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CT/Middlesex County/06423

06423

ZIPSAFMR
Middlesex County, CT
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,530$1,530
1 BR$1,760$1,760
2 BR$2,200$2,200
3 BR$2,620$2,620
4 BR$2,890$2,890
5 BR$3,323Not available
6 BR$3,822Not available
7 BR$4,395Not available
8 BR$5,055Not available

Purchase Price Calculator

Maximum purchase price
$265,003

Cost breakdown

+Likely effective rent$2,200
HUD FMRUsed$2,200
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,340
Loan amount$212,002
Down payment$53,001
Rate6.50%
Term30 years
-Operating costs-$660
Property taxes-$265
Insurance-$175
Utilities$0
HOA$0
Management-$220
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,172(66.4% ROI)
Projected value
$285,379
Return breakdown
Property appreciation+$20,376
Loan principal paid down+$7,596
Rental cash flow+$7,200
5-year hold
+$60,368(113.9% ROI)
Projected value
$299,826
Return breakdown
Property appreciation+$34,824
Loan principal paid down+$13,545
Rental cash flow+$12,000
10-year hold
+$130,498(246.2% ROI)
Projected value
$339,226
Return breakdown
Property appreciation+$74,223
Loan principal paid down+$32,275
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 06423 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06423 (Middlesex County, CT) is $2,200 a month. That is up 7.8% from $2,040 in FY 2026. Among 20 ZIP codes in Middlesex County, 06423 has the 5th-highest two-bedroom rent (county range $1,590–$2,570). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06423 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06423
BedroomsFY 2027Change90–110% range
Studio$1,530+8.5%$1,377–$1,683
1BR$1,760+8.6%$1,584–$1,936
2BR$2,200+7.8%$1,980–$2,420
3BR$2,620+6.9%$2,358–$2,882
4BR$2,890+4.0%$2,601–$3,179

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06423
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,530$1,760$2,200$2,620$2,890
FY 2026$1,410$1,620$2,040$2,450$2,780
FY 2025$1,120$1,290$1,630$1,960$2,330
FY 2024$980$1,160$1,450$1,750$2,130
FY 2023$830$1,000$1,240$1,510$1,840

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06423
06409$2,190−0.5%
06412$1,900−13.6%
06413$1,850−15.9%
06416$2,050−6.8%
06417$1,910−13.2%
06419$2,350+6.8%
06422$2,140−2.7%
06423Current$2,200—
06424$1,900−13.6%
06426$2,240+1.8%
06438$2,360+7.3%
06441$1,880−14.5%

Questions about ZIP 06423 rents

How much will Section 8 pay for a two-bedroom in ZIP 06423?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,200, that basic range is $1,980 to $2,420 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 06423 for FY 2027?

The two-bedroom FMR rose 7.8%, from $2,040 in FY 2026 to $2,200 in FY 2027. Since FY 2023 it has risen 77.4%.

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