Location: Bridgeport-Stamford-Danbury, CT | Metro: Bridgeport-Stamford-Danbury, CT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,760 |
| 1 Bedroom | $2,180 |
| 2 Bedrooms | $2,530 |
| 3 Bedrooms | $3,030 |
| 4 Bedrooms | $3,770 |
| 5 Bedrooms | $4,373 |
| 6 Bedrooms | $4,898 |
| 7 Bedrooms | $5,290 |
| 8 Bedrooms | $5,555 |
The Fair Market Rent (FMR) for ZIP code 06829 in Connecticut for fiscal year 2024 is set at $2310. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, not the actual rent that will be paid. The payment standard is designed to ensure that housing is affordable for low-income families while also providing landlords with a fair rental rate.
In ZIP 06829, the local median rent is currently listed as N/A, which makes it difficult to directly compare the FMR to typical market rents. However, the percentage of renters in the area who qualify for Section 8 assistance is N/A%, indicating a significant demand for subsidized housing. This high share of potential tenants could mean steady occupancy rates for your property.
The average home value in ZIP 06829 is N/A, which can help you gauge the acquisition cost of properties in the area. If you are looking to purchase a rental property, this figure gives you an idea of the investment required.
Before proceeding with a Section 8 rental, it's crucial to verify that your property meets all the necessary Housing Quality Standards (HQS). These standards ensure that the property is safe and livable for tenants, covering everything from structural integrity to basic amenities. A failure to meet these standards can result in delays or even rejection of your application to participate in the program.
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.