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CT/New Haven County/06524

06524

ZIPSAFMR
New Haven County, CT
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,670$1,670
1 BR$1,810$1,810
2 BR$2,170$2,170
3 BR$2,700$2,700
4 BR$3,050$3,050
5 BR$3,507Not available
6 BR$4,034Not available
7 BR$4,639Not available
8 BR$5,334Not available

Purchase Price Calculator

Maximum purchase price
$260,545

Cost breakdown

+Likely effective rent$2,170
HUD FMRUsed$2,170
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,317
Loan amount$208,436
Down payment$52,109
Rate6.50%
Term30 years
-Operating costs-$653
Property taxes-$261
Insurance-$175
Utilities$0
HOA$0
Management-$217
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,701(66.6% ROI)
Projected value
$280,578
Return breakdown
Property appreciation+$20,033
Loan principal paid down+$7,468
Rental cash flow+$7,200
5-year hold
+$59,555(114.3% ROI)
Projected value
$294,782
Return breakdown
Property appreciation+$34,238
Loan principal paid down+$13,317
Rental cash flow+$12,000
10-year hold
+$128,707(247.0% ROI)
Projected value
$333,519
Return breakdown
Property appreciation+$72,975
Loan principal paid down+$31,732
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 06524 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06524 (New Haven County, CT) is $2,170 a month. That is up 3.3% from $2,100 in FY 2026. Among 39 ZIP codes in New Haven County, 06524 has the 16th-highest two-bedroom rent (county range $1,610–$2,910). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06524 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06524
BedroomsFY 2027Change90–110% range
Studio$1,670+13.6%$1,503–$1,837
1BR$1,810+6.5%$1,629–$1,991
2BR$2,170+3.3%$1,953–$2,387
3BR$2,700+3.8%$2,430–$2,970
4BR$3,050−0.3%$2,745–$3,355

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06524
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,670$1,810$2,170$2,700$3,050
FY 2026$1,470$1,700$2,100$2,600$3,060
FY 2025$1,630$1,750$2,140$2,660$3,000
FY 2024$1,350$1,480$1,810$2,230$2,540
FY 2023$1,220$1,350$1,650$2,030$2,290

Two-bedroom rent in nearby New Haven County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06524
06492$1,810−16.6%
06511$2,120−2.3%
06512$2,010−7.4%
06513$1,900−12.4%
06514$2,270+4.6%
06515$2,160−0.5%
06516$1,990−8.3%
06517$1,890−12.9%
06518$2,820+30.0%
06519$1,940−10.6%
06524Current$2,170—
06525$2,470+13.8%

Questions about ZIP 06524 rents

How much will Section 8 pay for a two-bedroom in ZIP 06524?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,170, that basic range is $1,953 to $2,387 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 06524 for FY 2027?

The two-bedroom FMR rose 3.3%, from $2,100 in FY 2026 to $2,170 in FY 2027. Since FY 2023 it has risen 31.5%.

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