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CT/New Haven County/06708

06708

ZIPSAFMR
New Haven County, CT
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,250$1,250
1 BR$1,330$1,330
2 BR$1,740$1,740
3 BR$2,180$2,180
4 BR$2,590$2,590
5 BR$2,978Not available
6 BR$3,425Not available
7 BR$3,939Not available
8 BR$4,530Not available

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMRUsed$1,740
Market rentN/A
Est. payment standardN/A
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
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 06708 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06708 (New Haven County, CT) is $1,740 a month. That is down 3.9% from $1,810 in FY 2026. Among 39 ZIP codes in New Haven County, 06708 has the 33rd-highest two-bedroom rent (county range $1,610–$2,910). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06708 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06708
BedroomsFY 2027Change90–110% range
Studio$1,250−0.8%$1,125–$1,375
1BR$1,330−8.9%$1,197–$1,463
2BR$1,740−3.9%$1,566–$1,914
3BR$2,180−2.7%$1,962–$2,398
4BR$2,590−1.9%$2,331–$2,849

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06708
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,250$1,330$1,740$2,180$2,590
FY 2026$1,260$1,460$1,810$2,240$2,640
FY 2025$980$1,180$1,430$1,870$2,270
FY 2024$940$1,120$1,380$1,780$2,200
FY 2023$890$1,070$1,330$1,690$2,040

Two-bedroom rent in nearby New Haven County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06708
06519$1,940+11.5%
06524$2,170+24.7%
06525$2,470+42.0%
06704$1,670−4.0%
06705$1,670−4.0%
06706$1,680−3.4%
06708Current$1,740—
06710$1,610−7.5%
06712$2,350+35.1%
06716$2,510+44.3%
06762$2,190+25.9%
06770$1,780+2.3%

Questions about ZIP 06708 rents

How much will Section 8 pay for a two-bedroom in ZIP 06708?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,740, that basic range is $1,566 to $1,914 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 06708 for FY 2027?

The two-bedroom FMR fell 3.9%, from $1,810 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 30.8%.

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