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CT/New Haven County/06437

06437

ZIPSAFMR
New Haven County, CT
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,800$1,800
1 BR$1,950$1,950
2 BR$2,340$2,340
3 BR$2,910$2,910
4 BR$3,280$3,280
5 BR$3,772Not available
6 BR$4,338Not available
7 BR$4,988Not available
8 BR$5,737Not available

Purchase Price Calculator

Maximum purchase price
$285,807

Cost breakdown

+Likely effective rent$2,340
HUD FMRUsed$2,340
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,445
Loan amount$228,645
Down payment$57,161
Rate6.50%
Term30 years
-Operating costs-$695
Property taxes-$286
Insurance-$175
Utilities$0
HOA$0
Management-$234
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,368(65.4% ROI)
Projected value
$307,782
Return breakdown
Property appreciation+$21,976
Loan principal paid down+$8,192
Rental cash flow+$7,200
5-year hold
+$64,166(112.3% ROI)
Projected value
$323,364
Return breakdown
Property appreciation+$37,557
Loan principal paid down+$14,608
Rental cash flow+$12,000
10-year hold
+$138,859(242.9% ROI)
Projected value
$365,857
Return breakdown
Property appreciation+$80,050
Loan principal paid down+$34,809
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 06437 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06437 (New Haven County, CT) is $2,340 a month. That is up 4.0% from $2,250 in FY 2026. Among 39 ZIP codes in New Haven County, 06437 has the 11th-highest two-bedroom rent (county range $1,610–$2,910). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06437 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06437
BedroomsFY 2027Change90–110% range
Studio$1,800+14.6%$1,620–$1,980
1BR$1,950+7.1%$1,755–$2,145
2BR$2,340+4.0%$2,106–$2,574
3BR$2,910+4.7%$2,619–$3,201
4BR$3,2800.0%$2,952–$3,608

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06437
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,800$1,950$2,340$2,910$3,280
FY 2026$1,570$1,820$2,250$2,780$3,280
FY 2025$1,640$1,770$2,160$2,680$3,030
FY 2024$1,460$1,610$1,960$2,410$2,750
FY 2023$1,430$1,590$1,940$2,380$2,690

Two-bedroom rent in nearby New Haven County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06437
06403$2,330−0.4%
06405$2,080−11.1%
06410$1,660−29.1%
06418$1,780−23.9%
06437Current$2,340—
06443$2,910+24.4%
06450$1,920−17.9%
06451$1,850−20.9%
06460$2,500+6.8%
06461$2,830+20.9%
06471$2,470+5.6%
06472$1,950−16.7%

Questions about ZIP 06437 rents

How much will Section 8 pay for a two-bedroom in ZIP 06437?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,340, that basic range is $2,106 to $2,574 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 06437 for FY 2027?

The two-bedroom FMR rose 4.0%, from $2,250 in FY 2026 to $2,340 in FY 2027. Since FY 2023 it has risen 20.6%.

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