Section 8 Fair Market Rent (FMR) for ZIP 06877 - 2027

Location: Bridgeport-Stamford-Danbury, CT | Metro: Bridgeport-Stamford-Danbury, CT MSA

Investment Score for ZIP 06877

Monthly Rent (2BR)

$2,680

Median Price (2BR)

$549,251

1% Rule

0.49%

Annual Yield

5.86%

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	$1,870
1 Bedroom	$2,310
2 Bedrooms	$2,680
3 Bedrooms	$3,210
4 Bedrooms	$3,990
5 Bedrooms	$4,628
6 Bedrooms	$5,183
7 Bedrooms	$5,598
8 Bedrooms	$5,878

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
1BR	$2,310	$331,918	0.7%	D
2BR	$2,680	$549,251	0.49%	F
3BR	$3,210	$859,503	0.37%	F
4BR	$3,990	$1,196,815	0.33%	F
5BR	$4,628	$1,676,148	0.28%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

25,110

Median Household Income

$179,219

Housing Units

9,587

Renter Percentage

16.5%

Occupancy Rate

95.9%

Renter Occupied

1,513

Ridgefield, CT, represented by ZIP code 06877, is a desirable suburban town located in Fairfield County, known for its affluent lifestyle, excellent schools, and proximity to New York City. This area attracts a mix of homeowners and renters, making it a viable option for real estate investment.

The Fair Market Rent (FMR) for a two-bedroom apartment in Ridgefield for fiscal year 2024 is set at $2,620. This figure represents the threshold for affordability under federal housing programs.
The market rent, as indicated by the Zillow Rent Index (ZORI), stands at $3,538 for a similar two-bedroom unit. This reflects the actual rental rates commanded by landlords in the area.
The median home value in Ridgefield is $978,190, indicating a high-end real estate market where property values are significantly above the national average.
Renters make up 16.5% of the population, suggesting that while there is a strong demand for rentals, the majority of residents own their homes.
The days on market (DOM) for rental properties is 31 days, which is relatively quick compared to other markets, pointing to a robust rental demand.
The median household income in Ridgefield is $179,219, a figure that supports higher rental prices and suggests a stable economic base for tenants.

Investors considering Ridgefield for their real estate portfolio can expect a competitive rental market with high potential returns, given the significant gap between the ZORI and FMR figures. The quick turnover rate for rental listings indicates strong tenant interest, and the high median income supports sustained rental demand. However, the relatively low renter share suggests that landlords should focus on quality units that appeal to the affluent demographic to maximize occupancy and rental income.

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.