State rental market reference · Data updated October 18, 2026
Connecticut rental market for DSCR investors: rent, taxes and insurance by planning region
What a rental in Connecticut rents for, what it costs to carry, and whether it stays rented, from official data for all 9 planning regions. Read it before you price a deal here.
Connecticut at a glance
What does a rental rent for?
$1,933 a month
HUD's FY2027 2-bedroom Fair Market Rent where most of Connecticut's renters live, from $1,560 (Northwest Hills Planning Region) to $2,399 (Greater Bridgeport Planning Region). It is the government figure for a modest 2-bedroom unit, utilities included, not the rent for a house.
What will property taxes cost?
1.81% of value a year
Homeowners in Connecticut pay a median $6,643 a year on a median home value of $366,900 (Census ACS 2020–2024). A rental can be taxed at a different rate than an owner's home; the local tax bill is the real number.
What will insurance cost?
$1,470 a year
The median that homeowners with a mortgage in Connecticut report paying for homeowners insurance (Census ACS 2020–2024). It is not a landlord quote: a rental policy usually costs more, and flood cover is extra.
Will it stay rented?
4.3% rental vacancy
Share of Connecticut's rental homes vacant and for rent (Census ACS 2020–2024), across 481,018 renter households. Lower means rentals fill faster.
Are jobs growing?
Employment down 3.5% in a year
Employed residents in August 2026 against a year earlier; unemployment 4.7% (BLS, not seasonally adjusted, so compare the same month a year apart).
Is new supply coming?
7,273 homes permitted in 2025
About 5.1 new homes per 1,000 households; 29% single-family (Census Building Permits Survey). More new homes means more competition for tenants and buyers.
How often does it flood?
16,188 flood claims since 2005
National Flood Insurance Program claims on properties in Connecticut since 2005, $456.1 million paid (FEMA). Claims show where water has reached insured buildings; they are not a flood map, so check the FEMA flood zone for the address.
What it means for a DSCR rental in Connecticut
A lender's DSCR is the monthly rent divided by the full monthly payment: principal, interest, property taxes, insurance and any HOA dues. Many lenders accept 1.00x; 1.20x leaves a cushion.
Take a home at Connecticut's median value of $366,900, bought with 25% down on a 7.5% 30-year loan, with the state's typical tax rate and insurance:
- Principal and interest ($275,175 loan)
- $1,924
- Property taxes
- $553
- Insurance
- $123
- Full monthly payment
- $2,600
- Rent for a 1.20x DSCR
- $3,120 a month
The government 2-bedroom figure where most of Connecticut's renters live is $1,933 a month, below the $3,120 that home needs. A house usually rents for more than a 2-bedroom unit, so price the house you are looking at with its own rent. The last column of the table below gives the same figure for each region.
Rules and costs a landlord faces in Connecticut
Each line quotes the official source it comes from and the date it was last checked. These are general rules, not legal advice; local rules can add to them.
- How long before you can file to evict for unpaid rent?
3 calendar days' notice for unpaid rent before an eviction can be filed.
The Notice to Quit must allow the tenant at least three full days to move.
State of Connecticut Judicial Branch, checked October 18, 2026
- Where do you insure when private insurers decline?
Connecticut FAIR Plan.
If you are unable to obtain coverage in the private market, the CT FAIR Plan serves Connecticut's insurer of last resort.
Connecticut Insurance Department, checked October 18, 2026
Market hubs in Connecticut
DSCRInfo does not publish a monthly market hub in Connecticut yet. The figures above and the table below cover every region; the market hubs cover other states.
Connecticut by region
All 9 planning regions, most renter households first. "Rent for 1.20x" is the monthly rent a home at that region's median value needs on the example loan above. A dash means the source publishes no reliable figure there.
| Region | 2-bed FMR | Property tax | Insurance / yr | Rental vacancy | Jobs, 1 yr | Permits | Flood claims | Rent for 1.20x |
|---|---|---|---|---|---|---|---|---|
| Capitol Planning Region | $1,933 | 1.99% | $1,350 | 4.8% | -3.5% | 1,146 | 0 | $2,820 |
| South Central Connecticut Planning Region | $2,091 | 1.91% | $1,530 | 4.5% | -3.4% | 1,020 | 0 | $3,050 |
| Western Connecticut Planning Region | $2,399 | 1.42% | $1,880 | 3.8% | -3.4% | 2,749 | 0 | $5,220 |
| Naugatuck Valley Planning Region | $1,745 | 1.88% | $1,350 | 4.3% | -3.6% | 513 | 0 | $2,730 |
| Greater Bridgeport Planning Region | $2,399 | 2.02% | $1,590 | 4.2% | -3.4% | 729 | 0 | $3,720 |
| Southeastern Connecticut Planning Region | $1,902 | 1.62% | $1,560 | 4.4% | -3.4% | 440 | 0 | $2,720 |
| Lower Connecticut River Valley Planning Region | $1,933 | 1.67% | $1,520 | 3.6% | -3.5% | 358 | 0 | $3,180 |
| Northwest Hills Planning Region | $1,560 | 1.67% | $1,400 | 3.1% | -4.7% | 133 | 0 | $2,810 |
| Northeastern Connecticut Planning Region | $1,568 | 1.42% | $1,360 | 1.3% | -4.0% | 185 | 0 | $2,510 |
Where these numbers come from
- 2-bedroom Fair Market Rent
- HUD's FY2027 Fair Market Rents, in effect from October 1, 2026: the rent and utilities of a modest 2-bedroom unit, set for housing vouchers. It is not a house rent. Where HUD publishes by town (New England), the region shows the range. HUD Fair Market Rents
- Property tax, insurance, vacancy and home value
- Census American Community Survey 5-year estimates, 2020–2024. Property tax is the median tax paid divided by the median home value of owner-occupied homes. Insurance is the median that owners with a mortgage report paying, not a landlord quote. Rental vacancy is homes vacant for rent divided by all rental homes. Figures from too few homes are left blank. American Community Survey
- Jobs
- BLS Local Area Unemployment Statistics: employed residents in August 2026 against the same month a year earlier, not seasonally adjusted. BLS LAUS
- Permits
- Census Building Permits Survey: new housing units authorized in 2025, all building sizes. Building Permits Survey
- Flood claims
- FEMA National Flood Insurance Program claims with a loss in 2005 or later, and the net amount paid. Only insured buildings appear. Check a flood zone
These are screening figures for comparing places, not a quote, an appraisal or a loan offer. Connecticut total flood payments since 2005: $456.1 million.