Skip to main content
Loading page
CT/Litchfield County/06021

06021

ZIPSAFMR
Litchfield County, CT
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,240$1,240
1 BR$1,460$1,460
2 BR$1,780$1,780
3 BR$2,350$2,350
4 BR$2,690$2,690
5 BR$3,093Not available
6 BR$3,558Not available
7 BR$4,091Not available
8 BR$4,705Not available

Purchase Price Calculator

Maximum purchase price
$202,591

Cost breakdown

+Likely effective rent$1,780
HUD FMRUsed$1,780
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

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
--

ZIP 06021 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06021 (Litchfield County, CT) is $1,780 a month. That is down 4.3% from $1,860 in FY 2026. Among 36 ZIP codes in Litchfield County, 06021 has the 22nd-highest two-bedroom rent (county range $1,460–$3,400). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06021 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06021
BedroomsFY 2027Change90–110% range
Studio$1,240−3.1%$1,116–$1,364
1BR$1,460−3.3%$1,314–$1,606
2BR$1,780−4.3%$1,602–$1,958
3BR$2,350−2.1%$2,115–$2,585
4BR$2,690−0.4%$2,421–$2,959

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06021
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,240$1,460$1,780$2,350$2,690
FY 2026$1,280$1,510$1,860$2,400$2,700
FY 2025$1,210$1,430$1,770$2,210$2,530
FY 2024area FMR$1,006$1,160$1,484$1,819$2,024
FY 2023area FMR$925$1,067$1,384$1,684$1,859

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Litchfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06021
06018$1,600−10.1%
06021Current$1,780—
06024$1,800+1.1%
06031$2,250+26.4%
06039$1,550−12.9%
06057$1,620−9.0%
06058$1,500−15.7%
06063$1,590−10.7%
06068$1,900+6.7%
06069$2,180+22.5%
06098$1,510−15.2%
06750$1,460−18.0%

Questions about ZIP 06021 rents

How much will Section 8 pay for a two-bedroom in ZIP 06021?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,780, that basic range is $1,602 to $1,958 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 06021 for FY 2027?

The two-bedroom FMR fell 4.3%, from $1,860 in FY 2026 to $1,780 in FY 2027. Since FY 2025 it has risen 0.6%.

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