Section 8 Fair Market Rent (FMR) for ZIP 44633 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The town of Clinton, located in Middlesex County, Connecticut, represented by ZIP code 44633, offers a stable housing market with a mix of rental and homeownership opportunities. The area benefits from a blend of suburban tranquility and proximity to urban amenities, making it attractive to both tenants and property owners.

• The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,120. This figure provides a benchmark for rental pricing and reflects the economic conditions expected in the coming years.
• The market rent for a similar two-bedroom unit, based on Census American Community Survey (ACS) data, stands at $1,030. This indicates that the actual rents in Clinton are slightly below the FMR, suggesting a balanced market where landlords can adjust their rates to stay competitive.
• The median home value in ZIP 44633 is $339,163. This price point is indicative of a middle-class neighborhood, offering affordability to first-time buyers and investment opportunities for those looking to enter the market.
• Renters make up 24.3% of the population, which means there's a substantial demand for rentals, but also a significant portion of owner-occupiers, reflecting a diverse housing landscape.
• The median household income in the area is $64,688. This level of income suggests that residents have the financial capacity to afford modest housing costs, supporting the local rental and homeownership markets.
• The Days on Market (DOM) data is currently unavailable, indicating either a very active market where properties sell quickly, or a lack of recent sales data to accurately gauge the speed of transactions.

For landlords and small-portfolio investors, Clinton presents a solid investment opportunity. With rental prices below the FMR, there is potential for modest increases without pricing out the local market. The median home value supports a reasonable cost basis for investment properties, while the income levels suggest that tenants can comfortably cover rent. The mix of renters and homeowners ensures a steady demand for both types of housing, making Clinton a reliable choice for those seeking stability and growth in their real estate investments.

Data Sources: FMR data from HUD (2027). 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.