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CT/New London County/06333

06333

ZIPSAFMR
New London County, CT
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$1,590$1,590
1 BR$1,820$1,820
2 BR$2,280$2,280
3 BR$2,900$2,900
4 BR$3,590$3,590
5 BR$4,129Not available
6 BR$4,748Not available
7 BR$5,460Not available
8 BR$6,279Not available

Purchase Price Calculator

Maximum purchase price
$276,891

Cost breakdown

+Likely effective rent$2,280
HUD FMRUsed$2,280
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,400
Loan amount$221,512
Down payment$55,378
Rate6.50%
Term30 years
-Operating costs-$680
Property taxes-$277
Insurance-$175
Utilities$0
HOA$0
Management-$228
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,427(65.8% ROI)
Projected value
$298,181
Return breakdown
Property appreciation+$21,290
Loan principal paid down+$7,936
Rental cash flow+$7,200
5-year hold
+$62,538(112.9% ROI)
Projected value
$313,276
Return breakdown
Property appreciation+$36,386
Loan principal paid down+$14,152
Rental cash flow+$12,000
10-year hold
+$135,276(244.3% ROI)
Projected value
$354,443
Return breakdown
Property appreciation+$77,553
Loan principal paid down+$33,723
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 06333 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06333 (New London County, CT) is $2,280 a month. That is down 3.4% from $2,360 in FY 2026. Among 26 ZIP codes in New London County, 06333 has the 4th-highest two-bedroom rent (county range $1,680–$2,730). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06333 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06333
BedroomsFY 2027Change90–110% range
Studio$1,590−2.5%$1,431–$1,749
1BR$1,820−3.7%$1,638–$2,002
2BR$2,280−3.4%$2,052–$2,508
3BR$2,900−4.6%$2,610–$3,190
4BR$3,590−5.0%$3,231–$3,949

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06333
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,590$1,820$2,280$2,900$3,590
FY 2026$1,630$1,890$2,360$3,040$3,780
FY 2025$1,420$1,690$2,070$2,680$3,470
FY 2024$1,380$1,650$2,030$2,650$3,420
FY 2023$1,220$1,490$1,830$2,370$3,120

Two-bedroom rent in nearby New London County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06333
06320$1,910−16.2%
06330$1,740−23.7%
06333Current$2,280—
06334$1,850−18.9%
06335$2,470+8.3%
06339$1,860−18.4%
06340$2,090−8.3%
06351$1,680−26.3%
06355$2,350+3.1%
06357$2,070−9.2%
06359$1,900−16.7%
06360$1,780−21.9%

Questions about ZIP 06333 rents

How much will Section 8 pay for a two-bedroom in ZIP 06333?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,280, that basic range is $2,052 to $2,508 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 06333 for FY 2027?

The two-bedroom FMR fell 3.4%, from $2,360 in FY 2026 to $2,280 in FY 2027. Since FY 2023 it has risen 24.6%.

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