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 | $2,010 |
| 1 Bedroom | $2,490 |
| 2 Bedrooms | $2,880 |
| 3 Bedrooms | $3,450 |
| 4 Bedrooms | $4,290 |
| 5 Bedrooms | $4,976 |
| 6 Bedrooms | $5,573 |
| 7 Bedrooms | $6,019 |
| 8 Bedrooms | $6,320 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,490 | $292,668 | 0.85% | C |
| 2BR | $2,880 | $543,103 | 0.53% | F |
| 3BR | $3,450 | $855,691 | 0.4% | F |
U.S. Census Bureau data (2024)
In ZIP 06901 of Stamford, CT, the potential risks for Section 8 landlords are significant. Tenant turnover can be a concern due to the difference between the market rent of $2,923 and the Fair Market Rent (FMR) of $2,730 for fiscal year 2024. This gap suggests that tenants might struggle to afford market rates, leading to higher turnover rates. Additionally, the vacancy exposure is notable because the days on market (DOM) data is unavailable, indicating that properties might stay vacant longer than expected. The deferred maintenance risk is also present, considering the typical home value of $376,809 and a median income of $102,641. These figures suggest that residents might have limited funds available for maintaining homes, potentially resulting in higher repair costs for landlords.
Despite these challenges, there are factors that mitigate the risks. The renter share in ZIP 06901 stands at 87.0%, which is quite high. High renter density often correlates with increased demand for housing vouchers, making it easier for landlords to find qualified tenants who can pay consistently through the Section 8 program. This robust rental market provides a stable foundation for landlords willing to navigate the potential issues of tenant turnover and maintenance.
The verdict for first-time Section 8 landlords in ZIP 06901 is moderate risk. While there are clear challenges related to tenant turnover and property maintenance, the strong rental market and high demand for housing vouchers offer significant support. Landlords should prepare for the possibility of higher turnover and ensure they have adequate resources for maintenance, but the overall environment is conducive to successful Section 8 investments.
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.