Section 8 Fair Market Rent (FMR) for ZIP 61439 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The town of Glastonbury, located within ZIP code 61439, offers a unique blend of suburban tranquility and urban accessibility, making it an attractive location for both residents and investors. The area's proximity to amenities and services, combined with its relatively low market rent, positions it as a promising investment opportunity for those interested in Section 8 real estate.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050, providing a benchmark for rental pricing that aligns well with the actual market conditions.
• The current market rent for properties in ZIP 61439 stands at $663, according to the Census ACS data, indicating a potential for positive cash flow when renting to Section 8 tenants.
• The median income in the area is $59,125, which suggests a stable economic base that supports the demand for affordable housing options.
• Renters make up 30.1% of the population, showing a significant portion of the community relies on rental properties, including those supported by Section 8 vouchers.
• The median home value is not available, but this can be seen as an advantage for investors looking to acquire rental properties without the competition for high-value homes.
• The Days on Market (DOM) is not specified, but considering the strong rental market and the availability of Section 8 vouchers, properties should find tenants quickly once listed.

Investors in Glastonbury, ZIP 61439, can leverage the lower market rent and the strong demand for affordable housing to achieve solid returns. With the Fair Market Rent at $1,050 and the actual market rent at $663, there is room to increase rents while still being competitive. The significant renter share of 30.1% ensures a steady pool of potential tenants, particularly those who qualify for Section 8 assistance. The median income of $59,125 indicates a stable economic environment that supports the local rental market. Despite the lack of data on median home values and Days on Market, the overall economic indicators and the favorable rental pricing suggest that Glastonbury presents a viable opportunity for landlords and small-portfolio investors focused on Section 8 properties.

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.