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CT/Tolland County/06248

06248

ZIPSAFMR
Tolland County, CT
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,380$1,380
1 BR$1,580$1,580
2 BR$1,980$1,980
3 BR$2,360$2,360
4 BR$2,600$2,600
5 BR$2,990Not available
6 BR$3,438Not available
7 BR$3,954Not available
8 BR$4,547Not available

Purchase Price Calculator

Maximum purchase price
$232,311

Cost breakdown

+Likely effective rent$1,980
HUD FMRUsed$1,980
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,175
Loan amount$185,849
Down payment$46,462
Rate6.50%
Term30 years
-Operating costs-$605
Property taxes-$232
Insurance-$175
Utilities$0
HOA$0
Management-$198
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,721(68.3% ROI)
Projected value
$250,173
Return breakdown
Property appreciation+$17,863
Loan principal paid down+$6,659
Rental cash flow+$7,200
5-year hold
+$54,401(117.1% ROI)
Projected value
$262,838
Return breakdown
Property appreciation+$30,528
Loan principal paid down+$11,874
Rental cash flow+$12,000
10-year hold
+$117,360(252.6% ROI)
Projected value
$297,377
Return breakdown
Property appreciation+$65,067
Loan principal paid down+$28,293
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 06248 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06248 (Tolland County, CT) is $1,980 a month. That is up 5.3% from $1,880 in FY 2026. Among 14 ZIP codes in Tolland County, 06248 has the 5th-highest two-bedroom rent (county range $1,410–$2,300). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06248 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06248
BedroomsFY 2027Change90–110% range
Studio$1,380+6.2%$1,242–$1,518
1BR$1,580+6.0%$1,422–$1,738
2BR$1,980+5.3%$1,782–$2,178
3BR$2,360+4.9%$2,124–$2,596
4BR$2,600+1.6%$2,340–$2,860

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06248
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,380$1,580$1,980$2,360$2,600
FY 2026$1,300$1,490$1,880$2,250$2,560
FY 2025$1,090$1,260$1,590$1,920$2,270
FY 2024$1,070$1,260$1,580$1,910$2,320
FY 2023$940$1,140$1,410$1,720$2,090

Two-bedroom rent in nearby Tolland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06248
06066$1,920−3.0%
06071$1,770−10.6%
06076$1,620−18.2%
06084$2,090+5.6%
06231$1,850−6.6%
06232$1,780−10.1%
06237$1,410−28.8%
06238$1,930−2.5%
06248Current$1,980—
06250$2,190+10.6%
06268$2,050+3.5%
06279$1,690−14.6%

Questions about ZIP 06248 rents

How much will Section 8 pay for a two-bedroom in ZIP 06248?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,980, that basic range is $1,782 to $2,178 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 06248 for FY 2027?

The two-bedroom FMR rose 5.3%, from $1,880 in FY 2026 to $1,980 in FY 2027. Since FY 2023 it has risen 40.4%.

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