysis based on recent data:

The Fair Market Rent (FMR) for ZIP 06782 in fiscal year 2026 is set at $2,060, reflecting the government's assessment of rental values in the area.
According to the Census American Community Survey (ACS), the average market rent in the area is currently $1,438, indicating a gap between government estimates and actual market conditions.
The median home value in Plymouth stands at $342,203, suggesting that homeownership is accessible but not without significant investment.
Renters make up only 9.4% of the population, implying a strong preference for homeownership over renting among residents.
The median household income in the area is $124,708, which is above the national average and suggests a robust local economy capable of supporting higher rents and home values.
Data on the number of days on market (DOM) for rental properties is currently N/A, indicating either limited data availability or a relatively quick turnover in rental listings.

Synthesizing these points, Plymouth presents a market where rental properties could potentially see increased demand due to the high median income, which supports higher rental rates. However, the low renter share and the disparity between the FMR and market rent suggest that the rental market might be less lucrative compared to the broader housing market. For landlords and small-portfolio investors, focusing on quality rentals that can command closer to the FMR could yield better returns, especially if they cater to the needs of the relatively affluent local population. The strong homeownership trend also implies that investing in single-family homes or condominiums could be a sound strategy, given the solid median home value and economic indicators.

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.