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CT/Windham County/06241

06241

ZIPSAFMR
Windham County, CT
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$1,150$1,150
1 BR$1,330$1,330
2 BR$1,650$1,650
3 BR$2,110$2,110
4 BR$2,290$2,290
5 BR$2,634Not available
6 BR$3,029Not available
7 BR$3,483Not available
8 BR$4,005Not available

Purchase Price Calculator

Maximum purchase price
$183,273

Cost breakdown

+Likely effective rent$1,650
HUD FMRUsed$1,650
Market rentN/A
Est. payment standardN/A
-Principal and interest-$927
Loan amount$146,618
Down payment$36,655
Rate6.50%
Term30 years
-Operating costs-$523
Property taxes-$183
Insurance-$175
Utilities$0
HOA$0
Management-$165
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,545(72.4% ROI)
Projected value
$197,365
Return breakdown
Property appreciation+$14,092
Loan principal paid down+$5,253
Rental cash flow+$7,200
5-year hold
+$45,451(124.0% ROI)
Projected value
$207,356
Return breakdown
Property appreciation+$24,084
Loan principal paid down+$9,367
Rental cash flow+$12,000
10-year hold
+$97,653(266.4% ROI)
Projected value
$234,605
Return breakdown
Property appreciation+$51,332
Loan principal paid down+$22,321
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
--
Mortgage rate
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ZIP 06241 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06241 (Windham County, CT) is $1,650 a month. That is down 5.7% from $1,750 in FY 2026. Among 21 ZIP codes in Windham County, 06241 is tied for the 10th-highest two-bedroom rent (county range $1,290–$2,450). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06241 is 15% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06241
BedroomsFY 2027Change90–110% range
Studio$1,150−5.0%$1,035–$1,265
1BR$1,330−7.0%$1,197–$1,463
2BR$1,650−5.7%$1,485–$1,815
3BR$2,110−6.2%$1,899–$2,321
4BR$2,290−9.8%$2,061–$2,519

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06241
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,150$1,330$1,650$2,110$2,290
FY 2026$1,210$1,430$1,750$2,250$2,540
FY 2025$1,220$1,310$1,720$2,110$2,520
FY 2024$1,280$1,290$1,690$2,070$2,560
FY 2023$1,120$1,120$1,480$1,840$2,400

Two-bedroom rent in nearby Windham County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06241
06226$1,730+4.8%
06234$1,590−3.6%
06235$1,550−6.1%
06239$1,680+1.8%
06241Current$1,650—
06242$1,290−21.8%
06247$1,6500.0%
06255$1,450−12.1%
06256$2,070+25.5%
06259$1,590−3.6%
06260$1,500−9.1%
06266$2,070+25.5%

Questions about ZIP 06241 rents

How much will Section 8 pay for a two-bedroom in ZIP 06241?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,650, that basic range is $1,485 to $1,815 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 06241 for FY 2027?

The two-bedroom FMR fell 5.7%, from $1,750 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 11.5%.

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