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CT/New Haven County/06405

06405

ZIPSAFMR
New Haven County, CT
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,600
1 BR$1,730$1,730
2 BR$2,080$2,080
3 BR$2,590$2,590
4 BR$2,920$2,920
5 BR$3,358Not available
6 BR$3,862Not available
7 BR$4,441Not available
8 BR$5,107Not available

Purchase Price Calculator

Maximum purchase price
$247,171

Cost breakdown

+Likely effective rent$2,080
HUD FMRUsed$2,080
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,250
Loan amount$197,737
Down payment$49,434
Rate6.50%
Term30 years
-Operating costs-$630
Property taxes-$247
Insurance-$175
Utilities$0
HOA$0
Management-$208
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,290(67.3% ROI)
Projected value
$266,176
Return breakdown
Property appreciation+$19,005
Loan principal paid down+$7,084
Rental cash flow+$7,200
5-year hold
+$57,114(115.5% ROI)
Projected value
$279,651
Return breakdown
Property appreciation+$32,480
Loan principal paid down+$12,633
Rental cash flow+$12,000
10-year hold
+$123,332(249.5% ROI)
Projected value
$316,399
Return breakdown
Property appreciation+$69,229
Loan principal paid down+$30,103
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
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Tax rate
--
Mortgage rate
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ZIP 06405 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06405 (New Haven County, CT) is $2,080 a month. That is up 3.0% from $2,020 in FY 2026. Among 39 ZIP codes in New Haven County, 06405 has the 19th-highest two-bedroom rent (county range $1,610–$2,910). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06405 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06405
BedroomsFY 2027Change90–110% range
Studio$1,600+13.5%$1,440–$1,760
1BR$1,730+6.1%$1,557–$1,903
2BR$2,080+3.0%$1,872–$2,288
3BR$2,590+3.6%$2,331–$2,849
4BR$2,920−1.0%$2,628–$3,212

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06405
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,730$2,080$2,590$2,920
FY 2026$1,410$1,630$2,020$2,500$2,950
FY 2025$1,500$1,610$1,970$2,450$2,760
FY 2024$1,350$1,480$1,810$2,230$2,540
FY 2023$1,310$1,460$1,780$2,190$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. 06405
06401$1,810−13.0%
06403$2,330+12.0%
06405Current$2,080—
06410$1,660−20.2%
06418$1,780−14.4%
06437$2,340+12.5%
06443$2,910+39.9%
06450$1,920−7.7%
06451$1,850−11.1%
06460$2,500+20.2%
06461$2,830+36.1%
06471$2,470+18.8%

Questions about ZIP 06405 rents

How much will Section 8 pay for a two-bedroom in ZIP 06405?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,080, that basic range is $1,872 to $2,288 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 06405 for FY 2027?

The two-bedroom FMR rose 3.0%, from $2,020 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 16.9%.

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