Section 8 Fair Market Rent (FMR) for ZIP 76854 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 76854

• Housing Authority of Junction (Junction, TX)

The town of Falls Village, located in ZIP code 76854, is a small community in Litchfield County, Connecticut, known for its picturesque landscapes and rural charm. This area is particularly interesting for real estate investors due to its unique mix of affordable housing options and higher-income residents, making it a niche market for both Section 8 and general rental properties.

• Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070. This figure represents the maximum amount that Section 8 tenants can be expected to pay for housing in the region, providing a benchmark for landlords considering participation in the program.
• Rental market data is currently unavailable. However, given the high median income of $120,531, there is likely strong demand for quality rental units, which could present opportunities for landlords outside of the Section 8 program.
• A significant 45.7% of the population are renters. This indicates a substantial portion of the community relies on rental housing, suggesting a stable base of potential tenants.
• The median income in the area is notably high at $120,531. This suggests that while the FMR for Section 8 is relatively low, there is a larger pool of higher-paying tenants who might be interested in market-rate rentals.
• The median home value is currently not available. Despite this gap in information, the high median income implies that homeownership is feasible for many residents, but the rental market remains vital.
• The Days on Market (DOM) for rental listings is not specified. This could indicate either a highly competitive rental market or a less active one, depending on the local dynamics. Further investigation would be needed to determine the typical speed of rental property turnover.

Investors should consider Falls Village's blend of affordable Section 8 rents and a high median income when evaluating their portfolio strategies. While the FMR for the metro area is $1,070, the significant share of renters and the potential for higher-paying market-rate tenants make the area attractive for those looking to diversify their investments. The exact median home value and DOM figures are critical for understanding the full scope of the real estate market here, but the existing data points to a robust rental sector that could offer steady returns for landlords.

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.