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CT/Tolland County/06232

06232

ZIPSAFMR
Tolland County, CT
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,240$1,240
1 BR$1,420$1,420
2 BR$1,780$1,780
3 BR$2,120$2,120
4 BR$2,340$2,340
5 BR$2,691Not available
6 BR$3,095Not available
7 BR$3,559Not available
8 BR$4,093Not 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

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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 06232 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06232 (Tolland County, CT) is $1,780 a month. That is up 2.3% from $1,740 in FY 2026. Among 14 ZIP codes in Tolland County, 06232 has the 9th-highest two-bedroom rent (county range $1,410–$2,300). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06232 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06232
BedroomsFY 2027Change90–110% range
Studio$1,240+3.3%$1,116–$1,364
1BR$1,420+2.9%$1,278–$1,562
2BR$1,780+2.3%$1,602–$1,958
3BR$2,120+1.9%$1,908–$2,332
4BR$2,340−1.3%$2,106–$2,574

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06232
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,240$1,420$1,780$2,120$2,340
FY 2026$1,200$1,380$1,740$2,080$2,370
FY 2025$820$950$1,200$1,450$1,720
FY 2024$810$950$1,190$1,440$1,740
FY 2023$730$880$1,090$1,330$1,620

Two-bedroom rent in nearby Tolland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06232
06066$1,920+7.9%
06071$1,770−0.6%
06076$1,620−9.0%
06084$2,090+17.4%
06231$1,850+3.9%
06232Current$1,780—
06237$1,410−20.8%
06238$1,930+8.4%
06248$1,980+11.2%
06250$2,190+23.0%
06268$2,050+15.2%
06279$1,690−5.1%

Questions about ZIP 06232 rents

How much will Section 8 pay for a two-bedroom in ZIP 06232?

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 06232 for FY 2027?

The two-bedroom FMR rose 2.3%, from $1,740 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has risen 63.3%.

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