Fairfield County Multifamily Market Report

Lingering headwinds delay recovery. Fairfield County’s multifamily market appears to be finding better balance, as demand outpaced new supply in the first quarter of 2026 following negative net absorption in the second half of 2025. However, early second-quarter data points to a slight pullback, as weak job growth and reduced international migration temper household formation. Elevated deliveries will further add vacancy pressure, likely prolonging concession usage and restraining rent growth. Nevertheless, vacancy is expected to remain near the U.S. rate as the market’s affluent renter base helps preserve leasing demand.