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CT/Middlesex County/06475

06475

ZIPSAFMR
Middlesex County, CT
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,790$1,790
1 BR$2,050$2,050
2 BR$2,570$2,570
3 BR$3,060$3,060
4 BR$3,380$3,380
5 BR$3,887Not available
6 BR$4,470Not available
7 BR$5,141Not available
8 BR$5,912Not available

Purchase Price Calculator

Maximum purchase price
$319,984

Cost breakdown

+Likely effective rent$2,570
HUD FMRUsed$2,570
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,618
Loan amount$255,988
Down payment$63,997
Rate6.50%
Term30 years
-Operating costs-$752
Property taxes-$320
Insurance-$175
Utilities$0
HOA$0
Management-$257
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,975(64.0% ROI)
Projected value
$344,588
Return breakdown
Property appreciation+$24,604
Loan principal paid down+$9,171
Rental cash flow+$7,200
5-year hold
+$70,404(110.0% ROI)
Projected value
$362,033
Return breakdown
Property appreciation+$42,049
Loan principal paid down+$16,355
Rental cash flow+$12,000
10-year hold
+$152,594(238.4% ROI)
Projected value
$409,607
Return breakdown
Property appreciation+$89,623
Loan principal paid down+$38,971
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 06475 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06475 (Middlesex County, CT) is $2,570 a month. That is up 6.2% from $2,420 in FY 2026. Among 20 ZIP codes in Middlesex County, 06475 has the highest two-bedroom rent (county range $1,590–$2,570). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06475 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06475
BedroomsFY 2027Change90–110% range
Studio$1,790+7.2%$1,611–$1,969
1BR$2,050+6.8%$1,845–$2,255
2BR$2,570+6.2%$2,313–$2,827
3BR$3,060+5.5%$2,754–$3,366
4BR$3,380+2.7%$3,042–$3,718

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06475
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,790$2,050$2,570$3,060$3,380
FY 2026$1,670$1,920$2,420$2,900$3,290
FY 2025$1,650$1,660$2,160$2,820$3,630
FY 2024$1,470$1,640$2,110$2,860$3,580
FY 2023$1,320$1,520$1,980$2,810$3,370

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06475
06424$1,900−26.1%
06426$2,240−12.8%
06438$2,360−8.2%
06441$1,880−26.8%
06442$2,000−22.2%
06455$1,800−30.0%
06457$1,980−23.0%
06469$1,680−34.6%
06475Current$2,570—
06480$1,590−38.1%
06481$1,850−28.0%
06498$1,890−26.5%

Questions about ZIP 06475 rents

How much will Section 8 pay for a two-bedroom in ZIP 06475?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,570, that basic range is $2,313 to $2,827 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 06475 for FY 2027?

The two-bedroom FMR rose 6.2%, from $2,420 in FY 2026 to $2,570 in FY 2027. Since FY 2023 it has risen 29.8%.

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