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CT/Middlesex County/06416

06416

ZIPSAFMR
Middlesex County, CT
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,430$1,430
1 BR$1,640$1,640
2 BR$2,050$2,050
3 BR$2,440$2,440
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
$242,713

Cost breakdown

+Likely effective rent$2,050
HUD FMRUsed$2,050
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,227
Loan amount$194,170
Down payment$48,543
Rate6.50%
Term30 years
-Operating costs-$623
Property taxes-$243
Insurance-$175
Utilities$0
HOA$0
Management-$205
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,819(67.6% ROI)
Projected value
$261,375
Return breakdown
Property appreciation+$18,662
Loan principal paid down+$6,957
Rental cash flow+$7,200
5-year hold
+$56,300(116.0% ROI)
Projected value
$274,607
Return breakdown
Property appreciation+$31,894
Loan principal paid down+$12,406
Rental cash flow+$12,000
10-year hold
+$121,540(250.4% ROI)
Projected value
$310,693
Return breakdown
Property appreciation+$67,980
Loan principal paid down+$29,560
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 06416 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06416 (Middlesex County, CT) is $2,050 a month. That is up 6.2% from $1,930 in FY 2026. Among 20 ZIP codes in Middlesex County, 06416 has the 8th-highest two-bedroom rent (county range $1,590–$2,570). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06416 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06416
BedroomsFY 2027Change90–110% range
Studio$1,430+7.5%$1,287–$1,573
1BR$1,640+7.2%$1,476–$1,804
2BR$2,050+6.2%$1,845–$2,255
3BR$2,440+5.6%$2,196–$2,684
4BR$2,700+2.7%$2,430–$2,970

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06416
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,430$1,640$2,050$2,440$2,700
FY 2026$1,330$1,530$1,930$2,310$2,630
FY 2025$1,200$1,380$1,750$2,110$2,500
FY 2024$1,210$1,430$1,790$2,160$2,620
FY 2023$1,120$1,340$1,670$2,030$2,480

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06416
06409$2,190+6.8%
06412$1,900−7.3%
06413$1,850−9.8%
06416Current$2,050—
06417$1,910−6.8%
06419$2,350+14.6%
06422$2,140+4.4%
06423$2,200+7.3%
06424$1,900−7.3%
06426$2,240+9.3%
06438$2,360+15.1%
06441$1,880−8.3%

Questions about ZIP 06416 rents

How much will Section 8 pay for a two-bedroom in ZIP 06416?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,050, that basic range is $1,845 to $2,255 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 06416 for FY 2027?

The two-bedroom FMR rose 6.2%, from $1,930 in FY 2026 to $2,050 in FY 2027. Since FY 2023 it has risen 22.8%.

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