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CT/New Haven County/06401

06401

ZIPSAFMR
New Haven County, CT
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,300$1,300
1 BR$1,440$1,440
2 BR$1,810$1,810
3 BR$2,270$2,270
4 BR$2,700$2,700
5 BR$3,105Not available
6 BR$3,571Not available
7 BR$4,106Not available
8 BR$4,722Not available

Purchase Price Calculator

Maximum purchase price
$207,049

Cost breakdown

+Likely effective rent$1,810
HUD FMRUsed$1,810
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,047
Loan amount$165,639
Down payment$41,410
Rate6.50%
Term30 years
-Operating costs-$563
Property taxes-$207
Insurance-$175
Utilities$0
HOA$0
Management-$181
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,055(70.2% ROI)
Projected value
$222,969
Return breakdown
Property appreciation+$15,920
Loan principal paid down+$5,934
Rental cash flow+$7,200
5-year hold
+$49,791(120.2% ROI)
Projected value
$234,257
Return breakdown
Property appreciation+$27,208
Loan principal paid down+$10,583
Rental cash flow+$12,000
10-year hold
+$107,208(258.9% ROI)
Projected value
$265,040
Return breakdown
Property appreciation+$57,991
Loan principal paid down+$25,217
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 06401 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06401 (New Haven County, CT) is $1,810 a month. That is up 5.2% from $1,720 in FY 2026. Among 39 ZIP codes in New Haven County, 06401 is tied for the 28th-highest two-bedroom rent (county range $1,610–$2,910). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06401 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06401
BedroomsFY 2027Change90–110% range
Studio$1,300+1.6%$1,170–$1,430
1BR$1,440+1.4%$1,296–$1,584
2BR$1,810+5.2%$1,629–$1,991
3BR$2,270+6.6%$2,043–$2,497
4BR$2,700−5.9%$2,430–$2,970

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06401
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,440$1,810$2,270$2,700
FY 2026$1,280$1,420$1,720$2,130$2,870
FY 2025$1,170$1,410$1,700$2,050$2,850
FY 2024$1,080$1,330$1,560$1,890$2,650
FY 2023$970$1,240$1,450$1,760$2,470

Two-bedroom rent in nearby New Haven County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06401
06401Current$1,810—
06403$2,330+28.7%
06405$2,080+14.9%
06410$1,660−8.3%
06418$1,780−1.7%
06437$2,340+29.3%
06443$2,910+60.8%
06450$1,920+6.1%
06451$1,850+2.2%
06460$2,500+38.1%
06461$2,830+56.4%
06471$2,470+36.5%

Questions about ZIP 06401 rents

How much will Section 8 pay for a two-bedroom in ZIP 06401?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,810, that basic range is $1,629 to $1,991 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 06401 for FY 2027?

The two-bedroom FMR rose 5.2%, from $1,720 in FY 2026 to $1,810 in FY 2027. Since FY 2023 it has risen 24.8%.

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