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CT/Hartford County/06002

06002

ZIPSAFMR
Hartford County, CT
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,710
1 BR$1,960$1,960
2 BR$2,460$2,460
3 BR$2,930$2,930
4 BR$3,240$3,240
5 BR$3,726Not available
6 BR$4,285Not available
7 BR$4,928Not available
8 BR$5,667Not available

Purchase Price Calculator

Maximum purchase price
$303,639

Cost breakdown

+Likely effective rent$2,460
HUD FMRUsed$2,460
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,535
Loan amount$242,911
Down payment$60,728
Rate6.50%
Term30 years
-Operating costs-$725
Property taxes-$304
Insurance-$175
Utilities$0
HOA$0
Management-$246
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,250(64.6% ROI)
Projected value
$326,985
Return breakdown
Property appreciation+$23,347
Loan principal paid down+$8,703
Rental cash flow+$7,200
5-year hold
+$67,420(111.0% ROI)
Projected value
$343,539
Return breakdown
Property appreciation+$39,901
Loan principal paid down+$15,520
Rental cash flow+$12,000
10-year hold
+$146,025(240.5% ROI)
Projected value
$388,683
Return breakdown
Property appreciation+$85,044
Loan principal paid down+$36,980
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 06002 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06002 (Hartford County, CT) is $2,460 a month. That is up 3.8% from $2,370 in FY 2026. Among 52 ZIP codes in Hartford County, 06002 has the 6th-highest two-bedroom rent (county range $1,560–$2,900). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06002 is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06002
BedroomsFY 2027Change90–110% range
Studio$1,710+4.9%$1,539–$1,881
1BR$1,960+4.3%$1,764–$2,156
2BR$2,460+3.8%$2,214–$2,706
3BR$2,930+3.2%$2,637–$3,223
4BR$3,240+0.6%$2,916–$3,564

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06002
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,960$2,460$2,930$3,240
FY 2026$1,630$1,880$2,370$2,840$3,220
FY 2025$1,430$1,650$2,090$2,520$2,990
FY 2024$1,420$1,670$2,100$2,540$3,080
FY 2023$1,240$1,500$1,860$2,260$2,760

Two-bedroom rent in nearby Hartford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06002
06001$2,320−5.7%
06002Current$2,460—
06010$1,800−26.8%
06013$1,650−32.9%
06016$2,170−11.8%
06019$1,910−22.4%
06023$1,910−22.4%
06026$1,670−32.1%
06027$1,980−19.5%
06032$2,450−0.4%
06033$2,350−4.5%
06035$1,970−19.9%

Questions about ZIP 06002 rents

How much will Section 8 pay for a two-bedroom in ZIP 06002?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,460, that basic range is $2,214 to $2,706 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

How much did fair market rent change in ZIP 06002 for FY 2027?

The two-bedroom FMR rose 3.8%, from $2,370 in FY 2026 to $2,460 in FY 2027. Since FY 2023 it has risen 32.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentCT statewide rentsWhat is SAFMR?Data sources