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CT/Windham County/06281

06281

ZIPSAFMR
Windham County, CT
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,020
1 BR$1,180$1,180
2 BR$1,470$1,470
3 BR$1,880$1,880
4 BR$2,100$2,100
5 BR$2,415Not available
6 BR$2,777Not available
7 BR$3,194Not available
8 BR$3,673Not available

Purchase Price Calculator

Maximum purchase price
$156,525

Cost breakdown

+Likely effective rent$1,470
HUD FMRUsed$1,470
Market rentN/A
Est. payment standardN/A
-Principal and interest-$791
Loan amount$125,220
Down payment$31,305
Rate6.50%
Term30 years
-Operating costs-$479
Property taxes-$157
Insurance-$175
Utilities$0
HOA$0
Management-$147
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,722(75.8% ROI)
Projected value
$168,560
Return breakdown
Property appreciation+$12,035
Loan principal paid down+$4,486
Rental cash flow+$7,200
5-year hold
+$40,569(129.6% ROI)
Projected value
$177,094
Return breakdown
Property appreciation+$20,569
Loan principal paid down+$8,000
Rental cash flow+$12,000
10-year hold
+$86,904(277.6% ROI)
Projected value
$200,365
Return breakdown
Property appreciation+$43,840
Loan principal paid down+$19,063
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 06281 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06281 (Windham County, CT) is $1,470 a month. That is down 3.9% from $1,530 in FY 2026. Among 21 ZIP codes in Windham County, 06281 has the 18th-highest two-bedroom rent (county range $1,290–$2,450). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06281 is 24% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06281
BedroomsFY 2027Change90–110% range
Studio$1,020−2.9%$918–$1,122
1BR$1,180−5.6%$1,062–$1,298
2BR$1,470−3.9%$1,323–$1,617
3BR$1,880−4.6%$1,692–$2,068
4BR$2,100−5.4%$1,890–$2,310

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06281
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,180$1,470$1,880$2,100
FY 2026$1,050$1,250$1,530$1,970$2,220
FY 2025$1,090$1,170$1,540$1,880$2,260
FY 2024$1,210$1,220$1,600$1,960$2,430
FY 2023$1,110$1,120$1,470$1,830$2,390

Two-bedroom rent in nearby Windham County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06281
06242$1,290−12.2%
06247$1,650+12.2%
06255$1,450−1.4%
06256$2,070+40.8%
06259$1,590+8.2%
06260$1,500+2.0%
06266$2,070+40.8%
06277$2,200+49.7%
06278$1,700+15.6%
06280$2,450+66.7%
06281Current$1,470—
06282$1,450−1.4%

Questions about ZIP 06281 rents

How much will Section 8 pay for a two-bedroom in ZIP 06281?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,470, that basic range is $1,323 to $1,617 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 06281 for FY 2027?

The two-bedroom FMR fell 3.9%, from $1,530 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 0.0%.

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