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CT/Hartford County/06489

06489

ZIPSAFMR
Hartford County, CT
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,390
1 BR$1,600$1,600
2 BR$2,000$2,000
3 BR$2,380$2,380
4 BR$2,630$2,630
5 BR$3,024Not available
6 BR$3,478Not available
7 BR$4,000Not available
8 BR$4,600Not available

Purchase Price Calculator

Maximum purchase price
$235,283

Cost breakdown

+Likely effective rent$2,000
HUD FMRUsed$2,000
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,190
Loan amount$188,226
Down payment$47,057
Rate6.50%
Term30 years
-Operating costs-$610
Property taxes-$235
Insurance-$175
Utilities$0
HOA$0
Management-$200
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,035(68.1% ROI)
Projected value
$253,374
Return breakdown
Property appreciation+$18,091
Loan principal paid down+$6,744
Rental cash flow+$7,200
5-year hold
+$54,944(116.8% ROI)
Projected value
$266,201
Return breakdown
Property appreciation+$30,918
Loan principal paid down+$12,026
Rental cash flow+$12,000
10-year hold
+$118,554(251.9% ROI)
Projected value
$301,182
Return breakdown
Property appreciation+$65,899
Loan principal paid down+$28,655
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 06489 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06489 (Hartford County, CT) is $2,000 a month. That is up 3.6% from $1,930 in FY 2026. Among 52 ZIP codes in Hartford County, 06489 has the 22nd-highest two-bedroom rent (county range $1,560–$2,900). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06489 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06489
BedroomsFY 2027Change90–110% range
Studio$1,390+4.5%$1,251–$1,529
1BR$1,600+4.6%$1,440–$1,760
2BR$2,000+3.6%$1,800–$2,200
3BR$2,380+3.0%$2,142–$2,618
4BR$2,6300.0%$2,367–$2,893

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06489
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,600$2,000$2,380$2,630
FY 2026$1,330$1,530$1,930$2,310$2,630
FY 2025$1,160$1,340$1,690$2,040$2,420
FY 2024$1,130$1,330$1,670$2,020$2,450
FY 2023$1,000$1,200$1,490$1,810$2,210

Two-bedroom rent in nearby Hartford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06489
06109$1,870−6.5%
06110$2,260+13.0%
06111$2,060+3.0%
06112$1,870−6.5%
06114$1,800−10.0%
06117$2,480+24.0%
06118$1,890−5.5%
06119$2,270+13.5%
06120$1,850−7.5%
06447$1,880−6.0%
06479$2,640+32.0%
06489Current$2,000—

Questions about ZIP 06489 rents

How much will Section 8 pay for a two-bedroom in ZIP 06489?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,000, that basic range is $1,800 to $2,200 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 06489 for FY 2027?

The two-bedroom FMR rose 3.6%, from $1,930 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 34.2%.

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