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 | $2,030 |
| 1 Bedroom | $2,510 |
| 2 Bedrooms | $2,910 |
| 3 Bedrooms | $3,490 |
| 4 Bedrooms | $4,330 |
| 5 Bedrooms | $5,023 |
| 6 Bedrooms | $5,626 |
| 7 Bedrooms | $6,076 |
| 8 Bedrooms | $6,380 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,910 | $731,697 | 0.4% | F |
| 3BR | $3,490 | $1,007,440 | 0.35% | F |
| 4BR | $4,330 | $1,332,721 | 0.32% | F |
| 5BR | $5,023 | $1,976,920 | 0.25% | F |
U.S. Census Bureau data (2024)
The ZIP code 06883, located in Weston, Connecticut within the Bridgeport-Stamford-Danbury, CT MSA, presents a unique opportunity for Section 8 real-estate investors. The HUD Fair Market Rent (FMR) for the area is set at $3730 for the fiscal year 2024. This figure is slightly above the market rent reported by the Census Bureau's American Community Survey (ACS), which stands at $3,501.
Voucher tenants in this region will typically cashflow at the HUD FMR rate. Given that the HUD FMR exceeds the average market rent, landlords can expect a positive cashflow when renting to voucher holders under these conditions. This scenario is particularly favorable for investors seeking steady income without the need for premium units to achieve profitability.
The median home value in ZIP 06883 is $1,353,498. To derive the rent-to-price ratio, we divide the market rent ($3,501) by the median home value ($1,353,498). This yields a ratio of approximately 0.26%, indicating that rental income is relatively low compared to the high cost of homeownership in the area. This dynamic suggests that the buy vs. rent decision heavily favors renting due to the high cost of purchasing property.
The area's listing data shows an N/A-day median Days on Market (DOM) and a 0.1% share of homes that have experienced price cuts. These figures indicate a stable housing market with little fluctuation in pricing, suggesting that the area is less prone to rapid changes in home values and rental rates.
The strongest investor angle in ZIP 06883 is cashflow. With the HUD FMR exceeding the market rent and the stable nature of the housing market, investors can expect reliable income from their properties without significant risk of vacancy or price erosion.
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.