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CT/Tolland County/06237

06237

ZIPSAFMR
Tolland County, CT
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$980$980
1 BR$1,130$1,130
2 BR$1,410$1,410
3 BR$1,680$1,680
4 BR$1,850$1,850
5 BR$2,128Not available
6 BR$2,447Not available
7 BR$2,814Not available
8 BR$3,236Not available

Purchase Price Calculator

Maximum purchase price
$147,609

Cost breakdown

+Likely effective rent$1,410
HUD FMRUsed$1,410
Market rentN/A
Est. payment standardN/A
-Principal and interest-$746
Loan amount$118,087
Down payment$29,522
Rate6.50%
Term30 years
-Operating costs-$464
Property taxes-$148
Insurance-$175
Utilities$0
HOA$0
Management-$141
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,781(77.2% ROI)
Projected value
$158,959
Return breakdown
Property appreciation+$11,350
Loan principal paid down+$4,231
Rental cash flow+$7,200
5-year hold
+$38,942(131.9% ROI)
Projected value
$167,006
Return breakdown
Property appreciation+$19,397
Loan principal paid down+$7,545
Rental cash flow+$12,000
10-year hold
+$83,320(282.2% ROI)
Projected value
$188,952
Return breakdown
Property appreciation+$41,343
Loan principal paid down+$17,977
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
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Tax rate
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Mortgage rate
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ZIP 06237 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06237 (Tolland County, CT) is $1,410 a month. That is up 8.5% from $1,300 in FY 2026. Among 14 ZIP codes in Tolland County, 06237 has the 14th-highest two-bedroom rent (county range $1,410–$2,300). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06237 is 27% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06237
BedroomsFY 2027Change90–110% range
Studio$980+8.9%$882–$1,078
1BR$1,130+9.7%$1,017–$1,243
2BR$1,410+8.5%$1,269–$1,551
3BR$1,680+7.7%$1,512–$1,848
4BR$1,850+4.5%$1,665–$2,035

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06237
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$980$1,130$1,410$1,680$1,850
FY 2026$900$1,030$1,300$1,560$1,770
FY 2025$770$900$1,130$1,360$1,650
FY 2024$850$1,000$1,250$1,510$1,830
FY 2023$890$1,070$1,330$1,620$1,970

Two-bedroom rent in nearby Tolland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06237
06066$1,920+36.2%
06071$1,770+25.5%
06076$1,620+14.9%
06084$2,090+48.2%
06231$1,850+31.2%
06232$1,780+26.2%
06237Current$1,410—
06238$1,930+36.9%
06248$1,980+40.4%
06250$2,190+55.3%
06268$2,050+45.4%
06279$1,690+19.9%

Questions about ZIP 06237 rents

How much will Section 8 pay for a two-bedroom in ZIP 06237?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 06237 for FY 2027?

The two-bedroom FMR rose 8.5%, from $1,300 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 6.0%.

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