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CT/Hartford County/06118

06118

ZIPSAFMR
Hartford County, CT
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,320$1,320
1 BR$1,510$1,510
2 BR$1,890$1,890
3 BR$2,250$2,250
4 BR$2,490$2,490
5 BR$2,864Not available
6 BR$3,293Not available
7 BR$3,787Not available
8 BR$4,355Not available

Purchase Price Calculator

Maximum purchase price
$218,937

Cost breakdown

+Likely effective rent$1,890
HUD FMRUsed$1,890
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,107
Loan amount$175,149
Down payment$43,787
Rate6.50%
Term30 years
-Operating costs-$583
Property taxes-$219
Insurance-$175
Utilities$0
HOA$0
Management-$189
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,309(69.2% ROI)
Projected value
$235,771
Return breakdown
Property appreciation+$16,834
Loan principal paid down+$6,275
Rental cash flow+$7,200
5-year hold
+$51,960(118.7% ROI)
Projected value
$247,707
Return breakdown
Property appreciation+$28,770
Loan principal paid down+$11,190
Rental cash flow+$12,000
10-year hold
+$111,985(255.7% ROI)
Projected value
$280,258
Return breakdown
Property appreciation+$61,321
Loan principal paid down+$26,665
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 06118 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06118 (Hartford County, CT) is $1,890 a month. That is up 4.4% from $1,810 in FY 2026. Among 52 ZIP codes in Hartford County, 06118 has the 30th-highest two-bedroom rent (county range $1,560–$2,900). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06118 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06118
BedroomsFY 2027Change90–110% range
Studio$1,320+5.6%$1,188–$1,452
1BR$1,510+5.6%$1,359–$1,661
2BR$1,890+4.4%$1,701–$2,079
3BR$2,250+3.7%$2,025–$2,475
4BR$2,490+1.2%$2,241–$2,739

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06118
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,320$1,510$1,890$2,250$2,490
FY 2026$1,250$1,430$1,810$2,170$2,460
FY 2025$1,100$1,260$1,600$1,930$2,290
FY 2024$1,080$1,280$1,600$1,930$2,350
FY 2023$980$1,180$1,470$1,790$2,180

Two-bedroom rent in nearby Hartford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06118
06106$1,640−13.2%
06107$2,490+31.7%
06108$1,660−12.2%
06109$1,870−1.1%
06110$2,260+19.6%
06111$2,060+9.0%
06112$1,870−1.1%
06114$1,800−4.8%
06117$2,480+31.2%
06118Current$1,890—
06119$2,270+20.1%
06120$1,850−2.1%

Questions about ZIP 06118 rents

How much will Section 8 pay for a two-bedroom in ZIP 06118?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,890, that basic range is $1,701 to $2,079 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 06118 for FY 2027?

The two-bedroom FMR rose 4.4%, from $1,810 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 28.6%.

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