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CT/New Haven County/06762

06762

ZIPSAFMR
New Haven County, CT
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$1,570$1,570
1 BR$1,680$1,680
2 BR$2,190$2,190
3 BR$2,740$2,740
4 BR$3,260$3,260
5 BR$3,749Not available
6 BR$4,311Not available
7 BR$4,958Not available
8 BR$5,702Not available

Purchase Price Calculator

Maximum purchase price
$263,517

Cost breakdown

+Likely effective rent$2,190
HUD FMRUsed$2,190
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,332
Loan amount$210,813
Down payment$52,703
Rate6.50%
Term30 years
-Operating costs-$658
Property taxes-$264
Insurance-$175
Utilities$0
HOA$0
Management-$219
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,015(66.4% ROI)
Projected value
$283,779
Return breakdown
Property appreciation+$20,262
Loan principal paid down+$7,553
Rental cash flow+$7,200
5-year hold
+$60,097(114.0% ROI)
Projected value
$298,145
Return breakdown
Property appreciation+$34,628
Loan principal paid down+$13,469
Rental cash flow+$12,000
10-year hold
+$129,901(246.5% ROI)
Projected value
$337,324
Return breakdown
Property appreciation+$73,807
Loan principal paid down+$32,094
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 06762 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06762 (New Haven County, CT) is $2,190 a month. That is up 4.3% from $2,100 in FY 2026. Among 39 ZIP codes in New Haven County, 06762 has the 14th-highest two-bedroom rent (county range $1,610–$2,910). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06762 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06762
BedroomsFY 2027Change90–110% range
Studio$1,570+7.5%$1,413–$1,727
1BR$1,680−1.2%$1,512–$1,848
2BR$2,190+4.3%$1,971–$2,409
3BR$2,740+5.4%$2,466–$3,014
4BR$3,260+6.5%$2,934–$3,586

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06762
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,570$1,680$2,190$2,740$3,260
FY 2026$1,460$1,700$2,100$2,600$3,060
FY 2025$1,140$1,370$1,660$2,170$2,630
FY 2024$1,170$1,410$1,730$2,230$2,750
FY 2023$1,010$1,240$1,510$1,900$2,380

Two-bedroom rent in nearby New Haven County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06762
06519$1,940−11.4%
06524$2,170−0.9%
06525$2,470+12.8%
06704$1,670−23.7%
06705$1,670−23.7%
06706$1,680−23.3%
06708$1,740−20.5%
06710$1,610−26.5%
06712$2,350+7.3%
06716$2,510+14.6%
06762Current$2,190—
06770$1,780−18.7%

Questions about ZIP 06762 rents

How much will Section 8 pay for a two-bedroom in ZIP 06762?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,190, that basic range is $1,971 to $2,409 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 06762 for FY 2027?

The two-bedroom FMR rose 4.3%, from $2,100 in FY 2026 to $2,190 in FY 2027. Since FY 2023 it has risen 45.0%.

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