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CT/Litchfield County/06778

06778

ZIPSAFMR
Litchfield County, CT
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,130$1,130
1 BR$1,310$1,310
2 BR$1,610$1,610
3 BR$1,990$1,990
4 BR$2,350$2,350
5 BR$2,703Not available
6 BR$3,108Not available
7 BR$3,574Not available
8 BR$4,110Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMRUsed$1,610
Market rentN/A
Est. payment standardN/A
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
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 06778 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 06778 (Litchfield County, CT) is $1,610 a month. That is up 8.1% from $1,490 in FY 2026. Among 36 ZIP codes in Litchfield County, 06778 is tied for the 24th-highest two-bedroom rent (county range $1,460–$3,400). The median county two-bedroom FMR in Connecticut is $1,933, so ZIP 06778 is 17% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 06778
BedroomsFY 2027Change90–110% range
Studio$1,130+10.8%$1,017–$1,243
1BR$1,310+9.2%$1,179–$1,441
2BR$1,610+8.1%$1,449–$1,771
3BR$1,990+7.0%$1,791–$2,189
4BR$2,350+10.3%$2,115–$2,585

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 06778
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,310$1,610$1,990$2,350
FY 2026$1,020$1,200$1,490$1,860$2,130
FY 2025$1,130$1,330$1,650$2,060$2,360
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. 06778
06763$1,510−6.2%
06776$2,400+49.1%
06777$2,340+45.3%
06778Current$1,610—
06779$1,800+11.8%
06782$1,990+23.6%
06783$2,260+40.4%
06785$2,260+40.4%
06786$1,6100.0%
06787$1,6100.0%
06790$1,500−6.8%
06791$2,010+24.8%

Questions about ZIP 06778 rents

How much will Section 8 pay for a two-bedroom in ZIP 06778?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,610, that basic range is $1,449 to $1,771 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 06778 for FY 2027?

The two-bedroom FMR rose 8.1%, from $1,490 in FY 2026 to $1,610 in FY 2027. Since FY 2025 it has fallen 2.4%.

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