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CT/New London County/06334

06334

ZIPSAFMR
New London County, CT
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$1,290$1,290
1 BR$1,480$1,480
2 BR$1,850$1,850
3 BR$2,350$2,350
4 BR$2,910$2,910
5 BR$3,346Not available
6 BR$3,848Not available
7 BR$4,426Not available
8 BR$5,090Not available

Purchase Price Calculator

Maximum purchase price
$212,993

Cost breakdown

+Likely effective rent$1,850
HUD FMRUsed$1,850
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,077
Loan amount$170,394
Down payment$42,599
Rate6.50%
Term30 years
-Operating costs-$573
Property taxes-$213
Insurance-$175
Utilities$0
HOA$0
Management-$185
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,682(69.7% ROI)
Projected value
$229,370
Return breakdown
Property appreciation+$16,377
Loan principal paid down+$6,105
Rental cash flow+$7,200
5-year hold
+$50,876(119.4% ROI)
Projected value
$240,982
Return breakdown
Property appreciation+$27,989
Loan principal paid down+$10,887
Rental cash flow+$12,000
10-year hold
+$109,597(257.3% ROI)
Projected value
$272,649
Return breakdown
Property appreciation+$59,656
Loan principal paid down+$25,941
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 06334 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06334 (New London County, CT) is $1,850 a month. That is up 2.2% from $1,810 in FY 2026. Among 26 ZIP codes in New London County, 06334 has the 16th-highest two-bedroom rent (county range $1,680–$2,730). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06334 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06334
BedroomsFY 2027Change90–110% range
Studio$1,290+3.2%$1,161–$1,419
1BR$1,480+2.1%$1,332–$1,628
2BR$1,850+2.2%$1,665–$2,035
3BR$2,350+0.9%$2,115–$2,585
4BR$2,910+0.3%$2,619–$3,201

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06334
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,480$1,850$2,350$2,910
FY 2026$1,250$1,450$1,810$2,330$2,900
FY 2025$1,060$1,260$1,540$2,000$2,580
FY 2024$960$1,140$1,410$1,840$2,380
FY 2023$850$1,030$1,270$1,640$2,160

Two-bedroom rent in nearby New London County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06334
06320$1,910+3.2%
06330$1,740−5.9%
06333$2,280+23.2%
06334Current$1,850—
06335$2,470+33.5%
06339$1,860+0.5%
06340$2,090+13.0%
06351$1,680−9.2%
06355$2,350+27.0%
06357$2,070+11.9%
06359$1,900+2.7%
06360$1,780−3.8%

Questions about ZIP 06334 rents

How much will Section 8 pay for a two-bedroom in ZIP 06334?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,850, that basic range is $1,665 to $2,035 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 06334 for FY 2027?

The two-bedroom FMR rose 2.2%, from $1,810 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 45.7%.

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