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CT/New London County/06360

06360

ZIPSAFMR
New London County, CT
Zillow

ZIP Investment Score

108Above average

095130300
BRFMR
Eff. Rent
0 BR$1,240$1,240
1 BR$1,420$1,420
2 BR$1,780$1,780
3 BR$2,260$2,260
4 BR$2,800$2,800
5 BR$3,220Not available
6 BR$3,703Not available
7 BR$4,258Not available
8 BR$4,897Not available

Purchase Price Calculator

Maximum purchase price
$202,591

Cost breakdown

+Likely effective rent$1,780
HUD FMRUsed$1,780
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
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 06360 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06360 (New London County, CT) is $1,780 a month. That is up 2.9% from $1,730 in FY 2026. Among 26 ZIP codes in New London County, 06360 is tied for the 17th-highest two-bedroom rent (county range $1,680–$2,730). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06360 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06360
BedroomsFY 2027Change90–110% range
Studio$1,240+4.2%$1,116–$1,364
1BR$1,420+2.2%$1,278–$1,562
2BR$1,780+2.9%$1,602–$1,958
3BR$2,260+1.3%$2,034–$2,486
4BR$2,800+1.1%$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06360
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,240$1,420$1,780$2,260$2,800
FY 2026$1,190$1,390$1,730$2,230$2,770
FY 2025$1,030$1,220$1,500$1,940$2,510
FY 2024$970$1,160$1,430$1,870$2,410
FY 2023$920$1,110$1,370$1,770$2,330

Two-bedroom rent in nearby New London County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06360
06340$2,090+17.4%
06351$1,680−5.6%
06355$2,350+32.0%
06357$2,070+16.3%
06359$1,900+6.7%
06360Current$1,780—
06365$2,100+18.0%
06370$1,680−5.6%
06371$2,730+53.4%
06375$1,680−5.6%
06378$2,250+26.4%
06379$1,7800.0%

Questions about ZIP 06360 rents

How much will Section 8 pay for a two-bedroom in ZIP 06360?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,780, that basic range is $1,602 to $1,958 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 06360 for FY 2027?

The two-bedroom FMR rose 2.9%, from $1,730 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has risen 29.9%.

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