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CT/New Haven County/06450

06450

ZIPSAFMR
New Haven County, CT
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$1,480$1,480
1 BR$1,600$1,600
2 BR$1,920$1,920
3 BR$2,390$2,390
4 BR$2,690$2,690
5 BR$3,093Not available
6 BR$3,558Not available
7 BR$4,091Not available
8 BR$4,705Not available

Purchase Price Calculator

Maximum purchase price
$223,395

Cost breakdown

+Likely effective rent$1,920
HUD FMRUsed$1,920
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,130
Loan amount$178,716
Down payment$44,679
Rate6.50%
Term30 years
-Operating costs-$590
Property taxes-$223
Insurance-$175
Utilities$0
HOA$0
Management-$192
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,780(68.9% ROI)
Projected value
$240,572
Return breakdown
Property appreciation+$17,177
Loan principal paid down+$6,403
Rental cash flow+$7,200
5-year hold
+$52,774(118.1% ROI)
Projected value
$252,751
Return breakdown
Property appreciation+$29,356
Loan principal paid down+$11,418
Rental cash flow+$12,000
10-year hold
+$113,777(254.7% ROI)
Projected value
$285,964
Return breakdown
Property appreciation+$62,569
Loan principal paid down+$27,207
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 06450 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06450 (New Haven County, CT) is $1,920 a month. That is up 7.9% from $1,780 in FY 2026. Among 39 ZIP codes in New Haven County, 06450 has the 24th-highest two-bedroom rent (county range $1,610–$2,910).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06450
BedroomsFY 2027Change90–110% range
Studio$1,480+15.6%$1,332–$1,628
1BR$1,600+11.1%$1,440–$1,760
2BR$1,920+7.9%$1,728–$2,112
3BR$2,390+8.6%$2,151–$2,629
4BR$2,690+3.5%$2,421–$2,959

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06450
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,480$1,600$1,920$2,390$2,690
FY 2026$1,280$1,440$1,780$2,200$2,600
FY 2025$1,260$1,360$1,660$2,060$2,330
FY 2024$1,120$1,230$1,500$1,850$2,100
FY 2023$1,090$1,210$1,480$1,820$2,050

Two-bedroom rent in nearby New Haven County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06450
06418$1,780−7.3%
06437$2,340+21.9%
06443$2,910+51.6%
06450Current$1,920—
06451$1,850−3.6%
06460$2,500+30.2%
06461$2,830+47.4%
06471$2,470+28.6%
06472$1,950+1.6%
06473$2,180+13.5%
06477$2,800+45.8%
06478$1,720−10.4%

Questions about ZIP 06450 rents

How much will Section 8 pay for a two-bedroom in ZIP 06450?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,920, that basic range is $1,728 to $2,112 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 06450 for FY 2027?

The two-bedroom FMR rose 7.9%, from $1,780 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has risen 29.7%.

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