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CT/Litchfield County/06777

06777

ZIPSAFMR
Litchfield County, CT
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,630$1,630
1 BR$1,920$1,920
2 BR$2,340$2,340
3 BR$3,090$3,090
4 BR$3,540$3,540
5 BR$4,071Not available
6 BR$4,682Not available
7 BR$5,384Not available
8 BR$6,191Not available

Purchase Price Calculator

Maximum purchase price
$285,807

Cost breakdown

+Likely effective rent$2,340
HUD FMRUsed$2,340
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,445
Loan amount$228,645
Down payment$57,161
Rate6.50%
Term30 years
-Operating costs-$695
Property taxes-$286
Insurance-$175
Utilities$0
HOA$0
Management-$234
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,368(65.4% ROI)
Projected value
$307,782
Return breakdown
Property appreciation+$21,976
Loan principal paid down+$8,192
Rental cash flow+$7,200
5-year hold
+$64,166(112.3% ROI)
Projected value
$323,364
Return breakdown
Property appreciation+$37,557
Loan principal paid down+$14,608
Rental cash flow+$12,000
10-year hold
+$138,859(242.9% ROI)
Projected value
$365,857
Return breakdown
Property appreciation+$80,050
Loan principal paid down+$34,809
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 06777 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06777 (Litchfield County, CT) is $2,340 a month. That is down 3.3% from $2,420 in FY 2026. Among 36 ZIP codes in Litchfield County, 06777 is tied for the 4th-highest two-bedroom rent (county range $1,460–$3,400). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06777 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06777
BedroomsFY 2027Change90–110% range
Studio$1,630−2.4%$1,467–$1,793
1BR$1,920−2.5%$1,728–$2,112
2BR$2,340−3.3%$2,106–$2,574
3BR$3,090−1.0%$2,781–$3,399
4BR$3,540+0.6%$3,186–$3,894

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06777
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,630$1,920$2,340$3,090$3,540
FY 2026$1,670$1,970$2,420$3,120$3,520
FY 2025$1,470$1,740$2,150$2,690$3,070
FY 2024area FMR$1,006$1,160$1,484$1,819$2,024
FY 2023area FMR$925$1,067$1,384$1,684$1,859

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Litchfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 06777
06763$1,510−35.5%
06776$2,400+2.6%
06777Current$2,340—
06778$1,610−31.2%
06779$1,800−23.1%
06782$1,990−15.0%
06783$2,260−3.4%
06785$2,260−3.4%
06786$1,610−31.2%
06787$1,610−31.2%
06790$1,500−35.9%
06791$2,010−14.1%

Questions about ZIP 06777 rents

How much will Section 8 pay for a two-bedroom in ZIP 06777?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,340, that basic range is $2,106 to $2,574 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 06777 for FY 2027?

The two-bedroom FMR fell 3.3%, from $2,420 in FY 2026 to $2,340 in FY 2027. Since FY 2025 it has risen 8.8%.

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