Location: Northwest Hills Planning Region, 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 | $2,960 |
| 4 Bedrooms | $3,390 |
| 5 Bedrooms | $3,932 |
| 6 Bedrooms | $4,404 |
| 7 Bedrooms | $4,756 |
| 8 Bedrooms | $4,994 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,260 | $648,378 | 0.35% | F |
| 3BR | $2,960 | $836,148 | 0.35% | F |
| 4BR | $3,390 | $1,197,153 | 0.28% | F |
U.S. Census Bureau data (2024)
The ZIP code 06783, located in Roxbury, CT, within the Northwest Hills Planning Region of the CT metro, presents an interesting profile when compared to typical ZIP codes in its region. The Fair Market Rent (FMR) for 06783 is set at $2,370 for fiscal year 2026, which is higher than the average market rent of $1,713. This indicates that while government-assisted renters might have slightly higher budgets, the actual market rents are lower, suggesting a potential value pocket for landlords.
Average home values in 06783 stand at $942,483, which is notably above the typical home values in other ZIP codes within the same region. This suggests that 06783 is likely a premium sub-market, attracting higher-income residents who can afford homes at a significant premium over the regional average.
The renter share in 06783 is 17.3%, which is a moderate percentage and not unusually high compared to what might be seen in other ZIP codes within the Northwest Hills Planning Region. However, the combination of below-metro home values and a reasonable renter share does not strongly indicate a Section 8 sweet spot, as typically such areas would have both a higher renter share and lower home values.
To summarize, 06783 appears to be a premium sub-market due to its high home values, but it also offers opportunities for landlords as the market rents are below the FMR. This could be advantageous for those looking to attract tenants with government assistance programs. However, the relatively low renter share means that the majority of residents are homeowners, which is consistent with the higher-end nature of the ZIP code.
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.