Location: Bridgeport-Stamford-Danbury, 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 | $2,190 |
| 1 Bedroom | $2,720 |
| 2 Bedrooms | $3,150 |
| 3 Bedrooms | $3,780 |
| 4 Bedrooms | $4,690 |
| 5 Bedrooms | $5,440 |
| 6 Bedrooms | $6,093 |
| 7 Bedrooms | $6,580 |
| 8 Bedrooms | $6,909 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,150 | $1,016,991 | 0.31% | F |
| 3BR | $3,780 | $1,605,924 | 0.24% | F |
| 4BR | $4,690 | $2,545,695 | 0.18% | F |
| 5BR | $5,440 | $4,422,461 | 0.12% | F |
U.S. Census Bureau data (2024)
ZIP code 06878, located in Greenwich, Connecticut, stands out due to its high median income and median home value, which are significantly above national averages. With a population of 8,328, only 17.4% of residents rent their homes, indicating a predominantly owner-occupied area. The median income in this ZIP is $250,001, reflecting the affluent nature of the community. Moreover, the median home value reaches an impressive $2,595,370, underscoring the premium real estate market.
In the context of Section 8 housing, the Fair Market Rent (FMR) for ZIP 06878 in fiscal year 2024 is set at $3,390. This figure is slightly below the current market rent, which is estimated at $3,501 according to the Census Bureau's American Community Survey (ACS). For landlords and small-portfolio investors considering participation in the Section 8 program, it's important to note that while the FMR is lower than the market rate, the difference is minimal. This suggests that landlords can still maintain a reasonable profit margin when accepting vouchers.
The data signature for ZIP 06878 reads as stable. The high median income and median home values indicate a strong economic foundation, while the low percentage of renters suggests limited volatility in the rental market. Given these factors, landlords and investors can expect consistent demand and relatively steady returns on investment. However, they should remain vigilant about changes in local policies and economic conditions that could affect the stability of the market.
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.