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CT/Middlesex County/06480

06480

ZIPSAFMR
Middlesex County, CT
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,110
1 BR$1,270$1,270
2 BR$1,590$1,590
3 BR$1,890$1,890
4 BR$2,090$2,090
5 BR$2,404Not available
6 BR$2,764Not available
7 BR$3,179Not available
8 BR$3,655Not available

Purchase Price Calculator

Maximum purchase price
$174,357

Cost breakdown

+Likely effective rent$1,590
HUD FMRUsed$1,590
Market rentN/A
Est. payment standardN/A
-Principal and interest-$882
Loan amount$139,485
Down payment$34,871
Rate6.50%
Term30 years
-Operating costs-$508
Property taxes-$174
Insurance-$175
Utilities$0
HOA$0
Management-$159
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,604(73.4% ROI)
Projected value
$187,763
Return breakdown
Property appreciation+$13,406
Loan principal paid down+$4,997
Rental cash flow+$7,200
5-year hold
+$43,824(125.7% ROI)
Projected value
$197,269
Return breakdown
Property appreciation+$22,912
Loan principal paid down+$8,912
Rental cash flow+$12,000
10-year hold
+$94,070(269.8% ROI)
Projected value
$223,192
Return breakdown
Property appreciation+$48,835
Loan principal paid down+$21,235
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 06480 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06480 (Middlesex County, CT) is $1,590 a month. That is down 3.0% from $1,640 in FY 2026. Among 20 ZIP codes in Middlesex County, 06480 has the 20th-highest two-bedroom rent (county range $1,590–$2,570). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06480 is 18% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06480
BedroomsFY 2027Change90–110% range
Studio$1,110−1.8%$999–$1,221
1BR$1,270−2.3%$1,143–$1,397
2BR$1,590−3.0%$1,431–$1,749
3BR$1,890−4.1%$1,701–$2,079
4BR$2,090−6.3%$1,881–$2,299

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06480
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,270$1,590$1,890$2,090
FY 2026$1,130$1,300$1,640$1,970$2,230
FY 2025$1,060$1,220$1,540$1,860$2,200
FY 2024$1,080$1,280$1,600$1,930$2,350
FY 2023$990$1,190$1,480$1,800$2,200

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06480
06424$1,900+19.5%
06426$2,240+40.9%
06438$2,360+48.4%
06441$1,880+18.2%
06442$2,000+25.8%
06455$1,800+13.2%
06457$1,980+24.5%
06469$1,680+5.7%
06475$2,570+61.6%
06480Current$1,590—
06481$1,850+16.4%
06498$1,890+18.9%

Questions about ZIP 06480 rents

How much will Section 8 pay for a two-bedroom in ZIP 06480?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,590, that basic range is $1,431 to $1,749 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 06480 for FY 2027?

The two-bedroom FMR fell 3.0%, from $1,640 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 7.4%.

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